Fox Co. (NASDAQ:FOX) Position Increased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its holdings in Fox Co. (NASDAQ:FOX) by 69.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,140 shares of the company’s stock after buying an additional 3,340 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in FOX were worth $372,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC increased its position in FOX by 15.2% in the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock worth $66,582,000 after buying an additional 226,867 shares during the period. Summit Global Investments acquired a new stake in shares of FOX in the 3rd quarter worth about $768,000. Barclays PLC lifted its position in FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company’s stock valued at $20,982,000 after purchasing an additional 18,802 shares during the last quarter. Algert Global LLC acquired a new position in FOX during the 3rd quarter valued at about $2,561,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in FOX by 448.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company’s stock valued at $27,661,000 after purchasing an additional 582,900 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Moffett Nathanson cut FOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

FOX Trading Down 1.6 %

NASDAQ:FOX opened at $50.46 on Friday. The stock has a market cap of $23.05 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. Fox Co. has a 1 year low of $25.82 and a 1 year high of $52.54. The business has a fifty day moving average of $46.24 and a 200-day moving average of $41.20.

FOX (NASDAQ:FOX) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.35. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same period last year, the firm posted $0.34 earnings per share. Equities analysts predict that Fox Co. will post 3.91 earnings per share for the current year.

FOX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.14%. FOX’s payout ratio is 11.56%.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by corporate insiders.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.