AMF Tjanstepension AB Decreases Stock Position in Fox Co. (NASDAQ:FOX)

AMF Tjanstepension AB decreased its stake in shares of Fox Co. (NASDAQ:FOX) by 76.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,390 shares of the company’s stock after selling 182,759 shares during the quarter. AMF Tjanstepension AB’s holdings in FOX were worth $2,625,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Summit Global Investments purchased a new stake in shares of FOX during the 3rd quarter worth $768,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in FOX by 78.4% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 18,529 shares of the company’s stock valued at $719,000 after buying an additional 8,143 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in FOX by 6.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 385,822 shares of the company’s stock worth $14,970,000 after buying an additional 24,909 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of FOX by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock worth $1,810,000 after acquiring an additional 300 shares in the last quarter. Finally, Regal Partners Ltd raised its position in shares of FOX by 30.3% during the 3rd quarter. Regal Partners Ltd now owns 667,049 shares of the company’s stock worth $25,882,000 after acquiring an additional 154,924 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Price Performance

Shares of NASDAQ FOX opened at $51.60 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a fifty-two week low of $26.10 and a fifty-two week high of $55.00. The firm has a market capitalization of $23.40 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. The stock’s 50-day simple moving average is $49.35 and its 200-day simple moving average is $43.76.

FOX (NASDAQ:FOX) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.35. FOX had a return on equity of 18.50% and a net margin of 14.39%. During the same quarter last year, the firm posted $0.34 EPS. As a group, equities research analysts forecast that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.09%. FOX’s dividend payout ratio is presently 11.56%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This represents a 4.61 % 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 company insiders.

About FOX

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.