Andra AP fonden Has $2.63 Million Stake in Fox Co. (NASDAQ:FOX)

Andra AP fonden lifted its holdings in shares of Fox Co. (NASDAQ:FOX) by 61.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,100 shares of the company’s stock after purchasing an additional 31,100 shares during the quarter. Andra AP fonden’s holdings in FOX were worth $2,629,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FOX. BNP Paribas Asset Management Holding S.A. boosted its stake in FOX by 54.2% in the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 463,151 shares of the company’s stock worth $12,806,000 after purchasing an additional 162,768 shares during the period. Trexquant Investment LP grew its holdings in shares of FOX by 232.5% during the fourth quarter. Trexquant Investment LP now owns 36,186 shares of the company’s stock worth $1,001,000 after buying an additional 25,304 shares in the last quarter. Virtu Financial LLC acquired a new stake in FOX in the 1st quarter valued at approximately $1,711,000. Swedbank AB raised its position in FOX by 117.8% in the 2nd quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after buying an additional 78,801 shares during the last quarter. Finally, AMF Tjanstepension AB bought a new stake in FOX in the 2nd quarter valued at approximately $7,690,000. Institutional investors own 26.41% of the company’s stock.

Analyst Ratings Changes

Separately, Seaport Res Ptn downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday.

FOX Trading Down 1.1 %

Shares of NASDAQ:FOX opened at $36.04 on Friday. The company’s 50-day moving average price is $35.88 and its two-hundred day moving average price is $31.73. Fox Co. has a one year low of $25.82 and a one year high of $38.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. The stock has a market capitalization of $16.82 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. FOX had a return on equity of 15.57% and a net margin of 10.74%. During the same quarter in the prior year, the company posted $0.88 earnings per share. On average, equities analysts forecast that Fox Co. will post 3.59 EPS for the current fiscal year.

FOX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, September 4th. This is a boost from FOX’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 3.00%. FOX’s dividend payout ratio (DPR) is currently 16.93%.

Insider Buying and Selling

In other FOX news, COO John Nallen sold 52,874 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at $9,717,559.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Lachlan K. Murdoch acquired 119,705 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now directly owns 1,076,407 shares in the company, valued at $42,044,457.42. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, COO John Nallen sold 52,874 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at $9,717,559.04. The disclosure for this sale can be found here. 19.21% of the stock is 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 Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.