Aurora Investment Counsel Buys 2,249 Shares of Fox Co. (NASDAQ:FOX)

Aurora Investment Counsel raised its stake in shares of Fox Co. (NASDAQ:FOX) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,113 shares of the company’s stock after buying an additional 2,249 shares during the quarter. Aurora Investment Counsel’s holdings in FOX were worth $1,797,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of FOX by 692.1% in the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock worth $45,000 after acquiring an additional 1,232 shares in the last quarter. Friedenthal Financial acquired a new position in shares of FOX in the 2nd quarter valued at approximately $51,000. V Square Quantitative Management LLC increased its stake in FOX by 20.8% during the 4th quarter. V Square Quantitative Management LLC now owns 3,391 shares of the company’s stock worth $94,000 after purchasing an additional 585 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in FOX during the 1st quarter worth approximately $97,000. Finally, TFO Wealth Partners LLC lifted its stake in FOX by 67,566.7% in the fourth quarter. TFO Wealth Partners LLC now owns 4,060 shares of the company’s stock valued at $112,000 after buying an additional 4,054 shares in the last quarter. Institutional investors and hedge funds 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 research report on Monday, September 9th.

Insider Activity at FOX

In other FOX news, CEO Lachlan K. Murdoch purchased 119,705 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the transaction, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO John Nallen sold 52,874 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was 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 directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was 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 owns 1,076,407 shares in the company, valued at $42,044,457.42. The disclosure for this purchase can be found here. 19.21% of the stock is owned by insiders.

FOX Stock Performance

FOX opened at $38.80 on Tuesday. The company has a market capitalization of $18.11 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.97 and a beta of 0.81. The business’s 50-day moving average price is $36.93 and its two-hundred day moving average price is $32.74. Fox Co. has a 1 year low of $25.82 and a 1 year high of $39.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33.

FOX (NASDAQ:FOX) last announced its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. FOX had a return on equity of 15.57% and a net margin of 10.74%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned $0.88 EPS. Equities analysts expect that Fox Co. will post 3.59 EPS for the current fiscal year.

FOX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Wednesday, September 4th. This is a positive change from FOX’s previous quarterly dividend of $0.26. FOX’s payout ratio is currently 16.93%.

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.