Blue Trust Inc. Buys 4,129 Shares of Fox Co. (NASDAQ:FOX)

Blue Trust Inc. boosted its stake in Fox Co. (NASDAQ:FOX) by 292.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,539 shares of the company’s stock after acquiring an additional 4,129 shares during the period. Blue Trust Inc.’s holdings in FOX were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FOX. Independent Franchise Partners LLP lifted its stake in shares of FOX by 14.5% in the 2nd quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock valued at $160,863,000 after purchasing an additional 636,247 shares during the period. Dimensional Fund Advisors LP lifted its stake in FOX by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock valued at $74,483,000 after buying an additional 272,743 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of FOX during the 2nd quarter worth approximately $65,709,000. Janus Henderson Group PLC boosted its holdings in shares of FOX by 7.8% during the 1st quarter. Janus Henderson Group PLC now owns 1,535,668 shares of the company’s stock worth $43,953,000 after buying an additional 111,687 shares in the last quarter. Finally, Brandes Investment Partners LP grew its position in shares of FOX by 21.5% during the 2nd quarter. Brandes Investment Partners LP now owns 1,273,492 shares of the company’s stock worth $40,758,000 after buying an additional 225,768 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Trading Up 0.0 %

NASDAQ FOX opened at $38.35 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.54 and a debt-to-equity ratio of 0.61. Fox Co. has a 52 week low of $25.82 and a 52 week high of $39.32. The business has a 50 day moving average price of $38.00 and a 200-day moving average price of $33.99. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 2.01 and a beta of 0.81.

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

FOX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Wednesday, September 4th. This is a positive change from FOX’s previous quarterly dividend of $0.26. FOX’s dividend payout ratio is currently 16.93%.

Insider Activity at FOX

In related news, COO John Nallen sold 52,874 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction 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 approximately $9,717,559.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO John Nallen sold 52,874 shares of the firm’s 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 transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $9,717,559.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of FOX stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the transaction, the chief executive officer now directly owns 1,076,407 shares in the company, valued at $42,044,457.42. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 19.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FOX. Barclays raised shares of FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

FOX Company 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.