XTX Topco Ltd Makes New Investment in Fox Co. (NASDAQ:FOX)

XTX Topco Ltd bought a new stake in shares of Fox Co. (NASDAQ:FOX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,456 shares of the company’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Trexquant Investment LP increased its holdings in FOX by 232.5% in 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 during the last quarter. Virtu Financial LLC acquired a new position in shares of FOX during the 1st quarter worth $1,711,000. Swedbank AB raised its holdings in shares of FOX by 117.8% during the 2nd quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after purchasing an additional 78,801 shares in the last quarter. AMF Tjanstepension AB acquired a new stake in shares of FOX in the 2nd quarter valued at $7,690,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in FOX by 47.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 362,172 shares of the company’s stock worth $10,365,000 after purchasing an additional 116,218 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Up 0.6 %

NASDAQ:FOX opened at $38.67 on Friday. The company’s 50 day moving average is $36.67 and its 200-day moving average is $32.45. 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 12 month low of $25.82 and a 12 month high of $39.00. The firm has a market cap of $18.05 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 1.97 and a beta of 0.81.

FOX (NASDAQ:FOX) last announced its earnings results on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, topping 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 firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm posted $0.88 EPS. Equities analysts anticipate that Fox Co. will post 3.59 EPS for the current 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 paid a dividend of $0.27 per share. This is an increase from FOX’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 4th. This represents a $1.08 annualized dividend and a yield of 2.79%. FOX’s dividend payout ratio is presently 16.93%.

Insider Buying and Selling at FOX

In other FOX news, CEO Lachlan K. Murdoch purchased 119,705 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was bought 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 can be accessed through the SEC website. In related news, CEO Lachlan K. Murdoch purchased 119,705 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $39.06 per share, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO John Nallen sold 52,874 shares of the company’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 approximately $9,717,559.04. The disclosure for this sale can be found here. Insiders own 19.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

About FOX

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.