Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.53 Million Stock Position in Fox Co. (NASDAQ:FOX)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Fox Co. (NASDAQ:FOX) by 43.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,186 shares of the company’s stock after purchasing an additional 23,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in FOX were worth $3,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Yousif Capital Management LLC increased its holdings in shares of FOX by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock valued at $874,000 after acquiring an additional 212 shares during the last quarter. Victory Capital Management Inc. boosted its stake in FOX by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after buying an additional 300 shares in the last quarter. Principal Securities Inc. grew its stake in FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after buying an additional 362 shares during the last quarter. Glenmede Trust Co. NA raised its position in FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of FOX by 0.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company’s stock valued at $2,981,000 after buying an additional 538 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Wall Street Analyst Weigh In

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

FOX Stock Down 1.8 %

FOX opened at $53.28 on Wednesday. The stock’s fifty day simple moving average is $48.38 and its 200 day simple moving average is $42.90. The stock has a market cap of $24.16 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. Fox Co. has a 1-year low of $25.82 and a 1-year high of $54.53. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company posted $0.34 earnings per share. As a group, research analysts expect that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders 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 2.03%. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Insider Activity at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s 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 completion of the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 in the company, valued at approximately $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 owned by insiders.

FOX 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.