Skandinaviska Enskilda Banken AB publ Grows Holdings in Fox Co. (NASDAQ:FOX)

Skandinaviska Enskilda Banken AB publ lifted its holdings in Fox Co. (NASDAQ:FOX) by 341.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,145 shares of the company’s stock after purchasing an additional 227,539 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of FOX worth $13,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX in the 4th quarter worth $29,000. Glenmede Trust Co. NA increased its stake in shares of FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. increased its stake in shares of 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 purchasing an additional 362 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in FOX during the 3rd quarter worth approximately $201,000. Finally, Ieq Capital LLC purchased a new stake in FOX during the 4th quarter worth approximately $211,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analysts Set New Price Targets

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

FOX Price Performance

FOX stock opened at $48.47 on Friday. Fox Co. has a 52-week low of $26.61 and a 52-week high of $55.00. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.55 and a beta of 0.74. The company has a fifty day simple moving average of $49.60 and a 200-day simple moving average of $44.09. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, equities analysts anticipate that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.23%. The ex-dividend date is Wednesday, March 5th. FOX’s payout ratio is currently 11.56%.

Insiders Place Their Bets

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

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.