Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Position in Fox Co. (NASDAQ:FOX)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Fox Co. (NASDAQ:FOX) by 43.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FOX. State Street Corp lifted its holdings in shares of FOX by 7.5% during the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock worth $374,008,000 after purchasing an additional 671,511 shares during the period. Geode Capital Management LLC grew its stake in shares of FOX by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company’s stock worth $120,299,000 after purchasing an additional 92,515 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of FOX by 58.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock valued at $135,890,000 after purchasing an additional 1,095,073 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of FOX by 15.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock valued at $66,582,000 after purchasing an additional 226,867 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in FOX by 212.7% during the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock worth $55,780,000 after buying an additional 977,907 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

FOX stock opened at $53.28 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company’s fifty day moving average price is $48.38 and its 200 day moving average price is $42.90. The stock has a market capitalization of $24.16 billion, a P/E ratio of 11.41, a P/E/G 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.

FOX (NASDAQ:FOX) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating 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 earned $0.34 earnings per share. As a group, equities research analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.03%. FOX’s payout ratio is 11.56%.

Wall Street Analysts Forecast Growth

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

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were 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 $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the 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 of the company’s stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.