Lecap Asset Management Ltd. Has $706,000 Holdings in Fox Co. (NASDAQ:FOX)

Lecap Asset Management Ltd. cut its holdings in Fox Co. (NASDAQ:FOX) by 33.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,187 shares of the company’s stock after selling 9,189 shares during the quarter. Lecap Asset Management Ltd.’s holdings in FOX were worth $706,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Independent Franchise Partners LLP lifted its position in FOX by 14.5% during the second quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after purchasing an additional 636,247 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of FOX by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock worth $74,483,000 after acquiring an additional 272,743 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of FOX in the second quarter worth about $65,709,000. Janus Henderson Group PLC lifted its holdings in shares of FOX by 7.8% in the first quarter. Janus Henderson Group PLC now owns 1,535,668 shares of the company’s stock worth $43,953,000 after acquiring an additional 111,687 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in shares of FOX by 21.5% in the second quarter. Brandes Investment Partners LP now owns 1,273,492 shares of the company’s stock worth $40,758,000 after acquiring an additional 225,768 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FOX has been the subject of a number of research reports. Barclays raised shares of FOX to a “hold” rating in a report on Wednesday, October 9th. Seaport Res Ptn lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

Insider Buying and Selling at FOX

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

FOX Stock Down 0.2 %

Shares of NASDAQ FOX opened at $38.34 on Friday. The company has a 50 day simple moving average of $37.95 and a 200 day simple moving average of $33.96. The firm has a market cap of $17.89 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. Fox Co. has a 1 year low of $25.82 and a 1 year high of $39.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33.

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

FOX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Wednesday, September 4th. This is an increase from FOX’s previous quarterly dividend of $0.26. FOX’s dividend payout ratio is currently 16.93%.

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.