9,130 Shares in Fox Co. (NASDAQ:FOX) Acquired by AQR Capital Management LLC

AQR Capital Management LLC purchased a new position in shares of Fox Co. (NASDAQ:FOX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,130 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds have also added to or reduced their stakes in FOX. Blue Trust Inc. lifted its holdings in FOX by 692.1% during the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock worth $45,000 after purchasing an additional 1,232 shares during the last quarter. Friedenthal Financial bought a new position in FOX during the 2nd quarter worth $51,000. Central Pacific Bank Trust Division bought a new position in FOX during the 1st quarter worth $97,000. GAMMA Investing LLC increased its stake in FOX by 267.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock worth $113,000 after acquiring an additional 2,569 shares during the period. Finally, Covestor Ltd increased its stake in FOX by 280.5% during the 1st quarter. Covestor Ltd now owns 3,995 shares of the company’s stock worth $114,000 after acquiring an additional 2,945 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Trading Up 0.8 %

Shares of FOX opened at $38.75 on Thursday. Fox Co. has a 52-week low of $25.82 and a 52-week high of $39.15. The business’s fifty day moving average is $37.72 and its 200-day moving average is $33.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. The firm has a market cap of $18.09 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 2.01 and a beta of 0.81.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. FOX had a return on equity of 15.57% and a net margin of 10.74%. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the company posted $0.88 EPS. Equities analysts anticipate that Fox Co. will post 3.59 EPS for the current fiscal year.

FOX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.27 dividend. This is a positive change 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 dividend yield of 2.79%. FOX’s dividend payout ratio (DPR) is presently 16.93%.

Insider Activity

In related news, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction 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 owns 249,424 shares of the company’s stock, valued at $9,717,559.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction 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 owns 249,424 shares of the company’s stock, valued at $9,717,559.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the acquisition, the chief executive officer now owns 1,076,407 shares in the company, valued at $42,044,457.42. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 19.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays upgraded FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

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.