Swedbank AB Has $5.85 Million Holdings in Fox Co. (NASDAQ:FOX)

Swedbank AB increased its position in shares of Fox Co. (NASDAQ:FOX) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,849 shares of the company’s stock after buying an additional 5,138 shares during the period. Swedbank AB’s holdings in FOX were worth $5,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in FOX by 692.1% in the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after buying an additional 1,232 shares during the period. Friedenthal Financial bought a new stake in FOX in the 2nd quarter valued at $51,000. Exchange Traded Concepts LLC acquired a new stake in FOX during the 3rd quarter valued at $128,000. Central Pacific Bank Trust Division bought a new position in FOX during the first quarter worth $97,000. Finally, GAMMA Investing LLC increased its holdings in shares of FOX by 267.9% in the second quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock valued at $113,000 after purchasing an additional 2,569 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other FOX news, COO John Nallen sold 52,874 shares of FOX stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $9,717,559.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other FOX news, CEO Lachlan K. Murdoch bought 119,705 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the transaction, the chief executive officer now directly owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at $9,717,559.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 19.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on FOX shares. Barclays upgraded shares of FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

FOX Stock Down 0.3 %

FOX stock opened at $38.97 on Friday. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week 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. The stock has a market capitalization of $18.19 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 2.01 and a beta of 0.81. The business’s fifty day moving average price is $37.82 and its two-hundred day moving average price is $33.71.

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

FOX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a $0.27 dividend. This is a boost from FOX’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Wednesday, September 4th. FOX’s payout ratio is 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.