Russell Investments Group Ltd. Increases Stock Position in Fox Co. (NASDAQ:FOX)

Russell Investments Group Ltd. raised its holdings in Fox Co. (NASDAQ:FOX) by 19.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,359 shares of the company’s stock after purchasing an additional 3,420 shares during the period. Russell Investments Group Ltd.’s holdings in FOX were worth $668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC raised its position in shares of FOX by 52.6% in the first quarter. CWM LLC now owns 1,250 shares of the company’s stock valued at $39,000 after buying an additional 431 shares during the last quarter. Desjardins Global Asset Management Inc. acquired a new position in shares of FOX in the first quarter valued at approximately $59,000. Ensign Peak Advisors Inc raised its position in shares of FOX by 89.5% in the third quarter. Ensign Peak Advisors Inc now owns 2,117 shares of the company’s stock valued at $60,000 after buying an additional 1,000 shares during the last quarter. Machina Capital S.A.S. acquired a new position in FOX during the first quarter worth approximately $72,000. Finally, Pinebridge Investments L.P. increased its position in FOX by 199.8% during the fourth quarter. Pinebridge Investments L.P. now owns 2,494 shares of the company’s stock worth $71,000 after purchasing an additional 1,662 shares during the last quarter. Hedge funds and other institutional investors own 24.56% of the company’s stock.

Insider Activity

In other news, insider Viet D. Dinh sold 231,865 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $33.40, for a total value of $7,744,291.00. Following the completion of the transaction, the insider now directly owns 56,161 shares in the company, valued at $1,875,777.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other FOX news, insider Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $33.62, for a total transaction of $3,362,000.00. Following the transaction, the insider now directly owns 157,513 shares in the company, valued at approximately $5,295,587.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Viet D. Dinh sold 231,865 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $33.40, for a total transaction of $7,744,291.00. Following the transaction, the insider now owns 56,161 shares in the company, valued at $1,875,777.40. The disclosure for this sale can be found here. Insiders own 19.21% of the company’s stock.

FOX Stock Performance

Shares of FOX stock opened at $28.75 on Friday. Fox Co. has a one year low of $26.35 and a one year high of $34.42. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.78 and a current ratio of 1.93. The company has a 50 day moving average price of $31.38 and a 200 day moving average price of $30.95. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 12.39 and a beta of 0.91.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. FOX had a net margin of 8.31% and a return on equity of 16.98%. The firm had revenue of $3.03 billion during the quarter. During the same period last year, the company posted $0.74 EPS.

FOX Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, August 30th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This is an increase from FOX’s previous Semi-Annual dividend of $0.25. This represents a dividend yield of 1.6%. FOX’s dividend payout ratio is 22.41%.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.