ProShare Advisors LLC Acquires 2,778 Shares of Fox Co. (NASDAQ:FOX)

ProShare Advisors LLC lifted its stake in Fox Co. (NASDAQ:FOX) by 16.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,814 shares of the company’s stock after acquiring an additional 2,778 shares during the period. ProShare Advisors LLC’s holdings in FOX were worth $620,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in FOX by 2.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,220 shares of the company’s stock worth $733,000 after purchasing an additional 411 shares during the period. Natixis Advisors L.P. boosted its position in shares of FOX by 12.7% in the first quarter. Natixis Advisors L.P. now owns 14,495 shares of the company’s stock valued at $526,000 after acquiring an additional 1,635 shares during the period. MetLife Investment Management LLC increased its holdings in FOX by 22.2% during the 1st quarter. MetLife Investment Management LLC now owns 39,717 shares of the company’s stock worth $1,441,000 after acquiring an additional 7,228 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in FOX by 39.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,978 shares of the company’s stock worth $2,249,000 after purchasing an additional 17,416 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in FOX by 1.5% in the 1st quarter. BlackRock Inc. now owns 11,544,874 shares of the company’s stock worth $418,847,000 after purchasing an additional 168,261 shares in the last quarter. 24.56% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Down 1.8 %

FOX opened at $28.46 on Friday. The firm has a market capitalization of $13.92 billion, a P/E ratio of 12.27 and a beta of 0.91. Fox Co. has a one year low of $26.35 and a one year high of $34.42. The company has a fifty day moving average price of $31.14 and a 200-day moving average price of $30.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.78.

FOX (NASDAQ:FOX) last posted its 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 return on equity of 16.98% and a net margin of 8.31%. The business had revenue of $3.03 billion during the quarter. During the same quarter in the previous year, the firm earned $0.74 earnings per share.

FOX Increases Dividend

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

Insider Buying and Selling at FOX

In related news, insider Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $33.62, for a total value of $3,362,000.00. Following the transaction, the insider now owns 157,513 shares of the company’s stock, valued at $5,295,587.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other FOX news, CEO Lachlan K. Murdoch acquired 141,367 shares of the stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $33.84 per share, for a total transaction of $4,783,859.28. Following the acquisition, the chief executive officer now owns 956,702 shares in the company, valued at approximately $32,374,795.68. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. 19.21% of the stock is currently owned by company insiders.

FOX 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.