Fox Co. (NASDAQ:FOX) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Fox Co. (NASDAQ:FOX) by 286.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,160 shares of the company’s stock after purchasing an additional 860 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in FOX were worth $32,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. grew its position in shares of FOX by 7.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 16,727 shares of the company’s stock worth $463,000 after buying an additional 1,116 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in FOX by 377.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 359,678 shares of the company’s stock worth $9,945,000 after acquiring an additional 284,353 shares in the last quarter. Everence Capital Management Inc. raised its position in FOX by 103.0% in the fourth quarter. Everence Capital Management Inc. now owns 26,390 shares of the company’s stock worth $730,000 after acquiring an additional 13,390 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in FOX by 0.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 403,340 shares of the company’s stock worth $11,152,000 after purchasing an additional 1,670 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in FOX in the 4th quarter worth about $1,086,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Up 2.1 %

FOX opened at $28.87 on Friday. Fox Co. has a twelve month low of $25.82 and a twelve month high of $33.24. The firm has a market cap of $13.71 billion, a P/E ratio of 17.08 and a beta of 0.85. The business has a 50 day moving average price of $27.65 and a 200 day moving average price of $28.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29.

FOX (NASDAQ:FOX) last issued its earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.23. FOX had a return on equity of 15.81% and a net margin of 5.75%. The business had revenue of $4.23 billion during the quarter. During the same quarter in the previous year, the company posted $0.48 earnings per share.

FOX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Tuesday, March 5th. This is a positive change from FOX’s previous quarterly dividend of $0.24. FOX’s dividend payout ratio is 30.77%.

Analysts Set New Price Targets

Separately, TheStreet cut FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th.

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.