Fox Co. shares (NASDAQ:FOX) purchased by Livforsakringsbolaget Skandia Omsesidigt


Livforsakringsbolaget Skandia Omsesidigt grew its position in Fox Co. shares. (NASDAQ:FOX – Free Report) during the fourth quarter up 286.7%, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,160 shares of the company, having bought a further 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 major investors have also changed their holdings in the company. Daiwa Securities Group Inc. grew its position in FOX shares 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 purchasing an additional 1,116 shares in the last quarter. Zurcher Kantonalbank Zürich Cantonalbank increased its position in FOX by 377.5% in the fourth quarter. Zurcher Kantonalbank Zürich Cantonalbank now owns 359,678 shares of the company’s stock worth $9,945,000 after acquiring an additional 284,353 shares during the last quarter. Everence Capital Management Inc. increased 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 fourth 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 acquired Asset Management Ltd. a new position in FOX in the fourth quarter worth approximately $1,086,000. 26.41% of the shares are currently held by hedge funds and other institutional investors.

FOX shares rise 2.1%

FOX opened at $28.87 on Friday. Fox Co. has a 12-month low of $25.82 and a 12-month high of $33.24. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 17.08 and a beta of 0.85. The company has a 50-day moving average of $27.65 and a 200-day moving average 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 – Get Free Report) posted its latest earnings results on Wednesday, February 7. The company reported $0.34 earnings per share 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 company had revenue of $4.23 billion during the quarter. In the same quarter of the previous year, the company posted earnings per share of $0.48.

FOX increases dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26. Shareholders of record on Wednesday, March 6, received a dividend of $0.26 per share. This represents a dividend of $1.04 annually and a dividend yield of 3.60%. The ex-dividend date of this dividend was Tuesday, March 5. 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

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

Check out our latest report on FOX

FOX Profile

(Free report)

Fox Corporation operates as a news, sports and entertainment company in the United States (US). The company operates through cable network programming; Television; and the 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 telecommunications companies, virtual multi-channel video programming distributors and other digital platforms, primarily in the US.

Also see

Would you like to see which other hedge funds own FOX? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Fox Co. (NASDAQ:FOX – Free Report).

Quarterly Institutional Ownership for FOX (NASDAQ:FOX)



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