Van Lanschot Kempen Investment Management N.V. Decreases Stock Position in Fox Co. (NASDAQ:FOX)

Van Lanschot Kempen Investment Management N.V. decreased its stake in shares of Fox Co. (NASDAQ:FOX) by 20.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,045 shares of the company’s stock after selling 10,010 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in FOX were worth $1,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC raised its holdings in FOX by 27.9% in the fourth quarter. CWM LLC now owns 2,486 shares of the company’s stock valued at $69,000 after acquiring an additional 543 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in FOX by 20.8% in the fourth quarter. V Square Quantitative Management LLC now owns 3,391 shares of the company’s stock valued at $94,000 after buying an additional 585 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of FOX by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 89,496 shares of the company’s stock worth $2,475,000 after acquiring an additional 713 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of FOX by 9.5% in the 1st quarter. iA Global Asset Management Inc. now owns 8,386 shares of the company’s stock valued at $240,000 after acquiring an additional 731 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of FOX by 4.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 17,514 shares of the company’s stock worth $501,000 after acquiring an additional 787 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insider Buying and Selling at FOX

In related news, CFO Steven Tomsic sold 30,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the completion of the sale, the chief financial officer now owns 110,568 shares in the company, valued at approximately $3,788,059.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Steven Tomsic sold 30,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $34.26, for a total value of $1,027,800.00. Following the transaction, the chief financial officer now owns 110,568 shares in the company, valued at approximately $3,788,059.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John Nallen sold 52,874 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $9,717,559.04. The disclosure for this sale can be found here. 19.21% of the stock is owned by company insiders.

FOX Stock Up 0.6 %

NASDAQ:FOX traded up $0.21 during midday trading on Friday, hitting $38.14. 550,632 shares of the company were exchanged, compared to its average volume of 1,132,318. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $38.29. The company has a market capitalization of $17.80 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 5.71 and a beta of 0.82. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $34.27 and a 200 day simple moving average of $30.76.

FOX (NASDAQ:FOX) last posted its 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. FOX had a return on equity of 15.90% and a net margin of 11.19%. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. As a group, equities analysts anticipate that Fox Co. will post 3.32 earnings per share for the current fiscal year.

FOX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.08 dividend on an annualized basis and a yield of 2.83%. This is a boost from FOX’s previous quarterly dividend of $0.26. FOX’s payout ratio is currently 16.93%.

Analysts Set New Price Targets

Separately, Seaport Res Ptn upgraded shares of FOX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 9th.

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.