KLP Kapitalforvaltning AS Invests $8.12 Million in Fox Co. (NASDAQ:FOX)

KLP Kapitalforvaltning AS acquired a new position in Fox Co. (NASDAQ:FOX) in the 4th quarter, Holdings Channel.com reports. The firm acquired 177,500 shares of the company’s stock, valued at approximately $8,119,000.

A number of other institutional investors also recently bought and sold shares of FOX. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the fourth quarter worth about $29,000. Glenmede Trust Co. NA raised its stake in FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. lifted its holdings in FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after purchasing an additional 362 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of FOX in the third quarter worth approximately $201,000. Finally, Ieq Capital LLC purchased a new stake in shares of FOX in the fourth quarter worth $211,000. 26.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Moffett Nathanson cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

FOX Stock Up 0.0 %

Shares of FOX opened at $49.71 on Tuesday. The business’s 50 day moving average is $49.92 and its 200 day moving average is $44.64. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 12-month low of $27.31 and a 12-month high of $55.00. The company has a market capitalization of $22.54 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same period in the prior year, the firm earned $0.34 EPS. Research analysts expect that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.17%. FOX’s dividend payout ratio (DPR) is 11.56%.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.