Aurora Investment Counsel Has $1.80 Million Stock Position in Fox Co. (NASDAQ:FOX)

Aurora Investment Counsel boosted its position in Fox Co. (NASDAQ:FOX) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,113 shares of the company’s stock after buying an additional 2,249 shares during the quarter. Aurora Investment Counsel’s holdings in FOX were worth $1,797,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of FOX by 692.1% in the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock worth $45,000 after acquiring an additional 1,232 shares during the last quarter. Friedenthal Financial acquired a new stake in FOX in the 2nd quarter worth $51,000. V Square Quantitative Management LLC increased its holdings in shares of FOX by 20.8% during the 4th quarter. V Square Quantitative Management LLC now owns 3,391 shares of the company’s stock worth $94,000 after purchasing an additional 585 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of FOX during the first quarter valued at about $97,000. Finally, GAMMA Investing LLC lifted its stake in shares of FOX by 267.9% in the second quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock valued at $113,000 after buying an additional 2,569 shares during the period. Institutional investors own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

Insider Buying and Selling

In related news, CEO Lachlan K. Murdoch acquired 119,705 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the purchase, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other FOX news, CEO Lachlan K. Murdoch bought 119,705 shares of the stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the purchase, the chief executive officer now owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Nallen sold 52,874 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $9,717,559.04. The disclosure for this sale can be found here. 19.21% of the stock is owned by corporate insiders.

FOX Stock Down 0.1 %

Shares of FOX stock opened at $38.80 on Tuesday. The stock has a market cap of $18.11 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. The stock has a fifty day moving average price of $36.93 and a 200 day moving average price of $32.74. Fox Co. has a one year low of $25.82 and a one year high of $39.09.

FOX (NASDAQ:FOX) last issued its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. FOX had a net margin of 10.74% and a return on equity of 15.57%. During the same period in the previous year, the business earned $0.88 EPS. Analysts predict that Fox Co. will post 3.59 earnings per share for the current year.

FOX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This is a boost from FOX’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.78%. FOX’s dividend payout ratio is presently 16.93%.

About FOX

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.