Heartland Bank & Trust Co Acquires 745 Shares of Fox Co. (NASDAQ:FOX)

Heartland Bank & Trust Co raised its holdings in shares of Fox Co. (NASDAQ:FOX) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,434 shares of the company’s stock after acquiring an additional 745 shares during the quarter. Heartland Bank & Trust Co’s holdings in FOX were worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOX. Blue Trust Inc. grew its position in FOX by 692.1% during the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock worth $45,000 after buying an additional 1,232 shares in the last quarter. Friedenthal Financial purchased a new position in shares of FOX during the second quarter worth about $51,000. V Square Quantitative Management LLC grew its holdings in shares of FOX by 20.8% during the fourth 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 in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of FOX in the first quarter worth approximately $97,000. Finally, GAMMA Investing LLC raised its stake in 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 purchasing an additional 2,569 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

FOX Stock Down 0.1 %

FOX opened at $38.80 on Tuesday. The business’s fifty day simple moving average is $36.93 and its 200 day simple moving average is $32.74. Fox Co. has a 52 week low of $25.82 and a 52 week high of $39.09. The company has a quick ratio of 2.33, a current ratio of 2.54 and a debt-to-equity ratio of 0.61. The stock has a market cap of $18.11 billion, a PE ratio of 12.16, a P/E/G ratio of 1.97 and a beta of 0.81.

FOX (NASDAQ:FOX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. FOX had a return on equity of 15.57% and a net margin of 10.74%. During the same period in the prior year, the company earned $0.88 EPS. As a group, research analysts expect that Fox Co. will post 3.59 earnings per share for the current fiscal year.

FOX Increases Dividend

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

Insider Activity

In related news, COO John Nallen sold 52,874 shares of FOX stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $9,717,559.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Lachlan K. Murdoch acquired 119,705 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of $39.06 per share, with a total value 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 SEC, which can be accessed through this link. Also, COO John Nallen sold 52,874 shares of the firm’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 in the company, 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.

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.