Fox Co. (NASDAQ:FOX) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in Fox Co. (NASDAQ:FOX) by 31.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,930,583 shares of the company’s stock after selling 875,492 shares during the period. American Century Companies Inc. owned about 0.41% of FOX worth $61,817,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of FOX during the 4th quarter worth about $70,598,000. Dimensional Fund Advisors LP raised its position in shares of FOX by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,070,204 shares of the company’s stock worth $57,243,000 after purchasing an additional 20,306 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of FOX during the 2nd quarter worth about $65,709,000. Janus Henderson Group PLC raised its position in shares of FOX by 7.8% during the 1st quarter. Janus Henderson Group PLC now owns 1,535,668 shares of the company’s stock worth $43,953,000 after purchasing an additional 111,687 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of FOX by 22.0% during the 1st quarter. National Bank of Canada FI now owns 1,119,528 shares of the company’s stock worth $34,638,000 after purchasing an additional 201,783 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

FOX Stock Up 2.1 %

FOX stock opened at $36.78 on Monday. The company has a market cap of $16.93 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.90 and a beta of 0.81. The company has a current ratio of 2.54, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61. Fox Co. has a 12 month low of $25.82 and a 12 month high of $38.51. The firm has a 50-day moving average of $35.98 and a two-hundred day moving average of $31.86.

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

FOX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, September 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from FOX’s previous quarterly dividend of $0.26. FOX’s dividend payout ratio (DPR) 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.