Acadian Asset Management LLC Has $180,000 Stock Position in Fox Co. (NASDAQ:FOX)

Acadian Asset Management LLC increased its holdings in shares of Fox Co. (NASDAQ:FOX) by 1,179.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,644 shares of the company’s stock after buying an additional 5,203 shares during the quarter. Acadian Asset Management LLC’s holdings in FOX were worth $180,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of FOX by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,070,204 shares of the company’s stock valued at $57,243,000 after purchasing an additional 20,306 shares in the last quarter. Norges Bank bought a new position in FOX in the 4th quarter valued at approximately $70,598,000. Trexquant Investment LP grew its stake in shares of FOX by 232.5% during the fourth quarter. Trexquant Investment LP now owns 36,186 shares of the company’s stock worth $1,001,000 after buying an additional 25,304 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of FOX by 57.1% during the fourth quarter. Neuberger Berman Group LLC now owns 33,849 shares of the company’s stock worth $936,000 after buying an additional 12,307 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of FOX by 15.6% during the fourth quarter. TD Asset Management Inc now owns 242,390 shares of the company’s stock worth $6,702,000 after buying an additional 32,703 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at FOX

In related news, CEO Lachlan K. Murdoch bought 119,705 shares of FOX stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Lachlan K. Murdoch purchased 119,705 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the transaction, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John Nallen sold 52,874 shares of FOX stock in a transaction dated 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 completion of the transaction, 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 corporate insiders.

FOX Stock Down 0.7 %

Shares of NASDAQ FOX opened at $37.28 on Friday. The company has a 50 day simple moving average of $36.42 and a 200 day simple moving average of $32.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. Fox Co. has a 1 year low of $25.82 and a 1 year high of $38.51. The firm has a market cap of $17.40 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm 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 last year, the firm earned $0.88 earnings per share. On average, research analysts forecast that Fox Co. will post 3.59 EPS for the current year.

FOX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a $0.27 dividend. This is a boost from FOX’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.90%. 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.