ProShare Advisors LLC Has $580,000 Holdings in Fox Co. (NASDAQ:FOX)

ProShare Advisors LLC increased its position in shares of Fox Co. (NASDAQ:FOX) by 7.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,109 shares of the company’s stock after buying an additional 1,221 shares during the period. ProShare Advisors LLC’s holdings in FOX were worth $580,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Royal London Asset Management Ltd. grew its position in shares of FOX by 0.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 52,054 shares of the company’s stock worth $1,667,000 after buying an additional 367 shares during the period. State of Michigan Retirement System grew its holdings in FOX by 1.1% in the second quarter. State of Michigan Retirement System now owns 45,531 shares of the company’s stock worth $1,458,000 after purchasing an additional 500 shares during the period. V Square Quantitative Management LLC increased its stake in FOX by 20.8% in the fourth quarter. V Square Quantitative Management LLC now owns 3,391 shares of the company’s stock valued at $94,000 after purchasing an additional 585 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of FOX by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 89,496 shares of the company’s stock valued at $2,475,000 after purchasing an additional 713 shares during the period. Finally, iA Global Asset Management Inc. boosted its position in shares of FOX by 9.5% during the 1st quarter. iA Global Asset Management Inc. now owns 8,386 shares of the company’s stock worth $240,000 after purchasing an additional 731 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX Price Performance

FOX stock opened at $38.84 on Monday. Fox Co. has a 52 week low of $25.82 and a 52 week high of $39.09. The company’s 50 day moving average price is $36.84 and its two-hundred day moving average price is $32.65. The stock has a market cap of $18.13 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.97 and a beta of 0.81. The company has a quick ratio of 2.33, a current ratio of 2.54 and a debt-to-equity ratio of 0.61.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.88 EPS. On average, equities analysts predict that Fox Co. will post 3.59 earnings per share for the current year.

FOX Increases Dividend

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

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 Transactions at FOX

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

FOX Company Profile

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.