Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Fox Co. (NASDAQ:FOX – Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 149,334 shares of the company’s stock after selling 2,274 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FOX were worth $4,676,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of FOX. Forsta AP Fonden raised its stake in FOX by 22.4% during the fourth quarter. Forsta AP Fonden now owns 147,600 shares of the company’s stock worth $4,199,000 after purchasing an additional 27,000 shares during the period. Qtron Investments LLC purchased a new position in FOX during the fourth quarter worth approximately $293,000. Skandinaviska Enskilda Banken AB publ raised its stake in FOX by 31.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 326,672 shares of the company’s stock worth $9,294,000 after purchasing an additional 77,560 shares during the period. Victory Capital Management Inc. raised its stake in FOX by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 73,003 shares of the company’s stock worth $2,314,000 after purchasing an additional 2,176 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in FOX by 4.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 66,022 shares of the company’s stock worth $1,878,000 after purchasing an additional 2,966 shares during the period. Hedge funds and other institutional investors own 24.93% of the company’s stock.
Insider Transactions at FOX
In other news, insider Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $33.62, for a total value of $3,362,000.00. Following the completion of the sale, the insider now owns 157,513 shares of the company’s stock, valued at $5,295,587.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 19.21% of the company’s stock.
FOX Stock Performance
FOX (NASDAQ:FOX – Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. FOX had a net margin of 8.31% and a return on equity of 16.98%. The company had revenue of $3.03 billion during the quarter. During the same period in the previous year, the company earned $0.74 EPS.
FOX Increases Dividend
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, August 30th will be given a $0.26 dividend. The ex-dividend date is Tuesday, August 29th. This represents a dividend yield of 1.6%. This is a positive change from FOX’s previous Semi-Annual dividend of $0.25. FOX’s dividend payout ratio is presently 22.41%.
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 and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.
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