Fox Co. (NASDAQ:FOX) Shares Purchased by Pullen Investment Management LLC

Pullen Investment Management LLC increased its holdings in Fox Co. (NASDAQ:FOX) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,283 shares of the company’s stock after purchasing an additional 802 shares during the quarter. FOX accounts for about 1.4% of Pullen Investment Management LLC’s holdings, making the stock its 21st largest holding. Pullen Investment Management LLC’s holdings in FOX were worth $1,873,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FOX. DekaBank Deutsche Girozentrale lifted its position in shares of FOX by 74.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 46,471 shares of the company’s stock valued at $1,773,000 after buying an additional 19,832 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in FOX by 28.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,010 shares of the company’s stock valued at $505,000 after purchasing an additional 2,892 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of FOX by 42.0% in the third quarter. IFM Investors Pty Ltd now owns 29,053 shares of the company’s stock valued at $1,127,000 after purchasing an additional 8,599 shares during the period. Hartford Investment Management Co. increased its stake in shares of FOX by 10.9% during the third quarter. Hartford Investment Management Co. now owns 9,048 shares of the company’s stock worth $351,000 after purchasing an additional 891 shares in the last quarter. Finally, Arlington Partners LLC raised its position in shares of FOX by 2.2% during the 3rd quarter. Arlington Partners LLC now owns 107,854 shares of the company’s stock worth $4,185,000 after purchasing an additional 2,346 shares during the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Stock Performance

FOX opened at $38.35 on Friday. Fox Co. has a twelve month low of $25.82 and a twelve month high of $39.32. The firm has a market capitalization of $17.65 billion, a PE ratio of 12.25, a PEG ratio of 2.02 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. The firm’s 50-day moving average price is $38.03 and its 200 day moving average price is $34.09.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $3.09 billion during 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 business earned $0.88 earnings per share. As a group, sell-side analysts expect that Fox Co. will post 3.59 EPS for the current fiscal year.

FOX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.82%. This is a positive change from FOX’s previous quarterly dividend of $0.26. FOX’s dividend payout ratio is currently 17.25%.

Insider Buying and Selling

In other news, CEO Lachlan K. Murdoch bought 119,705 shares of the firm’s 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 of the company’s stock, valued at $42,044,457.42. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at 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 price of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the transaction, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, COO John Nallen sold 52,874 shares of the stock in a transaction on 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 transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FOX shares. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Barclays upgraded FOX to a “hold” rating in a research report on Wednesday, October 9th.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.