Arlington Partners LLC Purchases 2,346 Shares of Fox Co. (NASDAQ:FOX)

Arlington Partners LLC raised its position in shares of Fox Co. (NASDAQ:FOX) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,854 shares of the company’s stock after acquiring an additional 2,346 shares during the quarter. Arlington Partners LLC’s holdings in FOX were worth $4,185,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of FOX in the 1st quarter worth approximately $1,711,000. Swedbank AB boosted its position in shares of FOX by 117.8% in the 2nd quarter. Swedbank AB now owns 145,711 shares of the company’s stock worth $4,666,000 after purchasing an additional 78,801 shares in the last quarter. AMF Tjanstepension AB bought a new stake in shares of FOX in the 2nd quarter worth approximately $7,690,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of FOX by 47.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 362,172 shares of the company’s stock worth $10,365,000 after purchasing an additional 116,218 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of FOX by 93.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 945,930 shares of the company’s stock worth $26,155,000 after purchasing an additional 456,546 shares in the last quarter. 26.41% of the stock is owned by institutional investors.

FOX Stock Performance

Shares of FOX stock traded down $0.34 during mid-day trading on Monday, reaching $38.63. 58,827 shares of the company’s stock traded hands, compared to its average volume of 1,093,106. Fox Co. has a 12 month low of $25.82 and a 12 month high of $39.32. The firm has a 50 day moving average price of $37.82 and a two-hundred day moving average price of $33.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. The firm has a market capitalization of $18.03 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81.

FOX (NASDAQ:FOX) last issued its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. FOX had a net margin of 10.74% and a return on equity of 15.57%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. On average, research analysts forecast that Fox Co. will post 3.59 EPS for the current year.

FOX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Wednesday, September 4th. This is an increase from FOX’s previous quarterly dividend of $0.26. FOX’s dividend payout ratio is 16.93%.

Insider Buying and Selling at FOX

In other 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 in the company, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Lachlan K. Murdoch acquired 119,705 shares of FOX stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, COO John Nallen sold 52,874 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $9,717,559.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

FOX has been the topic of a number of analyst reports. Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

FOX Company Profile

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.