Fox Co. (NASDAQ:FOX) Stake Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in shares of Fox Co. (NASDAQ:FOX) by 8.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,875,844 shares of the company’s stock after selling 176,278 shares during the period. Assenagon Asset Management S.A. owned about 0.40% of FOX worth $72,783,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Royal London Asset Management Ltd. lifted its holdings in FOX by 0.7% in the 2nd quarter. Royal London Asset Management Ltd. now owns 52,054 shares of the company’s stock worth $1,667,000 after purchasing an additional 367 shares during the last quarter. MBB Public Markets I LLC grew its holdings in shares of FOX by 4.4% during the 2nd quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock worth $337,000 after purchasing an additional 440 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in FOX by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock valued at $417,000 after buying an additional 457 shares during the period. State of Michigan Retirement System raised its position 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 in the last quarter. Finally, iA Global Asset Management Inc. lifted 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 buying an additional 731 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at FOX

In other FOX news, COO John Nallen sold 52,874 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $9,717,559.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Lachlan K. Murdoch acquired 119,705 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average price 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 approximately $42,044,457.42. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Nallen sold 52,874 shares of the company’s 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 sale, the chief operating officer now owns 249,424 shares in the company, valued at $9,717,559.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 19.21% of the stock is owned by insiders.

FOX Trading Down 0.2 %

FOX stock traded down $0.07 during midday trading on Thursday, hitting $38.34. 99,474 shares of the company’s stock were exchanged, compared to its average volume of 1,085,209. The stock’s fifty day moving average price is $37.95 and its 200-day moving average price is $33.96. Fox Co. has a one year low of $25.82 and a one year high of $39.32. 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 company has a market cap of $17.89 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81.

FOX (NASDAQ:FOX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The company 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 in the prior year, the firm earned $0.88 earnings per share. Research analysts predict that Fox Co. will post 3.59 earnings per share for the current fiscal 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 issued a $0.27 dividend. 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. The ex-dividend date was Wednesday, September 4th. FOX’s payout ratio is 16.93%.

FOX 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.