E. Ohman J or Asset Management AB Has $372,000 Stock Position in Fox Co. (NASDAQ:FOX)

E. Ohman J or Asset Management AB increased its position in shares of Fox Co. (NASDAQ:FOX) by 69.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,140 shares of the company’s stock after acquiring an additional 3,340 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in FOX were worth $372,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in FOX by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after acquiring an additional 300 shares in the last quarter. Glenmede Trust Co. NA grew its position in FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake 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. Nomura Asset Management Co. Ltd. lifted its position in FOX by 0.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company’s stock worth $2,981,000 after buying an additional 538 shares in the last quarter. Finally, Pullen Investment Management LLC boosted its stake in shares of FOX by 1.7% during the 3rd quarter. Pullen Investment Management LLC now owns 48,283 shares of the company’s stock valued at $1,873,000 after buying an additional 802 shares during the period. Hedge funds and other institutional investors own 26.41% of the company’s stock.

FOX Trading Down 1.6 %

Shares of NASDAQ FOX opened at $50.46 on Friday. The business has a 50 day simple moving average of $46.24 and a 200 day simple moving average of $41.20. Fox Co. has a 52 week low of $25.82 and a 52 week high of $52.54. The stock has a market cap of $23.05 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

FOX (NASDAQ:FOX) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.61 by $0.35. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same period in the prior year, the business earned $0.34 earnings per share. On average, research analysts predict that Fox Co. will post 3.91 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.14%. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Analyst Upgrades and Downgrades

Separately, Moffett Nathanson lowered FOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Insider Activity

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction of $35,521,075.68. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by insiders.

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.