2 weeks Ago By Defense World Staff
Brandes Investment Partners LP lifted its position in shares of Fox Co. ( NASDAQ:FOX – Free Report ) by 21.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 1,273,492 shares of the company’s stock after purchasing an additional 225,768 shares during the period. Brandes Investment Partners LP owned 0.27% of FOX worth $40,758,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in FOX by 692.
1% in the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock worth $45,000 after acquiring an additional 1,232 shares during the period.
Friedenthal Financial bought a new stake in shares of FOX in the 2nd quarter worth approximately $51,000. V Square Quantitative Management LLC grew its holdings in FOX by 20.8% during the fourth quarter.
V Square Quantitative Management LLC now owns 3,391 shares of the company’s stock valued at $94,000 after purchasing an additional 585 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of FOX in the first quarter valued at $97,000. Finally, GAMMA Investing LLC grew its stake in shares of FOX by 267.
9% during the 2nd quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock worth $113,000 after acquiring an additional 2,569 shares during the period. 26.
41% of the stock is currently owned by hedge funds and other institutional investors. Insider Transactions at FOX In other FOX news, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $38.
96, for a total value of $2,059,971.04. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $9,717,559.
04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . In other FOX news, COO John Nallen sold 52,874 shares of the firm’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 of the company’s stock, valued at approximately $9,717,559.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink .
Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $39.
06 per share, with a total value 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 disclosure for this purchase can be found here . Insiders own 19.
21% of the company’s stock. FOX Stock Performance FOX ( NASDAQ:FOX – Get Free Report ) last posted its earnings results 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.
FOX had a return on equity of 15.57% and a net margin of 10.74%.
The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.10 billion.
During the same quarter in the prior year, the business posted $0.88 earnings per share. On average, sell-side analysts anticipate that Fox Co.
will post 3.59 earnings per share for the current year. FOX Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th.
Stockholders of record on Wednesday, September 4th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, September 4th.
This is a boost from FOX’s previous quarterly dividend of $0.26. This represents a $1.
08 annualized dividend and a dividend yield of 2.78%. FOX’s dividend payout ratio is currently 16.
93%. Analyst Upgrades and Downgrades Separately, Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Read Our Latest Stock Report on FOX FOX Company Profile ( Free Report ) 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 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. Further Reading Five stocks we like better than FOX Stock Market Sectors: What Are They and How Many Are There? 3 Bargain Stocks Under $20 With Major Growth Potential What Are Dividend Champions? How to Invest in the Champions Top 5 ETFs to Own Now and Into 2025 Earnings Per Share Calculator: How to Calculate EPS Watch These 3 Former Short-Squeeze Stocks for a Big Rally Want to see what other hedge funds are holding FOX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Fox Co. ( NASDAQ:FOX – Free Report ). Receive News & Ratings for FOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FOX and related companies with MarketBeat.
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