Nomura Holdings Inc. Acquires 3,574,088 Shares of Fox Co. (NASDAQ:FOX)

Nomura Holdings Inc. raised its holdings in Fox Co. (NASDAQ:FOXGet Rating) by 101.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,096,358 shares of the company’s stock after buying an additional 3,574,088 shares during the period. FOX accounts for about 0.8% of Nomura Holdings Inc.’s portfolio, making the stock its 10th largest holding. Nomura Holdings Inc. owned about 1.26% of FOX worth $256,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CKW Financial Group increased its stake in shares of FOX by 300.0% during the 1st quarter. CKW Financial Group now owns 800 shares of the company’s stock worth $29,000 after purchasing an additional 600 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of FOX by 150.5% during the 1st quarter. First Horizon Advisors Inc. now owns 809 shares of the company’s stock worth $29,000 after purchasing an additional 486 shares during the last quarter. Eaton Vance Management increased its stake in shares of FOX by 13.0% during the 4th quarter. Eaton Vance Management now owns 2,716 shares of the company’s stock worth $40,000 after purchasing an additional 313 shares during the last quarter. FNY Investment Advisers LLC increased its stake in shares of FOX by 50.0% during the 1st quarter. FNY Investment Advisers LLC now owns 1,200 shares of the company’s stock worth $43,000 after purchasing an additional 400 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of FOX by 49.5% during the 1st quarter. Meeder Asset Management Inc. now owns 1,937 shares of the company’s stock worth $70,000 after purchasing an additional 641 shares during the last quarter. 23.91% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Performance

Shares of FOX stock opened at $31.10 on Wednesday. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 14.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.26 and a current ratio of 3.61. The company has a 50-day simple moving average of $31.69 and a 200 day simple moving average of $33.06. Fox Co. has a 52 week low of $28.96 and a 52 week high of $40.91.

FOX Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, August 31st will be issued a $0.25 dividend. The ex-dividend date is Tuesday, August 30th. This represents a yield of 1.5%. This is an increase from FOX’s previous Semi-Annual dividend of $0.24. FOX’s payout ratio is currently 23.70%.

Analyst Upgrades and Downgrades

FOX has been the topic of several recent analyst reports. Credit Suisse Group lowered their price objective on shares of FOX from $48.00 to $46.00 and set an “outperform” rating on the stock in a research note on Thursday, August 11th. Wolfe Research downgraded shares of FOX to a “peer perform” rating and reduced their target price for the stock from $52.00 to $39.00 in a report on Thursday, June 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.75.

FOX Profile

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Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through three segments: Cable Network Programming; Television; and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online multi-channel video programming distributors.

Further Reading

Institutional Ownership by Quarter for FOX (NASDAQ:FOX)

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