Cubist Systematic Strategies LLC Increases Stock Holdings in Fox Co. (NASDAQ:FOX)

Cubist Systematic Strategies LLC boosted its position in shares of Fox Co. (NASDAQ:FOX – Get Rating) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,800 shares of the company’s stock after purchasing an additional 9,290 shares during the period. Cubist Systematic Strategies LLC’s holdings in FOX were worth $3,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of FOX by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 17,559,426 shares of the company’s stock worth $637,056,000 after purchasing an additional 506,637 shares during the last quarter. BlackRock Inc. boosted its stake in FOX by 1.5% during the first quarter. BlackRock Inc. now owns 11,544,874 shares of the company’s stock worth $418,847,000 after buying an additional 168,261 shares during the period. State Street Corp increased its position in shares of FOX by 3.1% during the first quarter. State Street Corp now owns 7,726,734 shares of the company’s stock valued at $280,326,000 after acquiring an additional 230,720 shares during the last quarter. Nomura Holdings Inc. raised its stake in shares of FOX by 2.0% in the 2nd quarter. Nomura Holdings Inc. now owns 7,239,962 shares of the company’s stock valued at $220,834,000 after acquiring an additional 143,604 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of FOX by 100.9% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,694,454 shares of the company’s stock worth $48,292,000 after acquiring an additional 851,054 shares during the last quarter. 23.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FOX

In related news, insider Viet D. Dinh sold 72,207 shares of FOX stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $35.91, for a total value of $2,592,953.37. Following the completion of the transaction, the insider now owns 49,384 shares in the company, valued at $1,773,379.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 19.21% of the company’s stock.

FOX Stock Performance

NASDAQ:FOX opened at $32.20 on Monday. The stock has a market capitalization of $17.21 billion, a P/E ratio of 11.79 and a beta of 0.91. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.86 and a current ratio of 3.37. Fox Co. has a fifty-two week low of $26.35 and a fifty-two week high of $39.31. The company has a 50 day moving average price of $31.28 and a 200 day moving average price of $30.12.

FOX (NASDAQ:FOX – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The business had revenue of $4.61 billion during the quarter. FOX had a return on equity of 15.71% and a net margin of 10.55%. During the same quarter in the prior year, the business earned $0.13 earnings per share.

FOX Announces Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 28th. This represents a yield of 1.5%. FOX’s dividend payout ratio (DPR) is presently 18.32%.

About FOX

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Fox Corp. delivers news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors.