State of Alaska Department of Revenue Sells 1,430 Shares of Fox Co. (NASDAQ:FOX)

State of Alaska Department of Revenue decreased its position in Fox Co. (NASDAQ:FOX) by 4.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,274 shares of the company’s stock after selling 1,430 shares during the quarter. State of Alaska Department of Revenue’s holdings in FOX were worth $919,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in FOX by 14.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,776 shares of the company’s stock valued at $89,000 after acquiring an additional 358 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in FOX by 0.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 126,123 shares of the company’s stock worth $3,588,000 after buying an additional 367 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in FOX by 6.0% during the third quarter. New Mexico Educational Retirement Board now owns 7,083 shares of the company’s stock worth $205,000 after buying an additional 400 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in FOX by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 88,783 shares of the company’s stock worth $2,564,000 after buying an additional 401 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in FOX by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 20,220 shares of the company’s stock worth $733,000 after buying an additional 411 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX Price Performance

Shares of FOX opened at $28.80 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. Fox Co. has a 1 year low of $25.82 and a 1 year high of $33.24. The stock has a market cap of $13.68 billion, a P/E ratio of 17.04 and a beta of 0.85. The stock’s 50-day moving average price is $27.74 and its two-hundred day moving average price is $28.08.

FOX (NASDAQ:FOX) last issued its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.23. FOX had a return on equity of 15.81% and a net margin of 5.75%. The firm had revenue of $4.23 billion for the quarter. During the same quarter last year, the business posted $0.48 EPS.

FOX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Tuesday, March 5th. This is a boost from FOX’s previous quarterly dividend of $0.24. FOX’s payout ratio is 30.77%.

Analyst Ratings Changes

Separately, TheStreet cut FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th.

About FOX

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.