Fox Co. (NASDAQ:FOX) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in Fox Co. (NASDAQ:FOX) by 37.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,444 shares of the company’s stock after acquiring an additional 25,298 shares during the quarter. Asset Management One Co. Ltd.’s holdings in FOX were worth $2,588,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. F&V Capital Management LLC boosted its stake in shares of FOX by 1.6% during the 4th quarter. F&V Capital Management LLC now owns 268,785 shares of the company’s stock worth $7,432,000 after acquiring an additional 4,200 shares in the last quarter. SG Americas Securities LLC grew its holdings in FOX by 186.8% in the fourth quarter. SG Americas Securities LLC now owns 18,111 shares of the company’s stock valued at $501,000 after purchasing an additional 11,797 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of FOX by 1.0% in the third quarter. Public Employees Retirement System of Ohio now owns 61,393 shares of the company’s stock valued at $1,773,000 after buying an additional 613 shares in the last quarter. Graham Capital Management L.P. acquired a new position in shares of FOX during the 3rd quarter worth $241,000. Finally, Comerica Bank purchased a new stake in shares of FOX in the 3rd quarter worth about $500,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FOX Trading Down 2.1 %

Shares of FOX opened at $27.66 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. 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 $13.14 billion, a price-to-earnings ratio of 16.37 and a beta of 0.85. The firm has a 50 day simple moving average of $27.63 and a 200-day simple moving average of $28.08.

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

FOX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were paid a $0.26 dividend. This is an increase from FOX’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.04 annualized dividend and a yield of 3.76%. FOX’s payout ratio is presently 30.77%.

FOX Profile

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.