Allworth Financial LP Grows Stock Position in Fox Co. (NASDAQ:FOX)

Allworth Financial LP increased its holdings in Fox Co. (NASDAQ:FOX) by 176.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,001 shares of the company’s stock after purchasing an additional 639 shares during the quarter. Allworth Financial LP’s holdings in FOX were worth $28,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of FOX by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 17,559,426 shares of the company’s stock valued at $637,056,000 after acquiring an additional 506,637 shares during the period. BlackRock Inc. lifted its stake in FOX by 16.3% during the second quarter. BlackRock Inc. now owns 12,568,712 shares of the company’s stock worth $400,816,000 after purchasing an additional 1,758,998 shares in the last quarter. State Street Corp lifted its stake in FOX by 3.4% during the second quarter. State Street Corp now owns 7,807,351 shares of the company’s stock worth $248,976,000 after purchasing an additional 253,490 shares in the last quarter. Nomura Holdings Inc. boosted its position in shares of FOX by 4.9% during the third quarter. Nomura Holdings Inc. now owns 5,883,009 shares of the company’s stock worth $169,901,000 after buying an additional 274,982 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of FOX by 0.7% in the first quarter. Geode Capital Management LLC now owns 2,886,758 shares of the company’s stock valued at $90,227,000 after buying an additional 20,953 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Trading Down 2.1 %

Shares of FOX stock opened at $27.66 on Monday. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $33.24. The company has a 50 day moving average price of $27.63 and a 200 day moving average price of $28.07. The stock has a market capitalization of $13.14 billion, a P/E ratio of 16.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29.

FOX (NASDAQ:FOX) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.23. The business had revenue of $4.23 billion for the quarter. FOX had a return on equity of 15.81% and a net margin of 5.75%. During the same period in the prior year, the company 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.76%. This is a positive change from FOX’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 5th. FOX’s dividend payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

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

FOX Company 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.