Allspring Global Investments Holdings LLC Acquires 163,458 Shares of Fox Co. (NASDAQ:FOX)

Allspring Global Investments Holdings LLC increased its stake in shares of Fox Co. (NASDAQ:FOX) by 51.4% during the fourth quarter, HoldingsChannel reports. The fund owned 481,198 shares of the company’s stock after acquiring an additional 163,458 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in FOX were worth $13,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in shares of FOX in the 4th quarter worth approximately $74,000. DekaBank Deutsche Girozentrale raised its stake in shares of FOX by 3.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 36,235 shares of the company’s stock valued at $985,000 after purchasing an additional 1,041 shares in the last quarter. Allworth Financial LP lifted its position in FOX by 176.5% in the fourth quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock worth $28,000 after purchasing an additional 639 shares during the period. Asset Management One Co. Ltd. boosted its stake in FOX by 37.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 93,444 shares of the company’s stock worth $2,588,000 after buying an additional 25,298 shares in the last quarter. Finally, F&V Capital Management LLC boosted its stake in FOX by 1.6% during the fourth quarter. F&V Capital Management LLC now owns 268,785 shares of the company’s stock worth $7,432,000 after buying an additional 4,200 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Performance

NASDAQ:FOX opened at $27.92 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $27.60 and a 200 day moving average price of $28.06. The firm has a market capitalization of $13.26 billion, a PE ratio of 16.52 and a beta of 0.85. Fox Co. has a 12-month low of $25.82 and a 12-month high of $33.24.

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. The business had revenue of $4.23 billion during the quarter. FOX had a return on equity of 15.81% and a net margin of 5.75%. During the same period in the previous year, the company posted $0.48 earnings per share.

FOX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This is a boost from FOX’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.72%. FOX’s dividend payout ratio (DPR) is presently 30.77%.

Analyst Ratings Changes

Separately, TheStreet cut shares of FOX from a “b-” rating to a “c” rating in a research note 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.