Nisa Investment Advisors LLC Trims Stock Holdings in Fox Co. (NASDAQ:FOX)

Nisa Investment Advisors LLC lessened its stake in shares of Fox Co. (NASDAQ:FOX) by 32.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,451 shares of the company’s stock after selling 3,079 shares during the quarter. Nisa Investment Advisors LLC’s holdings in FOX were worth $178,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FOX. PNC Financial Services Group Inc. raised its stake in shares of 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 purchasing an additional 411 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of FOX by 12.7% during the first quarter. Natixis Advisors L.P. now owns 14,495 shares of the company’s stock worth $526,000 after purchasing an additional 1,635 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of FOX by 22.2% during the first quarter. MetLife Investment Management LLC now owns 39,717 shares of the company’s stock worth $1,441,000 after purchasing an additional 7,228 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of FOX by 39.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,978 shares of the company’s stock worth $2,249,000 after purchasing an additional 17,416 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of 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 purchasing an additional 168,261 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

FOX Trading Up 2.1 %

Shares of FOX stock opened at $28.87 on Friday. The business’s fifty day moving average price is $27.65 and its 200 day moving average price is $28.06. Fox Co. has a 1-year low of $25.82 and a 1-year high of $33.24. The firm has a market capitalization of $13.71 billion, a PE ratio of 17.08 and a beta of 0.85. 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 (NASDAQ:FOX) last announced 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. 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 period in the prior year, the company earned $0.48 EPS.

FOX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Tuesday, March 5th. This is a positive change from FOX’s previous quarterly dividend of $0.24. FOX’s dividend payout ratio is currently 30.77%.

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.