Fox Co. (NASDAQ:FOX) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in Fox Co. (NASDAQ:FOX) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 204,508 shares of the company’s stock after selling 30,951 shares during the period. California Public Employees Retirement System’s holdings in FOX were worth $5,655,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Nomura Holdings Inc. raised its position in shares of FOX by 4.9% during the 3rd quarter. Nomura Holdings Inc. now owns 5,883,009 shares of the company’s stock valued at $169,901,000 after acquiring an additional 274,982 shares in the last quarter. Invesco Ltd. raised its position in shares of FOX by 10.1% during the 3rd quarter. Invesco Ltd. now owns 1,624,843 shares of the company’s stock valued at $46,925,000 after acquiring an additional 148,588 shares in the last quarter. CQS US LLC raised its position in shares of FOX by 4.5% during the 3rd quarter. CQS US LLC now owns 1,522,199 shares of the company’s stock valued at $43,961,000 after acquiring an additional 65,498 shares in the last quarter. Northern Trust Corp raised its position in shares of FOX by 12.4% during the 3rd quarter. Northern Trust Corp now owns 1,499,984 shares of the company’s stock valued at $43,320,000 after acquiring an additional 165,741 shares in the last quarter. Finally, Brandes Investment Partners LP raised its position in shares of FOX by 9.4% during the 3rd quarter. Brandes Investment Partners LP now owns 868,647 shares of the company’s stock valued at $25,087,000 after acquiring an additional 74,399 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

FOX Price Performance

Shares of NASDAQ FOX opened at $29.58 on Friday. Fox Co. has a 1-year low of $25.82 and a 1-year high of $33.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. The business’s fifty day moving average price is $27.92 and its two-hundred day moving average price is $28.09. The firm has a market capitalization of $14.05 billion, a PE ratio of 17.50 and a beta of 0.82.

FOX (NASDAQ:FOX) last issued its 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 firm had revenue of $4.23 billion for the quarter. During the same period in the prior year, the business earned $0.48 earnings per share.

FOX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were given a $0.26 dividend. The ex-dividend date was Tuesday, March 5th. This is a positive change from FOX’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 3.52%. FOX’s dividend payout ratio (DPR) is currently 30.77%.

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.