Yousif Capital Management LLC Cuts Stake in Fox Co. (NASDAQ:FOX)

Yousif Capital Management LLC reduced its position in shares of Fox Co. (NASDAQ:FOX) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,408 shares of the company’s stock after selling 946 shares during the quarter. Yousif Capital Management LLC’s holdings in FOX were worth $564,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in FOX in the 3rd quarter worth about $25,000. Allworth Financial LP raised its holdings in shares of FOX by 176.5% during the fourth quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock valued at $28,000 after purchasing an additional 639 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in FOX by 286.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company’s stock valued at $32,000 after purchasing an additional 860 shares during the period. GAMMA Investing LLC purchased a new stake in FOX in the fourth quarter worth approximately $54,000. Finally, CWM LLC grew its position in FOX by 27.9% in the 4th quarter. CWM LLC now owns 2,486 shares of the company’s stock worth $69,000 after purchasing an additional 543 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Up 1.1 %

FOX stock opened at $29.58 on Monday. The business’s 50-day moving average is $27.92 and its two-hundred day moving average is $28.09. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 17.50 and a beta of 0.82. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $33.24. 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 issued its quarterly earnings data 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. The firm had revenue of $4.23 billion for the quarter. FOX had a net margin of 5.75% and a return on equity of 15.81%. During the same quarter last year, the company earned $0.48 EPS.

FOX Increases Dividend

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

Analysts Set New Price Targets

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

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.