Public Employees Retirement System of Ohio Boosts Stake in Fox Corporation $FOX

Public Employees Retirement System of Ohio lifted its stake in Fox Corporation (NASDAQ:FOX) by 7.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,282 shares of the company’s stock after purchasing an additional 3,413 shares during the period. Public Employees Retirement System of Ohio’s holdings in FOX were worth $2,699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in FOX by 82.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,355 shares of the company’s stock worth $1,126,000 after buying an additional 9,669 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of FOX by 24.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,449 shares of the company’s stock valued at $287,000 after acquiring an additional 1,060 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of FOX by 13.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 43,126 shares of the company’s stock worth $2,273,000 after purchasing an additional 5,089 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of FOX during the first quarter worth about $360,000. Finally, KBC Group NV grew its position in shares of FOX by 35.8% during the first quarter. KBC Group NV now owns 34,095 shares of the company’s stock worth $1,797,000 after purchasing an additional 8,987 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Performance

NASDAQ:FOX opened at $55.95 on Thursday. The company has a current ratio of 2.91, a quick ratio of 2.76 and a debt-to-equity ratio of 0.55. Fox Corporation has a 12-month low of $37.88 and a 12-month high of $59.29. The stock has a 50-day moving average price of $53.38 and a 200 day moving average price of $50.66. The stock has a market capitalization of $24.93 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.41 and a beta of 0.59.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.24. FOX had a return on equity of 18.86% and a net margin of 13.88%.The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Equities research analysts forecast that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The firm also recently announced a half year 25 dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 3rd. FOX’s dividend payout ratio (DPR) is currently 11.41%.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.