Fox Co. (NASDAQ:FOX) Position Decreased by Fifth Third Bancorp

Fifth Third Bancorp decreased its holdings in shares of Fox Co. (NASDAQ:FOX) by 28.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,093 shares of the company’s stock after selling 1,635 shares during the period. Fifth Third Bancorp’s holdings in FOX were worth $113,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FOX. UBS Group AG lifted its stake in FOX by 87.1% during the third quarter. UBS Group AG now owns 471,179 shares of the company’s stock valued at $13,608,000 after buying an additional 219,315 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in FOX by 98.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 300,383 shares of the company’s stock valued at $8,675,000 after buying an additional 149,306 shares in the last quarter. Invesco Ltd. lifted its stake in FOX by 10.1% during the third quarter. Invesco Ltd. now owns 1,624,843 shares of the company’s stock valued at $46,925,000 after buying an additional 148,588 shares in the last quarter. TD Asset Management Inc lifted its stake in FOX by 8.7% during the third quarter. TD Asset Management Inc now owns 209,687 shares of the company’s stock valued at $6,056,000 after buying an additional 16,700 shares in the last quarter. Finally, Strs Ohio lifted its stake in FOX by 42.3% during the third quarter. Strs Ohio now owns 92,523 shares of the company’s stock valued at $2,672,000 after buying an additional 27,526 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX Price Performance

FOX stock opened at $28.80 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. Fox Co. has a one year low of $25.82 and a one year high of $33.24. The firm has a market capitalization of $13.68 billion, a PE ratio of 17.04 and a beta of 0.85. The firm has a 50-day moving average of $27.74 and a two-hundred day moving average of $28.08.

FOX (NASDAQ:FOX) last posted its quarterly 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 net margin of 5.75% and a return on equity of 15.81%. During the same period last year, the company earned $0.48 earnings per share.

FOX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.61%. This is a positive change from FOX’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 5th. FOX’s dividend payout ratio is 30.77%.

Analyst Ratings Changes

Separately, TheStreet lowered 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.