Fox Co. (NASDAQ:FOX) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in Fox Co. (NASDAQ:FOX) by 51.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 481,198 shares of the company’s stock after buying an additional 163,458 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of FOX worth $13,305,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Headlands Technologies LLC acquired a new position in shares of FOX during the third quarter valued at $25,000. UniSuper Management Pty Ltd bought a new stake in FOX in the 2nd quarter valued at about $32,000. Allworth Financial LP boosted its stake in FOX by 176.5% during the 4th 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 period. Harbour Investments Inc. grew its position in FOX by 7,200.0% in the 3rd quarter. Harbour Investments Inc. now owns 1,022 shares of the company’s stock worth $30,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its stake in shares of FOX by 89.5% in the third quarter. Ensign Peak Advisors Inc now owns 2,117 shares of the company’s stock valued at $60,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 26.41% of the company’s stock.

Wall Street Analyst Weigh In

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

FOX Trading Up 0.9 %

Shares of FOX stock opened at $27.92 on Tuesday. 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 $13.26 billion, a PE ratio of 16.52 and a beta of 0.85. The stock has a fifty day moving average of $27.60 and a two-hundred day moving average of $28.06. 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 posted 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 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 in the previous year, the company earned $0.48 EPS.

FOX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.72%. 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 (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.