Strs Ohio Has $2.43 Million Stock Holdings in Fox Co. (NASDAQ:FOX)

Strs Ohio reduced its stake in shares of Fox Co. (NASDAQ:FOX) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,956 shares of the company’s stock after selling 4,567 shares during the quarter. Strs Ohio’s holdings in FOX were worth $2,431,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in FOX by 51.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 481,198 shares of the company’s stock valued at $13,305,000 after acquiring an additional 163,458 shares during the last quarter. UBS Group AG lifted its position in shares of FOX by 87.1% during the 3rd quarter. UBS Group AG now owns 471,179 shares of the company’s stock worth $13,608,000 after buying an additional 219,315 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in FOX by 98.8% in 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. grew its position in FOX by 10.1% in the third 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 during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in FOX by 37.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 93,444 shares of the company’s stock worth $2,588,000 after acquiring an additional 25,298 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX Price Performance

Shares of NASDAQ:FOX opened at $28.87 on Friday. The company has a 50-day moving average price of $27.65 and a two-hundred day moving average price of $28.06. Fox Co. has a twelve month low of $25.82 and a twelve month high of $33.24. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $13.71 billion, a PE ratio of 17.08 and a beta of 0.85.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating 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 quarter in the prior year, the firm posted $0.48 earnings per share.

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 issued a dividend of $0.26 per share. This is a boost from FOX’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 3.60%. FOX’s dividend payout ratio is 30.77%.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded 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.