Daiwa Securities Group Inc. Purchases 1,116 Shares of Fox Co. (NASDAQ:FOX)

Daiwa Securities Group Inc. increased its position in shares of Fox Co. (NASDAQ:FOX) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,727 shares of the company’s stock after purchasing an additional 1,116 shares during the period. Daiwa Securities Group Inc.’s holdings in FOX were worth $463,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in FOX by 51.4% during 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 in the last quarter. UBS Group AG grew its stake in shares of FOX by 87.1% in 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of FOX by 98.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 300,383 shares of the company’s stock worth $8,675,000 after buying an additional 149,306 shares in the last quarter. Invesco Ltd. grew its stake in shares of FOX by 10.1% in the 3rd quarter. Invesco Ltd. now owns 1,624,843 shares of the company’s stock worth $46,925,000 after buying an additional 148,588 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of FOX by 37.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 93,444 shares of the company’s stock worth $2,588,000 after buying an additional 25,298 shares in the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FOX Stock Performance

Shares of NASDAQ:FOX opened at $28.81 on Friday. Fox Co. has a 52 week low of $25.82 and a 52 week high of $33.24. The stock has a market capitalization of $13.68 billion, a P/E ratio of 17.05 and a beta of 0.85. The firm has a fifty day simple moving average of $27.77 and a two-hundred day simple moving average of $28.09. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70.

FOX (NASDAQ:FOX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 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 in the previous year, the business earned $0.48 earnings per share.

FOX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.61%. The ex-dividend date 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 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.