Fox Co. (NASDAQ:FOX) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its position in Fox Co. (NASDAQ:FOX) by 52.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,156 shares of the company’s stock after selling 18,640 shares during the period. Handelsbanken Fonder AB’s holdings in FOX were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FOX. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 purchasing an additional 163,458 shares during the period. UBS Group AG raised its position in FOX by 87.1% during the third quarter. UBS Group AG now owns 471,179 shares of the company’s stock worth $13,608,000 after acquiring an additional 219,315 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position 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 worth $8,675,000 after acquiring an additional 149,306 shares during the last quarter. Invesco Ltd. raised its position in FOX by 10.1% during the third quarter. Invesco Ltd. now owns 1,624,843 shares of the company’s stock worth $46,925,000 after acquiring an additional 148,588 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position 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 during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

FOX Stock Performance

Shares of FOX opened at $28.87 on Thursday. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. The stock has a market cap of $13.71 billion, a P/E ratio of 17.08 and a beta of 0.85. The company has a 50-day moving average of $27.85 and a two-hundred day moving average of $28.09. Fox Co. has a 12-month low of $25.82 and a 12-month high of $33.24.

FOX (NASDAQ:FOX) last issued its quarterly earnings results 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 quarter last year, the firm earned $0.48 earnings per share.

FOX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This is an increase from FOX’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.60%. FOX’s payout ratio is 30.77%.

About FOX

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.