Fox Co. (NASDAQ:FOX) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Fox Co. (NASDAQ:FOX) by 377.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,678 shares of the company’s stock after acquiring an additional 284,353 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FOX were worth $9,945,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FOX. Headlands Technologies LLC purchased a new position in shares of FOX in the 3rd quarter valued at about $25,000. Allworth Financial LP lifted its stake in FOX by 176.5% during the fourth quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock worth $28,000 after purchasing an additional 639 shares during the last quarter. Harbour Investments Inc. boosted its holdings in FOX by 7,200.0% in the third quarter. Harbour Investments Inc. now owns 1,022 shares of the company’s stock valued at $30,000 after purchasing an additional 1,008 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in FOX in the second quarter valued at approximately $32,000. Finally, Ensign Peak Advisors Inc raised its holdings in FOX by 89.5% during the third quarter. Ensign Peak Advisors Inc now owns 2,117 shares of the company’s stock worth $60,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analysts Set New Price Targets

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

FOX Price Performance

Shares of FOX opened at $28.87 on Friday. The firm has a fifty day moving average price of $27.65 and a 200 day moving average price of $28.06. The stock has a market cap of $13.71 billion, a PE ratio of 17.08 and a beta of 0.85. Fox Co. has a 1-year low of $25.82 and a 1-year high of $33.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01.

FOX (NASDAQ:FOX) last posted its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.23. The business had revenue of $4.23 billion during the quarter. FOX had a return on equity of 15.81% and a net margin of 5.75%. During the same period in the previous year, the firm posted $0.48 earnings per share.

FOX Increases Dividend

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