Fox Co. (NASDAQ:FOX) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Fox Co. (NASDAQ:FOX) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 403,340 shares of the company’s stock after acquiring an additional 1,670 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.08% of FOX worth $11,152,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FOX. New Mexico Educational Retirement Board increased its position in shares of FOX by 6.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 7,083 shares of the company’s stock worth $205,000 after purchasing an additional 400 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in FOX by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 88,783 shares of the company’s stock worth $2,564,000 after purchasing an additional 401 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in FOX by 1.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,908 shares of the company’s stock valued at $777,000 after buying an additional 426 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in FOX by 1.8% during the third quarter. PNC Financial Services Group Inc. now owns 30,570 shares of the company’s stock valued at $883,000 after buying an additional 549 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in FOX by 1.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 61,393 shares of the company’s stock worth $1,773,000 after buying an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

FOX Trading Up 0.3 %

Shares of NASDAQ FOX opened at $28.97 on Tuesday. Fox Co. has a 12-month low of $25.82 and a 12-month high of $33.24. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 17.14 and a beta of 0.85. 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’s 50 day simple moving average is $27.67 and its 200 day simple moving average is $28.07.

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

FOX Increases Dividend

The firm 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.59%. This is a positive change from FOX’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 5th. FOX’s dividend payout ratio (DPR) 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.