Daiwa Securities Group Inc. Has $463,000 Holdings in Fox Co. (NASDAQ:FOX)

Daiwa Securities Group Inc. increased its holdings in Fox Co. (NASDAQ:FOX) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,727 shares of the company’s stock after acquiring 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 quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in FOX in the 3rd quarter valued at about $25,000. Allworth Financial LP increased its stake in FOX by 176.5% in the 4th quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock valued at $28,000 after buying an additional 639 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in FOX in the 4th quarter valued at about $74,000. V Square Quantitative Management LLC increased its stake in FOX by 227.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,806 shares of the company’s stock valued at $81,000 after buying an additional 1,948 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its stake in FOX by 6.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 7,083 shares of the company’s stock valued at $205,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Trading Down 1.5 %

Shares of FOX stock opened at $28.81 on Friday. The company has a 50 day moving average of $27.77 and a 200-day 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 Co. has a 12-month low of $25.82 and a 12-month high of $33.24. The firm has a market cap of $13.68 billion, a P/E ratio of 17.05 and a beta of 0.85.

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

FOX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.61%. This is an increase from FOX’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 30.77%.

Analyst Ratings Changes

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

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.