Raymond James & Associates Sells 4,929 Shares of Fox Co. (NASDAQ:FOX)

Raymond James & Associates lowered its stake in shares of Fox Co. (NASDAQ:FOX) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,354 shares of the company’s stock after selling 4,929 shares during the quarter. Raymond James & Associates’ holdings in FOX were worth $369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FOX. UBS Group AG boosted its stake 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 buying an additional 219,315 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake 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 buying an additional 149,306 shares in the last quarter. Invesco Ltd. boosted its stake 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 buying an additional 148,588 shares in the last quarter. TD Asset Management Inc boosted its stake in FOX by 8.7% during the third quarter. TD Asset Management Inc now owns 209,687 shares of the company’s stock worth $6,056,000 after buying an additional 16,700 shares in the last quarter. Finally, Strs Ohio boosted its stake in FOX by 42.3% during the third quarter. Strs Ohio now owns 92,523 shares of the company’s stock worth $2,672,000 after buying an additional 27,526 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

Analysts Set New Price Targets

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

FOX Stock Down 1.5 %

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 company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The company’s fifty day moving average is $27.77 and its 200-day moving average is $28.09. The company has a market capitalization of $13.68 billion, a PE ratio of 17.05 and a beta of 0.85.

FOX (NASDAQ:FOX) last issued its earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, beating 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 for the quarter. During the same quarter in the prior year, the firm posted $0.48 EPS.

FOX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were given a dividend of $0.26 per share. This is an increase from FOX’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 5th. This represents a $1.04 annualized dividend and a yield of 3.61%. FOX’s dividend payout ratio 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.