1,796 Shares in Fox Co. (NASDAQ:FOX) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in Fox Co. (NASDAQ:FOX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,796 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds also recently added to or reduced their stakes in the company. QRG Capital Management Inc. purchased a new position in shares of FOX during the third quarter worth $10,366,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of FOX by 377.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 359,678 shares of the company’s stock worth $9,945,000 after buying an additional 284,353 shares during the period. Nomura Holdings Inc. boosted its position in shares of FOX by 4.9% during the third quarter. Nomura Holdings Inc. now owns 5,883,009 shares of the company’s stock worth $169,901,000 after buying an additional 274,982 shares during the period. UBS Group AG boosted its position in shares of 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 during the period. Finally, Bank of Nova Scotia boosted its position in shares of FOX by 208.7% during the third quarter. Bank of Nova Scotia now owns 253,398 shares of the company’s stock worth $7,318,000 after buying an additional 171,320 shares during the period. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Up 0.7 %

NASDAQ:FOX opened at $28.87 on Thursday. The firm has a market cap of $13.71 billion, a PE ratio of 17.08 and a beta of 0.85. The stock has a fifty day moving average price of $27.85 and a 200 day moving average price of $28.09. Fox Co. has a 12-month low of $25.82 and a 12-month high of $33.24. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70.

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

FOX Increases Dividend

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

Analysts Set New Price Targets

Separately, TheStreet lowered FOX from a “b-” rating to a “c” rating in a report 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.