Bank of America Corp DE Has $29.53 Million Holdings in Fox Co. (NASDAQ:FOX)

Bank of America Corp DE reduced its position in Fox Co. (NASDAQ:FOX - Free Report) by 47.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 645,554 shares of the company's stock after selling 587,580 shares during the period. Bank of America Corp DE owned about 0.14% of FOX worth $29,528,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Yousif Capital Management LLC lifted its position in FOX by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock worth $874,000 after acquiring an additional 212 shares during the last quarter. iA Global Asset Management Inc. lifted its position in FOX by 5.4% during the fourth quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock worth $311,000 after acquiring an additional 350 shares during the last quarter. Principal Securities Inc. lifted its position in FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after acquiring an additional 362 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after acquiring an additional 522 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in FOX by 1.4% during the fourth quarter. Arizona State Retirement System now owns 41,054 shares of the company's stock worth $1,878,000 after acquiring an additional 557 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Performance

FOX stock traded down $0.08 during mid-day trading on Friday, hitting $50.43. 893,177 shares of the company were exchanged, compared to its average volume of 1,253,123. The business has a 50 day simple moving average of $47.90 and a 200-day simple moving average of $47.53. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $22.67 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. Fox Co. has a 1-year low of $30.51 and a 1-year high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.14. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.19 billion. On average, equities analysts forecast that Fox Co. will post 4.25 earnings per share for the current year.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.