Allspring Global Investments Holdings LLC Raises Stake in Fox Co. (NASDAQ:FOX)

Allspring Global Investments Holdings LLC lifted its position in shares of Fox Co. (NASDAQ:FOX - Free Report) by 51.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,198 shares of the company's stock after acquiring an additional 163,458 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.10% of FOX worth $13,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG boosted its holdings in FOX by 87.1% in the third quarter. UBS Group AG now owns 471,179 shares of the company's stock worth $13,608,000 after purchasing an additional 219,315 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in FOX by 98.8% in 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 purchasing an additional 149,306 shares during the last quarter. Invesco Ltd. boosted its holdings in FOX by 10.1% in the third quarter. Invesco Ltd. now owns 1,624,843 shares of the company's stock worth $46,925,000 after purchasing an additional 148,588 shares during the last quarter. TD Asset Management Inc boosted its holdings in FOX by 8.7% in the third quarter. TD Asset Management Inc now owns 209,687 shares of the company's stock worth $6,056,000 after purchasing an additional 16,700 shares during the last quarter. Finally, Strs Ohio boosted its holdings in FOX by 42.3% in the third quarter. Strs Ohio now owns 92,523 shares of the company's stock worth $2,672,000 after purchasing an additional 27,526 shares during the last quarter. Institutional investors own 26.41% of the company's stock.

FOX Stock Performance

Shares of FOX stock traded up $0.03 on Tuesday, hitting $27.95. 1,172,855 shares of the company's stock were exchanged, compared to its average volume of 1,332,509. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. Fox Co. has a 1 year low of $25.82 and a 1 year high of $33.24. The company has a 50-day simple moving average of $27.60 and a 200-day simple moving average of $28.06. The stock has a market capitalization of $13.27 billion, a PE ratio of 16.52 and a beta of 0.85.

FOX (NASDAQ:FOX - Get Free Report) last released its 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. The company had revenue of $4.23 billion for the quarter. FOX had a net margin of 5.75% and a return on equity of 15.81%. During the same quarter last 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. Shareholders of record on Wednesday, March 6th were issued a $0.26 dividend. This is an increase from FOX's previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Tuesday, March 5th. FOX's payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

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

FOX 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.