Zurcher Kantonalbank Zurich Cantonalbank Acquires 284,353 Shares of Fox Co. (NASDAQ:FOX)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Fox Co. (NASDAQ:FOX) by 377.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,678 shares of the company’s stock after buying an additional 284,353 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of FOX worth $9,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in FOX in the 3rd quarter valued at $25,000. UniSuper Management Pty Ltd bought a new stake in shares of FOX in the second quarter worth about $32,000. Allworth Financial LP lifted its position in shares of FOX by 176.5% in the fourth quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock worth $28,000 after buying an additional 639 shares in the last quarter. Harbour Investments Inc. boosted its stake in FOX by 7,200.0% during the third quarter. Harbour Investments Inc. now owns 1,022 shares of the company’s stock valued at $30,000 after buying an additional 1,008 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in FOX by 89.5% during the 3rd quarter. Ensign Peak Advisors Inc now owns 2,117 shares of the company’s stock valued at $60,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet cut FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th.

FOX Stock Performance

Shares of NASDAQ:FOX opened at $28.87 on Friday. The firm has a fifty day simple moving average of $27.65 and a two-hundred day simple moving average of $28.06. Fox Co. has a 52 week low of $25.82 and a 52 week high of $33.24. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $13.71 billion, a P/E ratio of 17.08 and a beta of 0.85.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 during the quarter. During the same quarter in the prior year, the business posted $0.48 EPS.

FOX Increases Dividend

The business 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 annualized dividend and a dividend yield of 3.60%. This is an increase from FOX’s previous quarterly dividend of $0.24. FOX’s payout ratio is currently 30.77%.

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.