PNC Financial Services Group Inc. grew its holdings in shares of Fox Co. (NASDAQ:FOX – Free Report) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,570 shares of the company’s stock after buying an additional 549 shares during the period. PNC Financial Services Group Inc.’s holdings in FOX were worth $883,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of FOX. O Shaughnessy Asset Management LLC grew its stake in FOX by 191.3% in the second quarter. O Shaughnessy Asset Management LLC now owns 772 shares of the company’s stock worth $25,000 after purchasing an additional 507 shares during the period. Headlands Technologies LLC bought a new stake in FOX in the third quarter worth $25,000. Penserra Capital Management LLC boosted its holdings in FOX by 2,920.0% in the second quarter. Penserra Capital Management LLC now owns 906 shares of the company’s stock worth $27,000 after acquiring an additional 876 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in FOX in the second quarter worth $32,000. Finally, CWM LLC boosted its holdings in FOX by 32.2% in the second quarter. CWM LLC now owns 1,652 shares of the company’s stock worth $53,000 after acquiring an additional 402 shares in the last quarter. 24.56% of the stock is currently owned by institutional investors.
FOX Trading Up 1.0 %
Shares of NASDAQ:FOX opened at $27.68 on Monday. The company has a market cap of $13.14 billion, a P/E ratio of 16.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. Fox Co. has a 1 year low of $26.20 and a 1 year high of $33.36. The stock’s fifty day moving average price is $28.32 and its 200-day moving average price is $28.66.
FOX (NASDAQ:FOX – Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.23. The firm had revenue of $4.23 billion for the quarter. FOX had a return on equity of 15.81% and a net margin of 5.75%. During the same period in the previous year, the company earned $0.48 earnings per share.
FOX Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Tuesday, March 5th. This is a positive change from FOX’s previous quarterly dividend of $0.24. FOX’s payout ratio is 30.77%.
Wall Street Analysts Forecast Growth
Separately, TheStreet downgraded FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th.
Get Our Latest Research Report on FOX
Insider Buying and Selling at FOX
In other FOX news, Chairman Keith Rupert Murdoch sold 194,691 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $29.57, for a total transaction of $5,757,012.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.21% of the company’s stock.
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.
Recommended Stories
Receive News & Ratings for FOX Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for FOX and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: americanbankingnews.com
