Alaska Permanent Fund Corp Acquires Shares of 15,603 Fox Co. (NASDAQ:FOX)

Alaska Permanent Fund Corp bought a new stake in Fox Co. (NASDAQ:FOX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,603 shares of the company’s stock, valued at approximately $431,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of FOX during the fourth quarter worth about $54,000. CWM LLC boosted its stake in shares of FOX by 27.9% in the fourth quarter. CWM LLC now owns 2,486 shares of the company’s stock valued at $69,000 after buying an additional 543 shares in the last quarter. abrdn plc boosted its stake in shares of FOX by 69.2% in the fourth quarter. abrdn plc now owns 56,137 shares of the company’s stock valued at $1,552,000 after buying an additional 22,956 shares in the last quarter. Federated Hermes Inc. grew its holdings in FOX by 148.7% during the fourth quarter. Federated Hermes Inc. now owns 3,245 shares of the company’s stock worth $90,000 after acquiring an additional 1,940 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in FOX by 286.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company’s stock valued at $32,000 after acquiring an additional 860 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Price Performance

FOX stock opened at $28.81 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 17.05 and a beta of 0.85. Fox Co. has a 1 year low of $25.82 and a 1 year high of $33.24. The firm has a 50 day moving average price of $27.77 and a 200 day moving average price of $28.09.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, topping 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 business had revenue of $4.23 billion during the quarter. During the same quarter in the previous year, the company earned $0.48 earnings per share.

FOX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were paid a $0.26 dividend. This is a positive change from FOX’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Tuesday, March 5th. FOX’s payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

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

FOX Company 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.