Strs Ohio Has $2.25 Million Stock Holdings in Fox Co. (NASDAQ:FOX)

Posted by Defense World Staff on Jul 19th, 2023

Strs Ohio increased its holdings in shares of Fox Co. (NASDAQ:FOX – Free Report) by 23.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,753 shares of the company’s stock after buying an additional 13,441 shares during the quarter. Strs Ohio’s holdings in FOX were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of FOX by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 126,123 shares of the company’s stock valued at $3,588,000 after acquiring an additional 367 shares in the last quarter. PNC Financial Services Group Inc. increased its position in FOX by 2.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,220 shares of the company’s stock worth $733,000 after purchasing an additional 411 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of FOX by 0.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 141,611 shares of the company’s stock worth $4,029,000 after purchasing an additional 620 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of FOX by 4.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,279 shares of the company’s stock valued at $435,000 after buying an additional 680 shares during the last quarter. Finally, Korea Investment CORP grew its stake in shares of FOX by 1.8% in the 4th quarter. Korea Investment CORP now owns 44,804 shares of the company’s stock valued at $1,275,000 after buying an additional 805 shares in the last quarter. 24.93% of the stock is owned by institutional investors and hedge funds.

FOX Stock Performance

FOX opened at $31.87 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.64 and a current ratio of 1.75. The company has a market cap of $16.08 billion, a PE ratio of 14.96 and a beta of 0.92. The stock has a 50-day moving average of $30.54 and a 200-day moving average of $30.89. Fox Co. has a 52-week low of $26.35 and a 52-week high of $34.42.

FOX (NASDAQ:FOX – Get Free Report) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.49 by $0.45. FOX had a return on equity of 16.36% and a net margin of 7.84%. The company had revenue of $4.08 billion for the quarter. During the same quarter last year, the business earned $0.54 EPS.

Insider Buying and Selling

In other FOX news, insider Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $33.62, for a total value of $3,362,000.00. Following the sale, the insider now owns 157,513 shares of the company’s stock, valued at approximately $5,295,587.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reiterated a “neutral” rating and issued a $35.00 target price on shares of FOX in a research note on Wednesday, March 22nd.

FOX Profile

(Free Report)

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 and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.