New York State Teachers Retirement System Sells 309 Shares of Fox Corporation $FOX

New York State Teachers Retirement System lowered its holdings in Fox Corporation (NASDAQ:FOX) by 0.2% in the second quarter, HoldingsChannel.com reports. The firm owned 179,568 shares of the company’s stock after selling 309 shares during the quarter. New York State Teachers Retirement System’s holdings in FOX were worth $9,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FOX. Nuveen LLC bought a new stake in FOX in the 1st quarter valued at about $54,630,000. National Bank of Canada FI boosted its holdings in FOX by 37.7% in the 1st quarter. National Bank of Canada FI now owns 1,817,328 shares of the company’s stock valued at $95,791,000 after purchasing an additional 497,544 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in FOX by 281.6% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 470,365 shares of the company’s stock valued at $24,793,000 after purchasing an additional 347,100 shares during the period. Vanguard Group Inc. raised its position in shares of FOX by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company’s stock valued at $768,799,000 after buying an additional 249,246 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of FOX by 364.4% in the 1st quarter. Virtu Financial LLC now owns 296,316 shares of the company’s stock valued at $15,619,000 after buying an additional 232,508 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

Analyst Ratings Changes

FOX has been the subject of several analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of FOX in a research report on Wednesday, October 8th. Zacks Research upgraded shares of FOX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

FOX Price Performance

FOX stock opened at $51.89 on Monday. The company has a 50 day simple moving average of $53.95 and a 200 day simple moving average of $50.92. The stock has a market cap of $23.12 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 1.27 and a beta of 0.59. Fox Corporation has a 1 year low of $38.16 and a 1 year high of $59.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 2.76.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.24. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.12 billion. FOX had a net margin of 13.88% and a return on equity of 18.86%. Research analysts anticipate that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently disclosed a half year 25 dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 3rd. FOX’s dividend payout ratio is currently 11.41%.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.