Royal Bank of Canada Has $22.14 Million Position in Fox Co. (NASDAQ:FOX)

Royal Bank of Canada lifted its stake in shares of Fox Co. (NASDAQ:FOX) by 15.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 484,002 shares of the company’s stock after acquiring an additional 65,336 shares during the period. Royal Bank of Canada owned 0.11% of FOX worth $22,139,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX during the fourth quarter worth $29,000. CIBC Private Wealth Group LLC raised its holdings in FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock worth $42,000 after buying an additional 522 shares during the last quarter. Principal Securities Inc. raised its holdings in FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after buying an additional 362 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in FOX by 82.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock worth $61,000 after buying an additional 608 shares during the last quarter. Finally, Westpac Banking Corp raised its holdings in FOX by 84.0% during the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock worth $74,000 after buying an additional 742 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Stock Performance

FOX opened at $50.43 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $47.90 and its two-hundred day moving average price is $47.56. Fox Co. has a 1-year low of $30.51 and a 1-year high of $55.00. The company has a market cap of $22.67 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.14. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.19 billion. On average, analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.

About FOX

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.