Toronto Dominion Bank Reduces Holdings in Fox Co.
Toronto Dominion Bank decreased its holdings in shares of Fox Co. (NASDAQ:FOX) by 55.6% in the third quarter, as reported in its latest filing with the Securities and Exchange Commission. The bank owned 193,245 shares of the company’s stock after selling 241,983 shares during the quarter, with a total worth of $5,581,000 by the end of the reporting period.
Institutional Investments in FOX
Various other institutional investors have also made moves in relation to FOX. Nomura Holdings Inc. increased its position in FOX by 258.0% during the 1st quarter. Independent Franchise Partners LLP acquired a new stake in FOX during the 2nd quarter, while Norges Bank and BlackRock Inc. also acquired new stakes in the company during the 4th and 2nd quarters respectively. Bank of America Corp DE saw a 200.4% growth in its stake during the 1st quarter. Overall, 24.56% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
TheStreet recently downgraded FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th.
FOX Price Performance
Shares of NASDAQ FOX opened at $26.99 on Monday. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 15.97, and a beta of 0.84. FOX has a 12-month low of $26.20 and a 12-month high of $33.24. The company’s financial indicators show a stable standing in the market.
FOX Increases Dividend
FOX recently announced an increase in its quarterly dividend, which will be paid on Tuesday, March 26th. The ex-dividend date is Tuesday, March 5th, and the quarterly dividend has been raised to $0.26, representing a yield of 3.85%.
FOX Profile
Fox Corporation operates as a news, sports, and entertainment company in the U.S. The company operates through Cable Network Programming, Television, and Other segments, producing and licensing content for distribution through various platforms. FOX has a strong presence in the media industry.
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Original Story at www.marketbeat.com – 2024-03-04 12:21:59
