Maven Securities LTD Takes $5.24 Million Position in Fox Corporation $FOX

Key Points

• Maven Securities LTD purchased 99,359 shares of Fox Corporation valued at approximately $5,237,000, marking a new position for the firm during the first quarter.
• Fox Corporation declared a half-year dividend of $0.28 per share, with stockholders of record set to receive the dividend on September 24.
• The company reported $1.27 EPS for the quarter, exceeding analysts' estimates of $1.03, with revenue reaching $3.29 billion.

Maven Securities LTD purchased a new stake in Fox Corporation (NASDAQ:FOX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 99,359 shares of the company's stock, valued at approximately $5,237,000.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of FOX by 82.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,355 shares of the company's stock valued at $1,126,000 after buying an additional 9,669 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of FOX by 24.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,449 shares of the company's stock valued at $287,000 after buying an additional 1,060 shares in the last quarter. Cerity Partners LLC bought a new position in shares of FOX in the first quarter valued at $360,000. KBC Group NV increased its holdings in shares of FOX by 35.8% in the first quarter. KBC Group NV now owns 34,095 shares of the company's stock valued at $1,797,000 after buying an additional 8,987 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FOX by 9.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,483 shares of the company's stock valued at $883,000 after buying an additional 1,528 shares in the last quarter. Institutional investors own 26.41% of the company's stock.

FOX Price Performance

Shares of NASDAQ FOX traded down $0.03 during trading on Thursday, hitting $53.98. The company had a trading volume of 756,315 shares, compared to its average volume of 1,150,001. The company has a market cap of $24.05 billion, a P/E ratio of 10.99, a PEG ratio of 1.33 and a beta of 0.58. Fox Corporation has a 52 week low of $35.89 and a 52 week high of $55.00. The business's 50-day moving average is $51.37 and its 200 day moving average is $50.08. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.76 and a current ratio of 2.91.

FOX (NASDAQ:FOX - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.24. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.12 billion. FOX had a return on equity of 18.86% and a net margin of 13.88%. Equities research analysts predict that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently announced a half year 25 dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. FOX's dividend payout ratio (DPR) is 11.00%.

Insider Activity at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the completion of the sale, the chief financial officer owned 133,923 shares of the company's stock, valued at $7,415,316.51. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 23.06% of the stock is currently owned by company insiders.

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.