Aberdeen Group plc raised its position in Fox Corporation (NASDAQ:FOX - Free Report) by 135.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 74,159 shares of the company's stock after purchasing an additional 42,659 shares during the period. Aberdeen Group plc's holdings in FOX were worth $3,833,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of FOX by 82.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,355 shares of the company's stock worth $1,126,000 after buying an additional 9,669 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in FOX by 24.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,449 shares of the company's stock valued at $287,000 after acquiring an additional 1,060 shares in the last quarter. Cerity Partners LLC purchased a new stake in FOX during the 1st quarter valued at about $360,000. KBC Group NV raised its holdings in FOX by 35.8% in the 1st quarter. KBC Group NV now owns 34,095 shares of the company's stock valued at $1,797,000 after acquiring an additional 8,987 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in FOX by 9.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,483 shares of the company's stock worth $883,000 after purchasing an additional 1,528 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.
Insider Buying and Selling at FOX
In related news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total value of $2,192,202.60. Following the completion of the sale, the chief financial officer owned 133,923 shares of the company's stock, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 23.06% of the company's stock.
FOX Trading Up 1.5%
Shares of FOX stock opened at $54.01 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 2.76. The stock's 50 day simple moving average is $51.28 and its 200-day simple moving average is $50.05. The stock has a market cap of $24.06 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.31 and a beta of 0.58. Fox Corporation has a 1-year low of $35.89 and a 1-year high of $55.00.
FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.24. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.12 billion. FOX had a return on equity of 18.86% and a net margin of 13.88%. Analysts predict that Fox Corporation will post 4.25 EPS for the current fiscal year.
FOX Dividend Announcement
The company also recently declared a half year 25 dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. FOX's payout ratio is presently 11.00%.
About FOX
(
Free Report)
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.
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