Advisors Asset Management Inc. Makes New Investment in Fox Corporation $FOX

Key Points

• Advisors Asset Management Inc. has made a new investment in Fox Corporation, acquiring 18,204 shares worth approximately $960,000.
• Fox Corporation recently reported a quarterly earnings per share (EPS) of $1.27, exceeding estimates, along with a revenue of $3.29 billion.
• The company announced a dividend of $0.28 per share scheduled for payment on September 24th, with an ex-dividend date of September 3rd.

Advisors Asset Management Inc. purchased a new position in shares of Fox Corporation (NASDAQ:FOX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,204 shares of the company's stock, valued at approximately $960,000.

Several other institutional investors have also modified their holdings of FOX. Nuveen LLC acquired a new position in shares of FOX in the first quarter worth $54,630,000. National Bank of Canada FI grew its stake in shares of FOX by 37.7% in the first quarter. National Bank of Canada FI now owns 1,817,328 shares of the company's stock worth $95,791,000 after acquiring an additional 497,544 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of FOX by 7,082.8% in the first quarter. GAMMA Investing LLC now owns 472,914 shares of the company's stock worth $24,927,000 after acquiring an additional 466,330 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of FOX by 281.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 470,365 shares of the company's stock worth $24,793,000 after acquiring an additional 347,100 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of FOX by 1.7% in the first quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company's stock worth $768,799,000 after acquiring an additional 249,246 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Stock Performance

NASDAQ:FOX opened at $53.02 on Wednesday. The company has a fifty day simple moving average of $52.36 and a two-hundred day simple moving average of $50.34. The company has a market cap of $23.62 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 1.40 and a beta of 0.57. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. Fox Corporation has a 52 week low of $35.89 and a 52 week high of $57.02.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.03 by $0.24. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.12 billion. FOX had a net margin of 13.88% and a return on equity of 18.86%. As a group, equities analysts anticipate that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company also recently announced a half year 25 dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 3rd. FOX's payout ratio is presently 11.41%.

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.

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