Anfield Capital Management LLC Acquires 25,735 Shares of Fox Corporation (NASDAQ:FOX)

Key Points

• Anfield Capital Management LLC significantly increased its stake in Fox Corporation by 54,755.3% in Q1, now owning 25,782 shares valued at $1.36 million.
• Fox Corporation reported a quarterly earnings per share of $1.27, exceeding analyst estimates of $1.03, along with revenues of $3.29 billion.
• The company announced a dividend of $0.28 per share to be paid on September 24, with an ex-dividend date of September 3.

Anfield Capital Management LLC grew its stake in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 54,755.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 25,782 shares of the company's stock after acquiring an additional 25,735 shares during the period. Anfield Capital Management LLC's holdings in FOX were worth $1,359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Federated Hermes Inc. raised its stake in FOX by 66.2% during the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company's stock valued at $31,000 after purchasing an additional 231 shares during the period. IFP Advisors Inc raised its stake in FOX by 457.6% during the 1st quarter. IFP Advisors Inc now owns 697 shares of the company's stock valued at $37,000 after purchasing an additional 572 shares during the period. O Shaughnessy Asset Management LLC raised its stake in FOX by 82.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock valued at $61,000 after purchasing an additional 608 shares during the period. Versant Capital Management Inc raised its stake in FOX by 327.3% during the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock valued at $71,000 after purchasing an additional 1,031 shares during the period. Finally, Covestor Ltd raised its stake in FOX by 37.0% during the 1st quarter. Covestor Ltd now owns 1,402 shares of the company's stock valued at $74,000 after purchasing an additional 379 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Stock Up 1.5%

NASDAQ:FOX traded up $0.80 during trading hours on Thursday, hitting $54.58. 864,801 shares of the stock traded hands, compared to its average volume of 1,233,284. The firm has a 50 day moving average price of $51.01 and a 200 day moving average price of $49.90. The company has a current ratio of 2.91, a quick ratio of 2.76 and a debt-to-equity ratio of 0.55. Fox Corporation has a fifty-two week low of $35.89 and a fifty-two week high of $55.00. The firm has a market cap of $24.54 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.26 and a beta of 0.58.

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

FOX Announces Dividend

The firm also recently announced a half year 25 dividend, which will be paid on Wednesday, September 24th. Shareholders 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 dividend payout ratio is presently 11.00%.

Insider Buying and Selling

In other FOX 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 transaction of $2,192,202.60. Following the completion of the sale, the chief financial officer directly owned 133,923 shares in the company, valued at $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.06% of the stock is owned by 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.