Ascent Group LLC Makes New Investment in Fox Corporation $FOX

Key Points

• Ascent Group LLC acquired a new position in Fox Corporation, purchasing 30,112 shares valued at approximately $1,587,000 in the first quarter.
• Fox Corporation reported a quarterly earnings per share (EPS) of $1.27, exceeding analysts' expectations by $0.24, with a total revenue of $3.29 billion.
• The company announced a half-year dividend of $0.28 per share, payable on September 24th, with a payout ratio of 11.41%.

Ascent Group LLC purchased a new position in shares of Fox Corporation (NASDAQ:FOX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,112 shares of the company's stock, valued at approximately $1,587,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of FOX by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company's stock worth $768,799,000 after buying an additional 249,246 shares in the last quarter. National Bank of Canada FI raised its stake in shares of FOX by 37.7% in the 1st quarter. National Bank of Canada FI now owns 1,817,328 shares of the company's stock worth $95,791,000 after buying an additional 497,544 shares in the last quarter. Amundi raised its stake in shares of FOX by 5.7% in the 1st quarter. Amundi now owns 1,637,280 shares of the company's stock worth $86,301,000 after buying an additional 88,278 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of FOX by 19.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,417,953 shares of the company's stock worth $64,857,000 after buying an additional 227,589 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of FOX by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 1,041,588 shares of the company's stock worth $47,642,000 after buying an additional 51,662 shares in the last quarter. Institutional investors own 26.41% of the company's stock.

FOX Stock Up 1.5%

FOX opened at $56.81 on Tuesday. Fox Corporation has a one year low of $35.89 and a one year high of $57.02. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.76 and a current ratio of 2.91. The stock's fifty day moving average is $52.33 and its 200-day moving average is $50.32. The company has a market capitalization of $25.31 billion, a PE ratio of 11.57, a P/E/G ratio of 1.38 and a beta of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last posted 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. FOX had a return on equity of 18.86% and a net margin of 13.88%.The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.12 billion. On average, equities analysts predict that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The business 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 dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. FOX's payout ratio is 11.41%.

FOX Profile

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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