ASR Vermogensbeheer N.V. Makes New $1.19 Million Investment in Fox Corporation (NASDAQ:FOX)

Key Points

• ASR Vermogensbeheer N.V. purchased a new stake of 22,507 shares in Fox Corporation, valued at approximately $1.186 million, as reported in its latest 13F filing with the SEC.
• Fox Corporation reported a quarterly earnings per share (EPS) of $1.27, surpassing analysts' expectations, with revenue totaling $3.29 billion for the period.
• The board declared a $0.28 dividend scheduled for distribution on September 24th, following the ex-dividend date of September 3rd, with a payout ratio of 11%.

ASR Vermogensbeheer N.V. purchased a new position in Fox Corporation (NASDAQ:FOX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,507 shares of the company's stock, valued at approximately $1,186,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its stake in shares of 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 buying an additional 608 shares during the period. Franklin Resources Inc. grew its stake in shares of FOX by 61.3% during the 4th quarter. Franklin Resources Inc. now owns 71,492 shares of the company's stock valued at $3,270,000 after buying an additional 27,160 shares during the period. Russell Investments Group Ltd. grew its stake in shares of FOX by 17.9% during the 4th quarter. Russell Investments Group Ltd. now owns 151,028 shares of the company's stock valued at $6,921,000 after buying an additional 22,980 shares during the period. APG Asset Management N.V. purchased a new stake in shares of FOX during the 4th quarter valued at $3,534,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of FOX during the 4th quarter valued at $1,295,000. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Stock Up 3.1%

FOX stock traded up $1.52 during trading on Tuesday, reaching $51.15. 665,181 shares of the company's stock were exchanged, compared to its average volume of 1,237,594. The company's 50-day moving average is $50.81 and its two-hundred day moving average is $49.82. 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 Corporation has a 52-week low of $35.89 and a 52-week high of $55.00. The firm has a market cap of $23.00 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 1.21 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last announced 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 firm had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.12 billion. On average, analysts predict that Fox Corporation will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The company also recently declared a half year 25 dividend, which will be paid on Wednesday, September 24th. Investors 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 currently 11.00%.

Insider Activity

In related news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction 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 represents a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.06% of the company's stock.

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.