Atria Wealth Solutions Inc. Invests $423,000 in Fox Corporation $FOX

Key Points

• Atria Wealth Solutions Inc. has made a new investment of $423,000 in Fox Corporation, purchasing 8,019 shares during the first quarter.
• Fox Corporation reported earnings of $1.27 per share for the most recent quarter, exceeding expectations by $0.24 and achieving a revenue of $3.29 billion.
• The company announced a $0.28 dividend to be paid on September 24th, with a payout ratio of 11.00%.

Atria Wealth Solutions Inc. bought a new position in Fox Corporation (NASDAQ:FOX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,019 shares of the company's stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FOX. Federated Hermes Inc. increased its holdings in shares of FOX by 66.2% in the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company's stock worth $31,000 after acquiring an additional 231 shares during the period. IFP Advisors Inc grew its position in FOX by 457.6% in the 1st quarter. IFP Advisors Inc now owns 697 shares of the company's stock worth $37,000 after purchasing an additional 572 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of FOX by 327.3% in the first 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. ORG Wealth Partners LLC bought a new stake in shares of FOX during the first quarter valued at approximately $91,000. Finally, CWM LLC boosted its position in shares of FOX by 16.6% during the first quarter. CWM LLC now owns 1,892 shares of the company's stock worth $100,000 after buying an additional 270 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the business'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 sale, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.06% of the stock is owned by corporate insiders.

FOX Stock Performance

FOX stock traded up $0.87 on Tuesday, reaching $53.62. The company's stock had a trading volume of 85,222 shares, compared to its average volume of 1,221,964. Fox Corporation has a 52 week low of $35.89 and a 52 week high of $55.00. 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 company has a market capitalization of $23.89 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.58. The firm has a fifty day moving average of $51.14 and a two-hundred day moving average of $50.00.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share (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 during the quarter, compared to analyst estimates of $3.12 billion. As a group, 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. Investors of record on Wednesday, September 3rd will be given a $0.28 dividend. The ex-dividend date is Wednesday, September 3rd. FOX's dividend payout ratio is currently 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.