33,645 Shares in Fox Corporation $FOX Purchased by Beck Bode LLC

Key Points

• Beck Bode LLC has acquired a new stake in Fox Corporation, purchasing 33,645 shares valued at approximately $1.77 million.
• Fox Corporation recently announced earnings of $1.27 per share, surpassing analysts' estimates and reporting revenue of $3.29 billion for the quarter.
• The company declared a dividend of $0.28 per share, set to be paid on September 24th, with an ex-dividend date of September 3rd.

Beck Bode LLC purchased a new position in Fox Corporation (NASDAQ:FOX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 33,645 shares of the company's stock, valued at approximately $1,773,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of FOX by 82.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,355 shares of the company's stock worth $1,126,000 after purchasing an additional 9,669 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of FOX by 24.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,449 shares of the company's stock worth $287,000 after purchasing an additional 1,060 shares during the period. Cerity Partners LLC acquired a new position in shares of FOX in the 1st quarter worth approximately $360,000. KBC Group NV lifted its position in shares of FOX by 35.8% in the 1st quarter. KBC Group NV now owns 34,095 shares of the company's stock worth $1,797,000 after purchasing an additional 8,987 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of FOX by 9.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,483 shares of the company's stock worth $883,000 after purchasing an additional 1,528 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Stock Up 0.5%

Shares of FOX stock traded up $0.25 during trading on Monday, reaching $54.55. 1,003,568 shares of the company traded hands, compared to its average volume of 1,176,031. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 2.76. Fox Corporation has a 1-year low of $35.89 and a 1-year high of $55.15. The company has a 50 day moving average price of $51.88 and a 200-day moving average price of $50.21. The firm has a market capitalization of $24.30 billion, a PE ratio of 11.11, a P/E/G ratio of 1.34 and a beta of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.12 billion. As a group, equities research analysts expect that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently disclosed a half year 25 dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 3rd. FOX's dividend payout ratio is presently 11.00%.

Insiders Place Their Bets

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction on 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 transaction, the chief financial officer owned 133,923 shares in the company, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.