BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 24,265 Shares of Fox Corporation $FOX

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. has increased its stake in Fox Corporation by 6.0%, acquiring an additional 24,265 shares, bringing its total to 425,921 shares valued at approximately $22.45 million.
• Institutional investors now own 26.41% of Fox Corporation's stock, with several firms, including Federated Hermes and IFP Advisors, significantly boosting their positions in the first quarter.
• Fox Corporation announced a dividend of $0.28 per share, payable on September 24th, with a dividend payout ratio of 11.00%.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Fox Corporation (NASDAQ:FOX - Free Report) by 6.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 425,921 shares of the company's stock after buying an additional 24,265 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.09% of FOX worth $22,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FOX. Federated Hermes Inc. boosted its position in shares of FOX by 66.2% during the first quarter. Federated Hermes Inc. now owns 580 shares of the company's stock worth $31,000 after acquiring an additional 231 shares during the last quarter. IFP Advisors Inc increased its holdings in FOX by 457.6% in the 1st quarter. IFP Advisors Inc now owns 697 shares of the company's stock valued at $37,000 after acquiring an additional 572 shares during the last quarter. Versant Capital Management Inc lifted its stake in FOX by 327.3% in the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock worth $71,000 after purchasing an additional 1,031 shares in the last quarter. Covestor Ltd boosted its holdings in shares of 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 last quarter. Finally, Mufg Securities Americas Inc. bought a new position in shares of FOX during the 4th quarter valued at about $89,000. 26.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 39,642 shares of FOX stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total value of $2,192,202.60. Following the completion of the transaction, the chief financial officer directly owned 133,923 shares of the company's stock, valued at $7,405,941.90. This trade represents a 22.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 23.06% of the stock is owned by company insiders.

FOX Trading Down 2.2%

Shares of FOX stock opened at $53.39 on Monday. The company has a current ratio of 2.91, a quick ratio of 2.76 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.31 and a beta of 0.58. Fox Corporation has a 12-month low of $35.89 and a 12-month high of $55.00. The stock's 50-day moving average price is $51.08 and its 200-day moving average price is $49.97.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.12 billion. FOX had a return on equity of 18.86% and a net margin of 13.88%. Equities research analysts predict that Fox Corporation will post 4.25 EPS 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 given a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 3rd. FOX's dividend payout ratio (DPR) is 11.00%.

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.

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