Fox Corporation $FOX Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Fox Corporation by 13.4% in the first quarter, now owning 43,126 shares valued at $2,273,000.
• Fox Corporation reported earnings of $1.27 per share for the last quarter, surpassing analyst expectations and generating revenues of $3.29 billion.
• The company declared a dividend of $0.28 per share, to be paid on September 24th, with an ex-dividend date of September 3rd.

Charles Schwab Investment Management Inc. lifted its holdings in Fox Corporation (NASDAQ:FOX - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,126 shares of the company's stock after buying an additional 5,089 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in FOX were worth $2,273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in FOX by 7,082.8% in the first quarter. GAMMA Investing LLC now owns 472,914 shares of the company's stock worth $24,927,000 after purchasing an additional 466,330 shares in the last quarter. Vanguard Group Inc. grew its stake in FOX by 1.7% in the first quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company's stock worth $768,799,000 after purchasing an additional 249,246 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in FOX by 19.1% in the fourth 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 purchasing an additional 227,589 shares in the last quarter. BNP Paribas Financial Markets grew its stake in FOX by 42.4% in the fourth quarter. BNP Paribas Financial Markets now owns 535,960 shares of the company's stock worth $24,515,000 after purchasing an additional 159,657 shares in the last quarter. Finally, Sone Capital Management LLC bought a new position in FOX in the fourth quarter worth approximately $6,564,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Down 1.0%

NASDAQ:FOX traded down $0.56 during midday trading on Wednesday, hitting $54.78. The stock had a trading volume of 358,865 shares, compared to its average volume of 1,220,847. Fox Corporation has a one year low of $35.89 and a one year high of $55.81. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.34 and a beta of 0.57. The stock has a 50-day moving average of $52.03 and a 200 day moving average of $50.26. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.55.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $3.12 billion. As a group, sell-side analysts forecast that Fox Corporation will post 4.25 EPS for the current year.

FOX Announces Dividend

The business also recently announced 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 of this dividend is Wednesday, September 3rd. FOX's dividend payout ratio (DPR) is 11.41%.

FOX Company 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.