Credit Agricole S A Raises Holdings in Fox Corporation $FOX

Key Points

• Credit Agricole S A increased its stake in Fox Corporation by 40.3%, holding 64,980 shares valued at approximately $3.42 million after acquiring an additional 18,669 shares.
• Fox Corporation reported earnings of $1.27 per share for the last quarter, exceeding analysts' expectations of $1.03, with revenue of $3.29 billion, up from an anticipated $3.12 billion.
• The company announced a dividend of $0.28 per share to be paid on September 24th, with an ex-dividend date of September 3rd, reflecting a payout ratio of 11.00%.

Credit Agricole S A grew its position in Fox Corporation (NASDAQ:FOX - Free Report) by 40.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,980 shares of the company's stock after buying an additional 18,669 shares during the quarter. Credit Agricole S A's holdings in FOX were worth $3,425,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FOX. Federated Hermes Inc. lifted 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 buying an additional 231 shares during the period. IFP Advisors Inc lifted its stake in shares of FOX by 457.6% during 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 lifted its stake in shares of FOX by 327.3% during 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 during the last quarter. Covestor Ltd lifted its stake in shares of FOX by 37.0% during the 1st quarter. Covestor Ltd now owns 1,402 shares of the company's stock worth $74,000 after purchasing an additional 379 shares during the last quarter. Finally, Mufg Securities Americas Inc. purchased a new stake in shares of FOX during the 4th quarter worth $89,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Up 0.8%

Shares of NASDAQ FOX opened at $54.43 on Friday. 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 stock has a market capitalization of $24.25 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.33 and a beta of 0.58. Fox Corporation has a 1-year low of $35.89 and a 1-year high of $55.15. The business has a fifty day moving average price of $51.47 and a 200 day moving average price of $50.10.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.12 billion. FOX had a return on equity of 18.86% and a net margin of 13.88%. Equities research analysts expect that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

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

Insider Buying and Selling at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was 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 directly owned 133,923 shares in the company, valued at $7,415,316.51. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 23.06% of the stock is owned by company insiders.

FOX 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.

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