Dimensional Fund Advisors LP Sells 17,600 Shares of Fox Corporation $FOX

Key Points

• Dimensional Fund Advisors LP has reduced its holdings in Fox Corporation's shares by 0.7%, now owning 2,450,668 shares valued at approximately $129 million.
• Fox Corporation reported earnings of $1.27 per share, exceeding analysts' expectations of $1.03 and achieving a revenue of $3.29 billion for the quarter.
• The company declared a half-year dividend of $0.28 per share, to be paid on September 24th, with an ex-dividend date of September 3rd.

Dimensional Fund Advisors LP decreased its holdings in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,450,668 shares of the company's stock after selling 17,600 shares during the quarter. Dimensional Fund Advisors LP owned 0.54% of FOX worth $129,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of FOX by 1.7% during the first quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company's stock valued at $768,799,000 after buying an additional 249,246 shares during the last quarter. National Bank of Canada FI grew its stake in shares of FOX by 37.7% during the first quarter. National Bank of Canada FI now owns 1,817,328 shares of the company's stock valued at $95,791,000 after buying an additional 497,544 shares during the last quarter. Northern Trust Corp grew its stake in shares of FOX by 5.8% during the fourth quarter. Northern Trust Corp now owns 1,523,894 shares of the company's stock valued at $69,703,000 after buying an additional 83,904 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of FOX by 19.1% during 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 valued at $64,857,000 after buying an additional 227,589 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of FOX by 5.2% during the fourth quarter. Nuveen Asset Management LLC now owns 1,041,588 shares of the company's stock valued at $47,642,000 after buying an additional 51,662 shares during the last quarter. Institutional investors own 26.41% of the company's stock.

Insider Transactions at FOX

In related news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the transaction, the chief financial officer owned 133,923 shares of the company's stock, valued at $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.06% of the stock is currently owned by company insiders.

FOX Trading Up 0.8%

Shares of FOX traded up $0.45 during mid-day trading on Friday, reaching $54.43. 907,071 shares of the company's stock traded hands, compared to its average volume of 1,090,286. The stock has a market cap of $24.25 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.34 and a beta of 0.58. The stock's 50-day moving average is $51.47 and its two-hundred day moving average is $50.09. Fox Corporation has a 12 month low of $35.89 and a 12 month high of $55.15. 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 (NASDAQ:FOX - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, beating 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 firm had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.12 billion. Research analysts forecast that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company 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 $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. FOX's dividend payout ratio is 11.00%.

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.