Fox Corporation $FOX Shares Bought by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in Fox Corporation by 25.5% in the first quarter, owning a total of 83,140 shares worth approximately $4.3 million.
• Fox Corporation reported a quarterly EPS of $1.27, beating expectations, with revenues of $3.29 billion, also surpassing the consensus estimate.
• The company announced a dividend of $0.28 per share, set to be paid on September 24, with an ex-dividend date of September 3.

Ethic Inc. increased its holdings in Fox Corporation (NASDAQ:FOX - Free Report) by 25.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,140 shares of the company's stock after buying an additional 16,905 shares during the period. Ethic Inc.'s holdings in FOX were worth $4,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FOX. Raymond James Financial Inc. purchased a new stake in shares of FOX in the 4th quarter worth about $1,295,000. Mariner LLC boosted its position in shares of FOX by 29.1% in the 4th quarter. Mariner LLC now owns 44,372 shares of the company's stock worth $2,030,000 after buying an additional 9,997 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of FOX in the 4th quarter worth about $366,000. Marshall Wace LLP boosted its position in shares of FOX by 396.8% in the 4th quarter. Marshall Wace LLP now owns 80,720 shares of the company's stock worth $3,692,000 after buying an additional 64,472 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in shares of FOX in the 4th quarter worth about $318,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.06% of the company's stock.

FOX Price Performance

Shares of FOX stock traded up $0.79 on Wednesday, hitting $54.01. The company's stock had a trading volume of 930,227 shares, compared to its average volume of 1,223,603. Fox Corporation has a 52-week low of $35.89 and a 52-week high of $55.00. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of $51.20 and a 200-day moving average price of $50.02. The company has a market capitalization of $24.06 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.30 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.03 by $0.24. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.12 billion. FOX had a net margin of 13.88% and a return on equity of 18.86%. On average, equities research analysts expect that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company 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 issued a $0.28 dividend. The ex-dividend date 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.