Korea Investment CORP increased its position in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 161.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,315 shares of the company's stock after acquiring an additional 76,800 shares during the quarter. Korea Investment CORP's holdings in FOX were worth $6,553,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. boosted its position in shares of FOX by 66.2% during the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company's stock valued at $31,000 after acquiring an additional 231 shares during the last quarter. IFP Advisors Inc boosted its position in shares of FOX by 457.6% during 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 boosted its position 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 valued at $71,000 after acquiring an additional 1,031 shares during the last quarter. Covestor Ltd boosted its position 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 acquiring an additional 379 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in shares of FOX during the 1st quarter valued at about $91,000. Institutional investors and hedge funds own 26.41% of the company's stock.
Insider Transactions at FOX
In related news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total value of $310,459.59. Following the sale, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,415,316.51. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.06% of the company's stock.
FOX Trading Up 0.8%
Shares of FOX stock opened at $54.43 on Friday. The company's 50-day moving average price is $51.47 and its 200-day moving average price is $50.10. 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 cap of $24.25 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.33 and a beta of 0.58. Fox Corporation has a twelve month low of $35.89 and a twelve month high of $55.15.
FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.24. The firm had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.12 billion. FOX had a net margin of 13.88% and a return on equity of 18.86%. As a group, equities analysts predict that Fox Corporation will post 4.25 earnings per share for the current year.
FOX Announces Dividend
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 issued a $0.28 dividend. The ex-dividend date is Wednesday, September 3rd. FOX's payout ratio is 11.00%.
About FOX
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding FOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fox Corporation (NASDAQ:FOX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider FOX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FOX wasn't on the list.
While FOX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access