American Century Companies Inc. trimmed its stake in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 22.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 731,037 shares of the company's stock after selling 216,472 shares during the period. American Century Companies Inc. owned about 0.16% of FOX worth $38,533,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ethic Inc. increased its stake in FOX by 25.5% in the 1st quarter. Ethic Inc. now owns 83,140 shares of the company's stock worth $4,304,000 after purchasing an additional 16,905 shares in the last quarter. Aberdeen Group plc lifted its position in shares of FOX by 135.4% in the 1st quarter. Aberdeen Group plc now owns 74,159 shares of the company's stock valued at $3,833,000 after acquiring an additional 42,659 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in FOX by 1.4% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 78,286 shares of the company's stock worth $4,126,000 after purchasing an additional 1,100 shares during the period. Neuberger Berman Group LLC grew its position in FOX by 58.5% during the 1st quarter. Neuberger Berman Group LLC now owns 84,261 shares of the company's stock worth $4,441,000 after purchasing an additional 31,095 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in FOX by 41.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,704 shares of the company's stock worth $459,000 after purchasing an additional 2,562 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.
Insider Activity
In other news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the transaction, the chief financial officer directly owned 133,923 shares in the company, valued at $7,415,316.51. The trade was a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 23.06% of the stock is owned by company insiders.
FOX Price Performance
FOX opened at $54.01 on Thursday. The firm has a market capitalization of $24.06 billion, a P/E ratio of 11.00, a PEG ratio of 1.31 and a beta of 0.58. The stock has a fifty day moving average of $51.28 and a 200-day moving average of $50.05. 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 Corporation has a 12-month low of $35.89 and a 12-month high of $55.00.
FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.24. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.12 billion. FOX had a return on equity of 18.86% and a net margin of 13.88%. Equities analysts forecast that Fox Corporation will post 4.25 EPS for the current fiscal year.
FOX Announces Dividend
The business also recently disclosed a half year 25 dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid a $0.28 dividend. The ex-dividend date is Wednesday, September 3rd. FOX's dividend payout ratio is currently 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.
Further Reading
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