Fox Corporation (NASDAQ:FOX) Stock Holdings Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in Fox Corporation by 10.9%, owning over 1 million shares valued at approximately $52.9 million by the end of the recent quarter.
• Fox Corporation reported earnings of $1.27 per share for the last quarter, surpassing analyst estimates of $1.03, with revenues of $3.29 billion.
• The company announced a $0.28 dividend per share to be paid on September 24th, with a current dividend payout ratio of 11.00%.

Deutsche Bank AG increased its holdings in Fox Corporation (NASDAQ:FOX - Free Report) by 10.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,004,090 shares of the company's stock after purchasing an additional 99,059 shares during the quarter. Deutsche Bank AG owned 0.22% of FOX worth $52,926,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of FOX by 82.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock valued at $61,000 after acquiring an additional 608 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of FOX by 17.9% during the fourth quarter. Russell Investments Group Ltd. now owns 151,028 shares of the company's stock valued at $6,921,000 after acquiring an additional 22,980 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of FOX during the fourth quarter valued at approximately $1,295,000. Treasurer of the State of North Carolina raised its holdings in shares of FOX by 2.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 115,872 shares of the company's stock valued at $5,300,000 after acquiring an additional 2,586 shares during the period. Finally, Sterling Capital Management LLC raised its holdings in shares of FOX by 676.0% during the fourth quarter. Sterling Capital Management LLC now owns 39,120 shares of the company's stock valued at $1,789,000 after acquiring an additional 34,079 shares during the period. 26.41% of the stock is currently owned by institutional investors.

FOX Stock Up 0.9%

FOX stock opened at $49.63 on Tuesday. Fox Corporation has a 52-week low of $35.89 and a 52-week high of $55.00. The company's 50 day simple moving average is $50.81 and its 200-day simple moving average is $49.82. 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 firm has a market capitalization of $22.31 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.21 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 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 analyst estimates of $3.12 billion. FOX had a net margin of 13.88% and a return on equity of 18.86%. As a group, equities research analysts anticipate that Fox Corporation will post 4.25 EPS 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. 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%.

Insiders Place Their Bets

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.06% of the company's stock.

About FOX

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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