Mitsubishi UFJ Asset Management Co. Ltd. Acquires 29,804 Shares of Fox Corporation (NASDAQ:FOX)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Fox Corporation by 12.0%, owning approximately 278,944 shares valued at $14.7 million at the end of the first quarter.
• Fox Corporation recently declared a dividend of $0.28 per share, payable on September 24th, with an ex-dividend date of September 3rd.
• In the latest quarter, Fox Corporation reported $1.27 earnings per share, surpassing analysts' estimates by $0.24, with revenues reaching $3.29 billion compared to expectations of $3.12 billion.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Fox Corporation (NASDAQ:FOX - Free Report) by 12.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 278,944 shares of the company's stock after acquiring an additional 29,804 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of FOX worth $14,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FOX. Federated Hermes Inc. increased its position in 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 buying an additional 231 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of FOX by 457.6% in the first quarter. IFP Advisors Inc now owns 697 shares of the company's stock worth $37,000 after acquiring an additional 572 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of FOX by 82.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after acquiring an additional 608 shares during the period. Versant Capital Management Inc grew its holdings in shares of FOX by 327.3% in the first quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock worth $71,000 after acquiring an additional 1,031 shares during the period. Finally, Mufg Securities Americas Inc. bought a new stake in shares of FOX in the fourth quarter worth $89,000. Institutional investors own 26.41% of the company's stock.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the sale, the chief financial officer directly owned 133,923 shares in the company, valued at $7,415,316.51. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 23.06% of the stock is currently owned by company insiders.

FOX Stock Performance

Shares of FOX traded up $0.80 during trading hours on Thursday, hitting $54.58. The stock had a trading volume of 864,801 shares, compared to its average volume of 1,233,284. The stock has a fifty day moving average price of $50.90 and a 200 day moving average price of $49.85. Fox Corporation has a 12 month low of $35.89 and a 12 month high of $55.00. 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 $24.54 billion, a PE ratio of 11.12, a PEG ratio of 1.26 and a beta of 0.58.

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

FOX Dividend Announcement

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 given a dividend of $0.28 per share. 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.