MUFG Securities EMEA plc Sells 54,000 Shares of Fox Corporation (NASDAQ:FOX)

Key Points

• MUFG Securities EMEA plc reduced its stake in Fox Corporation by 21.8%, selling 54,000 shares and now holding 194,000 shares valued at approximately $10.23 million.
• Several institutional investors increased their holdings in FOX, with Vanguard Group Inc. purchasing an additional 249,246 shares, raising their total to 14.58 million shares worth around $768.8 million.
• Fox Corporation recently announced a quarterly dividend of $0.28 per share, with the payout to be distributed on September 24th for stockholders of record as of September 3rd.

MUFG Securities EMEA plc reduced its position in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 21.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,000 shares of the company's stock after selling 54,000 shares during the period. FOX comprises 0.2% of MUFG Securities EMEA plc's investment portfolio, making the stock its 29th largest holding. MUFG Securities EMEA plc's holdings in FOX were worth $10,226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. grew its holdings in shares of FOX by 66.2% during the first quarter. Federated Hermes Inc. now owns 580 shares of the company's stock worth $31,000 after purchasing an additional 231 shares during the last quarter. IFP Advisors Inc boosted its holdings in FOX by 457.6% in the first 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. O Shaughnessy Asset Management LLC boosted its holdings in FOX by 82.7% in 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 last quarter. Versant Capital Management Inc boosted its holdings in FOX by 327.3% in the first 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. Finally, Mufg Securities Americas Inc. bought a new stake in FOX in the fourth quarter valued at approximately $89,000. 26.41% of the stock is currently owned by institutional investors.

FOX Trading Up 0.9%

Shares of FOX stock traded up $0.44 on Monday, reaching $49.63. 687,810 shares of the company's stock were exchanged, compared to its average volume of 1,134,992. The company has a market capitalization of $22.31 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.21 and a beta of 0.58. Fox Corporation has a 52 week low of $35.89 and a 52 week high of $55.00. The firm's 50-day moving average is $50.81 and its two-hundred day moving average is $49.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.76 and a current ratio of 2.91.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.24. The firm had revenue of $3.29 billion during 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%. Sell-side analysts predict that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, September 3rd. FOX's dividend payout ratio (DPR) is presently 11.00%.

Insider Buying and Selling at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was 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 of the company's stock, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 23.06% of the stock is currently owned by insiders.

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.