Neuberger Berman Group LLC Has $4.44 Million Stock Position in Fox Corporation (NASDAQ:FOX)

Key Points

• Neuberger Berman Group LLC increased its stake in Fox Corporation by 58.5% in the first quarter, owning 84,261 shares valued at $4.44 million.
• Fox Corporation reported $1.27 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.03, with revenues of $3.29 billion.
• Fox Corporation will pay a dividend of $0.28 per share on September 24th, with the ex-dividend date set for September 3rd.

Neuberger Berman Group LLC grew its position in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 58.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,261 shares of the company's stock after acquiring an additional 31,095 shares during the quarter. Neuberger Berman Group LLC's holdings in FOX were worth $4,441,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. boosted 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 acquiring an additional 2,562 shares during the last quarter. S Bank Fund Management Ltd acquired a new position in FOX during the 1st quarter worth approximately $134,000. Regal Partners Ltd boosted its position in FOX by 7.4% during the 1st quarter. Regal Partners Ltd now owns 715,049 shares of the company's stock worth $37,690,000 after acquiring an additional 49,206 shares during the last quarter. Russell Investments Group Ltd. boosted its position in FOX by 8.6% during the 1st quarter. Russell Investments Group Ltd. now owns 163,982 shares of the company's stock worth $8,560,000 after acquiring an additional 12,954 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its stake in shares of FOX by 1.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 57,315 shares of the company's stock worth $3,005,000 after purchasing an additional 603 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 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 owned 133,923 shares in the company, valued at $7,415,316.51. This represents a 4.02% decrease in their position. 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 corporate insiders.

FOX Trading Up 1.5%

Shares of FOX stock opened at $54.58 on Friday. Fox Corporation has a 12-month low of $35.89 and a 12-month high of $55.00. The stock has a market cap of $24.54 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.32 and a beta of 0.58. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. The business's 50 day moving average is $51.01 and its 200-day moving average is $49.90.

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, topping analysts' consensus estimates of $1.03 by $0.24. FOX had a return on equity of 18.86% and a net margin of 13.88%. The company had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.12 billion. Equities research analysts predict that Fox Corporation will post 4.25 earnings per share 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. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 3rd. FOX's dividend payout ratio is currently 11.00%.

FOX 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.

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