Nuveen LLC Purchases Shares of 1,036,433 Fox Corporation (NASDAQ:FOX)

Key Points

• Nuveen LLC acquired 1,036,433 shares of Fox Corporation, totaling approximately $54.63 million, increasing its ownership to about 0.23% of the company.
• Institutional investors, including Vanguard Group and National Bank of Canada, have also increased their stakes in Fox Corporation, with Vanguard growing its holdings by 1.7% to own over 14.58 million shares.
• Fox Corporation announced a dividend of $0.28 per share, set to be paid on September 24th, with an 11% payout ratio.

Nuveen LLC purchased a new stake in shares of Fox Corporation (NASDAQ:FOX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,036,433 shares of the company's stock, valued at approximately $54,630,000. Nuveen LLC owned approximately 0.23% of FOX at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in FOX by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company's stock valued at $768,799,000 after buying an additional 249,246 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FOX by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,468,268 shares of the company's stock worth $112,908,000 after purchasing an additional 131,018 shares during the period. National Bank of Canada FI boosted its holdings in shares of FOX by 37.7% in the 1st quarter. National Bank of Canada FI now owns 1,817,328 shares of the company's stock worth $95,791,000 after purchasing an additional 497,544 shares during the period. Northern Trust Corp boosted its holdings in shares of FOX by 5.8% in the 4th quarter. Northern Trust Corp now owns 1,523,894 shares of the company's stock worth $69,703,000 after purchasing an additional 83,904 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of FOX by 19.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,417,953 shares of the company's stock worth $64,857,000 after purchasing an additional 227,589 shares during the period. Hedge funds and other institutional investors own 26.41% of the company's stock.

Insider Activity at FOX

In related news, CFO Steven Tomsic sold 39,642 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the sale, the chief financial officer directly owned 133,923 shares of the company's stock, valued at approximately $7,405,941.90. This trade represents a 22.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.06% of the company's stock.

FOX Price Performance

Shares of FOX stock opened at $54.58 on Friday. The stock has a market cap of $24.54 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 1.32 and a beta of 0.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.76 and a current ratio of 2.91. The stock has a 50 day moving average price of $51.01 and a 200-day moving average price of $49.90. Fox Corporation has a one year low of $35.89 and a one year high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.24. The firm had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.12 billion. FOX had a return on equity of 18.86% and a net margin of 13.88%. Equities analysts expect that Fox Corporation will post 4.25 EPS for the current year.

FOX Announces Dividend

The business also recently announced a half year 25 dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be issued a $0.28 dividend. The ex-dividend date is Wednesday, September 3rd. FOX's payout ratio is 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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