Parkwood LLC Sells 30,341 Shares of Fox Corporation $FOX

Key Points

• Parkwood LLC has reduced its holdings in Fox Corporation by 16.5%, selling 30,341 shares during the 1st quarter, resulting in a total of 153,069 shares valued at approximately $8.06 million.
• Fox Corporation's recent quarterly earnings showed an earnings per share of $1.27, exceeding expectations, with a total revenue of $3.29 billion, surpassing analyst forecasts.
• The company declared a $0.28 dividend to be paid on September 24th, with an ex-dividend date of September 3rd, representing a dividend payout ratio of 11.41%.

Parkwood LLC reduced its position in Fox Corporation (NASDAQ:FOX - Free Report) by 16.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,069 shares of the company's stock after selling 30,341 shares during the period. Parkwood LLC's holdings in FOX were worth $8,068,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Federated Hermes Inc. lifted its stake 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 acquiring an additional 231 shares in the last quarter. IFP Advisors Inc lifted its stake 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 purchasing an additional 572 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in FOX by 183.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company's stock valued at $42,000 after purchasing an additional 518 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of FOX in the first quarter worth about $69,000. Finally, Versant Capital Management Inc raised its holdings in FOX by 327.3% during the 1st 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 period. 26.41% of the stock is currently owned by institutional investors.

FOX Stock Performance

FOX stock traded down $3.79 during midday trading on Tuesday, reaching $53.02. 8,756,352 shares of the company's stock traded hands, compared to its average volume of 1,076,464. The company has a 50-day moving average price of $52.36 and a two-hundred day moving average price of $50.34. 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 Corporation has a 52 week low of $35.89 and a 52 week high of $57.02. The firm has a market capitalization of $23.62 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.40 and a beta of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last issued its earnings results 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. FOX had a net margin of 13.88% and a return on equity of 18.86%. The business had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.12 billion. As a group, equities analysts anticipate that Fox Corporation will post 4.25 EPS for the current year.

FOX Dividend Announcement

The company 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 11.41%.

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.