Quarry LP Invests $514,000 in Fox Corporation $FOX

Key Points

• Quarry LP has invested approximately $514,000 in Fox Corporation, acquiring 9,751 shares during the first quarter of the year.
• Fox Corporation reported a Q4 EPS of $1.27, surpassing analyst expectations of $1.03, with revenues totaling $3.29 billion.
• The company has announced a half-year $0.28 dividend to be paid on September 24th, with an ex-dividend date of September 3rd.

Quarry LP acquired a new position in Fox Corporation (NASDAQ:FOX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,751 shares of the company's stock, valued at approximately $514,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. grew its position in shares of FOX by 66.2% in the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company's stock worth $31,000 after buying an additional 231 shares during the last quarter. IFP Advisors Inc grew its position in shares of FOX by 457.6% in the 1st quarter. IFP Advisors Inc now owns 697 shares of the company's stock worth $37,000 after buying an additional 572 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in FOX by 183.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company's stock worth $42,000 after purchasing an additional 518 shares in the last quarter. SVB Wealth LLC acquired a new stake in FOX in the 1st quarter worth approximately $69,000. Finally, Versant Capital Management Inc boosted its stake in FOX by 327.3% in the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock worth $71,000 after purchasing an additional 1,031 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

FOX Stock Up 0.5%

FOX stock opened at $54.55 on Monday. The firm has a 50 day moving average of $51.88 and a 200 day moving average of $50.21. The stock has a market capitalization of $24.30 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.57. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. Fox Corporation has a 52 week low of $35.89 and a 52 week high of $55.15.

FOX (NASDAQ:FOX - Get Free Report) last released 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 company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.12 billion. FOX had a net margin of 13.88% and a return on equity of 18.86%. Sell-side analysts forecast that Fox Corporation will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The business also recently announced a half year 25 dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be paid a $0.28 dividend. The ex-dividend date is Wednesday, September 3rd. FOX's dividend payout ratio (DPR) is 11.00%.

Insider Buying and Selling

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

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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