Royal Bank of Canada Sells 83,087 Shares of Fox Corporation $FOX

Royal Bank of Canada lessened its position in Fox Corporation (NASDAQ:FOX - Free Report) by 17.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 400,915 shares of the company's stock after selling 83,087 shares during the quarter. Royal Bank of Canada owned approximately 0.09% of FOX worth $21,131,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FOX. Jane Street Group LLC purchased a new position in FOX during the fourth quarter valued at $844,000. Deutsche Bank AG raised its stake in FOX by 15.8% during the fourth quarter. Deutsche Bank AG now owns 905,031 shares of the company's stock valued at $41,396,000 after buying an additional 123,542 shares during the last quarter. Ethic Inc. raised its stake in FOX by 122.5% during the fourth quarter. Ethic Inc. now owns 66,235 shares of the company's stock valued at $3,030,000 after buying an additional 36,470 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in FOX by 91.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 39,427 shares of the company's stock valued at $1,803,000 after buying an additional 18,865 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in FOX during the fourth quarter valued at $271,000. Hedge funds and other institutional investors own 26.41% of the company's stock.

FOX Stock Up 2.0%

NASDAQ:FOX traded up $1.04 during trading hours on Thursday, reaching $52.84. 4,918,212 shares of the company traded hands, compared to its average volume of 1,316,372. The business's 50-day moving average price is $52.38 and its two-hundred day moving average price is $50.35. The stock has a market capitalization of $23.54 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.30 and a beta of 0.57. Fox Corporation has a 1 year low of $35.89 and a 1 year high of $57.02. The company has a current ratio of 2.91, a quick ratio of 2.76 and a debt-to-equity ratio of 0.55.

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 business 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%. Analysts predict that Fox Corporation will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The firm also recently announced 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.