Russell Investments Group Ltd. Purchases 12,954 Shares of Fox Corporation $FOX

Key Points

• Russell Investments Group Ltd. increased its holdings in Fox Corporation by 8.6%, acquiring a total of 163,982 shares worth approximately $8.56 million.
• The company's CFO sold 39,642 shares at an average price of $55.30, reducing his ownership stake by nearly 22.84%.
• Fox Corporation announced a half-year dividend of $0.28 per share, with an ex-dividend date of September 3rd.

Russell Investments Group Ltd. raised its stake in Fox Corporation (NASDAQ:FOX - Free Report) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,982 shares of the company's stock after acquiring an additional 12,954 shares during the quarter. Russell Investments Group Ltd.'s holdings in FOX were worth $8,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FOX. Federated Hermes Inc. grew its holdings in FOX by 66.2% during the first quarter. Federated Hermes Inc. now owns 580 shares of the company's stock valued at $31,000 after purchasing an additional 231 shares during the period. IFP Advisors Inc lifted its position in shares of FOX by 457.6% during the 1st quarter. IFP Advisors Inc now owns 697 shares of the company's stock valued at $37,000 after buying an additional 572 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of FOX by 327.3% during the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock worth $71,000 after acquiring an additional 1,031 shares during the period. Covestor Ltd increased its holdings in FOX by 37.0% in the 1st quarter. Covestor Ltd now owns 1,402 shares of the company's stock worth $74,000 after acquiring an additional 379 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in FOX in the 1st quarter worth about $91,000. Hedge funds and other institutional investors own 26.41% of the company's stock.

Insider Buying and Selling at FOX

In related news, CFO Steven Tomsic sold 39,642 shares of the business's stock in a transaction 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 sale, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 23.06% of the company's stock.

FOX Stock Performance

NASDAQ FOX traded up $0.45 during trading on Friday, hitting $54.43. 907,071 shares of the company's stock traded hands, compared to its average volume of 1,127,719. 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 market capitalization of $24.25 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.33 and a beta of 0.58. Fox Corporation has a 12-month low of $35.89 and a 12-month high of $55.15. The business has a 50 day moving average of $51.47 and a 200-day moving average of $50.10.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.24. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.12 billion. FOX had a net margin of 13.88% and a return on equity of 18.86%. As a group, equities research analysts anticipate that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, September 3rd. FOX's dividend payout ratio (DPR) is presently 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.