Sienna Gestion Sells 6,930 Shares of Fox Corporation (NASDAQ:FOX)

Key Points

• Sienna Gestion reduced its stake in Fox Corporation by 5.4%, selling 6,930 shares, and now holds a total of 121,519 shares valued at approximately $6.23 million.
• The company's recent earnings report revealed an EPS of $1.27, exceeding analysts' expectations, with revenue of $3.29 billion for the quarter.
• Fox Corporation declared a $0.28 dividend to be paid on September 24th, with a current payout ratio of 11.00%.

Sienna Gestion trimmed its position in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,519 shares of the company's stock after selling 6,930 shares during the quarter. Sienna Gestion's holdings in FOX were worth $6,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Federated Hermes Inc. lifted its holdings in FOX by 66.2% in the first quarter. Federated Hermes Inc. now owns 580 shares of the company's stock valued at $31,000 after buying an additional 231 shares during the period. IFP Advisors Inc lifted its holdings 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 buying an additional 572 shares during the period. Versant Capital Management Inc lifted its holdings in FOX by 327.3% in the first quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock valued at $71,000 after buying an additional 1,031 shares during the period. Covestor Ltd lifted its holdings in FOX by 37.0% in the first quarter. Covestor Ltd now owns 1,402 shares of the company's stock valued at $74,000 after buying an additional 379 shares during the period. Finally, Mufg Securities Americas Inc. acquired a new position in FOX in the fourth quarter valued at approximately $89,000. 26.41% of the stock is owned by institutional investors.

FOX Trading Up 5.1%

FOX opened at $53.78 on Thursday. The firm's fifty day moving average is $50.90 and its two-hundred day moving average is $49.85. 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 firm has a market cap of $24.18 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.26 and a beta of 0.58. Fox Corporation has a twelve month low of $35.89 and a twelve month high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, topping 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 analyst estimates of $3.12 billion. Equities research analysts anticipate that Fox Corporation will post 4.25 EPS for the current year.

FOX Dividend Announcement

The firm 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 paid a $0.28 dividend. The ex-dividend date is Wednesday, September 3rd. FOX's payout ratio is presently 11.00%.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the transaction, the chief financial officer directly owned 133,923 shares in the company, valued at $7,415,316.51. The trade was 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. Insiders own 23.06% of the company's stock.

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.

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