Strategy Asset Managers LLC Invests $707,000 in Fox Corporation (NASDAQ:FOX)

Key Points

• Strategy Asset Managers LLC has made a new investment in Fox Corporation, acquiring 13,414 shares valued at approximately $707,000 in the first quarter of the year.
• Institutional investors have significantly increased their stakes in Fox Corporation, with several firms like CIBC Private Wealth Group LLC and Franklin Resources Inc. reporting substantial percentage increases in their holdings during the 4th quarter.
• Fox Corporation also announced a dividend payout of $0.28 per share, which will be distributed to stockholders on September 24th, highlighting a healthy dividend payout ratio of 13.43% for the company.

Strategy Asset Managers LLC acquired a new position in shares of Fox Corporation (NASDAQ:FOX - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,414 shares of the company's stock, valued at approximately $707,000.

Several other large investors also recently made changes to their positions in the company. Federated Hermes Inc. lifted its position in shares of FOX by 66.2% in the first 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 raised its stake in shares of 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 in the last quarter. CIBC Private Wealth Group LLC lifted its position in FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after purchasing an additional 522 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in FOX by 82.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after buying an additional 608 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in FOX by 327.3% in the 1st 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. Institutional investors and hedge funds own 26.41% of the company's stock.

Insider Buying and Selling

In other news, CFO Steven Tomsic sold 5,607 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total value of $310,459.59. Following the transaction, the chief financial officer owned 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 23.06% of the stock is currently owned by corporate insiders.

FOX Price Performance

NASDAQ:FOX traded up $0.13 during mid-day trading on Friday, hitting $49.19. The company's stock had a trading volume of 606,124 shares, compared to its average volume of 1,150,529. The company has a market capitalization of $22.12 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 1.07 and a beta of 0.58. The company has a current ratio of 2.91, a quick ratio of 2.33 and a debt-to-equity ratio of 0.55. Fox Corporation has a fifty-two week low of $35.89 and a fifty-two week high of $55.00. The stock has a fifty day moving average of $50.83 and a 200-day moving average of $49.74.

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, topping 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%. As a group, equities analysts forecast that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a half year 25 dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. FOX's dividend payout ratio is currently 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.