Strs Ohio Purchases Shares of 60,992 Fox Corporation $FOX

Key Points

• Strs Ohio has acquired 60,992 shares of Fox Corporation valued at approximately $3,215,000 in the first quarter of the year.
• Fox Corporation reported a quarterly earnings per share of $1.27, exceeding analysts' estimates of $1.03, along with revenue of $3.29 billion.
• The company announced a half-year dividend of $0.28 to be paid on September 24, with the ex-dividend date set for September 3.

Strs Ohio purchased a new position in shares of Fox Corporation (NASDAQ:FOX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 60,992 shares of the company's stock, valued at approximately $3,215,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in FOX by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company's stock worth $768,799,000 after acquiring an additional 249,246 shares in the last quarter. National Bank of Canada FI grew its holdings in FOX by 37.7% during the 1st quarter. National Bank of Canada FI now owns 1,817,328 shares of the company's stock worth $95,791,000 after acquiring an additional 497,544 shares in the last quarter. Amundi grew its holdings in FOX by 5.7% during the 1st quarter. Amundi now owns 1,637,280 shares of the company's stock worth $86,301,000 after acquiring an additional 88,278 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in FOX by 15.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,633,430 shares of the company's stock worth $86,098,000 after acquiring an additional 215,477 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in FOX by 19.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,417,953 shares of the company's stock worth $64,857,000 after acquiring an additional 227,589 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

FOX Stock Up 1.0%

FOX stock traded up $0.53 during mid-day trading on Friday, hitting $54.55. 4,093,482 shares of the company were exchanged, compared to its average volume of 2,234,677. The company has a market capitalization of $24.30 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.33 and a beta of 0.57. 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 Corporation has a twelve month low of $37.27 and a twelve month high of $57.02. The firm has a fifty day simple moving average of $52.69 and a 200 day simple moving average of $50.34.

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

FOX Announces Dividend

The company 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 paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. FOX's payout ratio is presently 11.41%.

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.