TD Asset Management Inc Has $9.06 Million Position in Fox Corporation (NASDAQ:FOX)

Key Points

• TD Asset Management Inc reduced its stake in Fox Corporation by 11.8% in the first quarter, now holding shares worth approximately $9.06 million.
• Several institutional investors increased their positions in Fox, with Independent Franchise Partners LLP raising their stake by 15.4% in the fourth quarter, owning over 5.7 million shares valued at approximately $261 million.
• Fox Corporation reported strong earnings with an EPS of $1.10 for the quarter, surpassing analysts' expectations by $0.14 and generating $4.37 billion in revenue.

TD Asset Management Inc cut its stake in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 11.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,805 shares of the company's stock after selling 23,038 shares during the quarter. TD Asset Management Inc's holdings in FOX were worth $9,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Independent Franchise Partners LLP increased its position in FOX by 15.4% in the 4th quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock valued at $261,010,000 after acquiring an additional 759,874 shares during the period. Geode Capital Management LLC grew its stake in shares of FOX by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 3,224,397 shares of the company's stock worth $147,122,000 after purchasing an additional 114,442 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in FOX by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,268 shares of the company's stock valued at $112,908,000 after purchasing an additional 131,018 shares during the period. Northern Trust Corp raised its position in FOX by 5.8% during the 4th quarter. Northern Trust Corp now owns 1,523,894 shares of the company's stock worth $69,703,000 after purchasing an additional 83,904 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 buying an additional 227,589 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the transaction, the chief financial officer owned 133,923 shares of the company's stock, valued at $7,415,316.51. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 23.06% of the stock is currently owned by company insiders.

FOX Trading Up 0.3%

NASDAQ FOX opened at $51.14 on Friday. The firm has a market capitalization of $22.99 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.56. The business's 50-day moving average price is $50.89 and its two-hundred day moving average price is $49.57. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. Fox Corporation has a 12 month low of $33.72 and a 12 month high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.19 billion. On average, analysts expect that Fox Corporation will post 4.25 EPS for the current year.

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.

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