UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Stake in Fox Corporation $FOX

Key Points

• UBS Asset Management Americas LLC increased its stake in Fox Corporation by 15.2% during the first quarter, now holding approximately 1,633,430 shares valued at $86 million.
• Fox Corporation reported a quarterly EPS of $1.27, surpassing estimates, with revenues of $3.29 billion and a net margin of 13.88%.
• The company announced a $0.28 per share dividend, set to be paid on September 24, highlighting its consistent cash return to investors.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,633,430 shares of the company's stock after purchasing an additional 215,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.36% of FOX worth $86,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in FOX by 66.2% during the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company's stock worth $31,000 after purchasing an additional 231 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of FOX by 457.6% during the first quarter. IFP Advisors Inc now owns 697 shares of the company's stock worth $37,000 after buying an additional 572 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of FOX by 183.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company's stock valued at $42,000 after buying an additional 518 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of FOX in the 1st quarter valued at $69,000. Finally, Versant Capital Management Inc raised its stake in FOX by 327.3% in 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 last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Down 0.1%

FOX stock opened at $52.79 on Friday. The company has a market capitalization of $23.52 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 1.30 and a beta of 0.57. Fox Corporation has a 12 month low of $36.15 and a 12 month high of $57.02. The firm's fifty day simple moving average is $52.43 and its 200-day simple moving average is $50.31. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 2.76.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 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 forecast that Fox Corporation will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The company also recently announced a half year 25 dividend, which will be paid on Wednesday, September 24th. Stockholders 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 payout ratio is 11.41%.

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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