Van Lanschot Kempen Investment Management N.V. Sells 27,609 Shares of Fox Corporation $FOX

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in Fox Corporation by 79.1% during the first quarter, ending with 7,313 shares valued at approximately $385,000.
• In contrast, other institutional investors like Sumitomo Mitsui DS Asset Management increased their positions, with some growing by over 82%, indicating mixed investor sentiment about the company.
• Fox Corporation recently announced a $0.28 dividend to be issued to shareholders of record, reflecting a dividend payout ratio of 11.00%.

Van Lanschot Kempen Investment Management N.V. lowered its position in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 79.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,313 shares of the company's stock after selling 27,609 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in FOX were worth $385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FOX. Federated Hermes Inc. lifted its position in FOX by 66.2% during 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 position in FOX by 457.6% during 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 position in FOX by 327.3% during 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 position in FOX by 37.0% during 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. purchased a new position in FOX during the fourth quarter valued at $89,000. Hedge funds and other institutional investors own 26.41% of the company's stock.

Insider Buying and Selling at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer directly owned 133,923 shares in the company, valued at $7,405,941.90. This trade represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.06% of the stock is owned by insiders.

FOX Stock Up 0.4%

FOX stock traded up $0.20 on Monday, hitting $54.63. 438,803 shares of the stock traded hands, compared to its average volume of 1,213,514. Fox Corporation has a 1 year low of $35.89 and a 1 year high of $55.15. The company has a current ratio of 2.91, a quick ratio of 2.76 and a debt-to-equity ratio of 0.55. The business's fifty day simple moving average is $51.47 and its 200 day simple moving average is $50.09. The firm has a market cap of $24.34 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.34 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.24. FOX had a return on equity of 18.86% and a net margin of 13.88%.The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.12 billion. As a group, sell-side analysts forecast that Fox Corporation will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The business also recently declared 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 is Wednesday, September 3rd. FOX's dividend payout ratio (DPR) is presently 11.41%.

FOX Company 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.