FOX (NASDAQ:FOX - Get Free Report) posted its earnings results on Tuesday. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.03 by $0.24, Zacks reports. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.12 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%.
FOX Price Performance
Shares of NASDAQ:FOX traded down $1.28 on Tuesday, reaching $50.74. 2,400,077 shares of the company traded hands, compared to its average volume of 1,243,111. The company's 50 day moving average is $50.93 and its 200-day moving average is $49.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. FOX has a fifty-two week low of $33.81 and a fifty-two week high of $55.00. The stock has a market capitalization of $22.81 billion, a PE ratio of 12.62, a P/E/G ratio of 1.14 and a beta of 0.58.
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 given a $0.28 dividend. FOX's dividend payout ratio (DPR) is 13.43%.
Insider Transactions at FOX
In other news, CFO Steven Tomsic sold 5,607 shares of the company's stock in a transaction on 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 directly owned 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.06% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On FOX
Several hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its stake in shares of FOX by 95.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company's stock valued at $76,000 after buying an additional 703 shares during the period. Jane Street Group LLC boosted its holdings in FOX by 427.0% during the first quarter. Jane Street Group LLC now owns 97,261 shares of the company's stock worth $5,127,000 after buying an additional 78,804 shares during the last quarter. Woodline Partners LP boosted its holdings in FOX by 40.7% during the first quarter. Woodline Partners LP now owns 11,145 shares of the company's stock worth $587,000 after buying an additional 3,222 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of FOX during the first quarter worth $224,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of FOX by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the company's stock worth $656,000 after purchasing an additional 586 shares in the last quarter. Institutional investors own 26.41% of the company's stock.
About FOX
(
Get Free Report)
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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