99,359 Shares in Fox Corporation $FOX Purchased by Maven Securities LTD

Maven Securities LTD bought a new position in shares of Fox Corporation (NASDAQ:FOX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 99,359 shares of the company’s stock, valued at approximately $5,237,000.

A number of other hedge funds have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of FOX by 6.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 425,921 shares of the company’s stock valued at $22,450,000 after purchasing an additional 24,265 shares during the period. Korea Investment CORP boosted its position in shares of FOX by 161.6% in the 1st quarter. Korea Investment CORP now owns 124,315 shares of the company’s stock valued at $6,553,000 after purchasing an additional 76,800 shares during the period. Algert Global LLC boosted its position in shares of FOX by 8.6% in the 1st quarter. Algert Global LLC now owns 92,096 shares of the company’s stock valued at $4,854,000 after purchasing an additional 7,300 shares during the period. Ethic Inc. boosted its position in shares of FOX by 25.5% in the 1st quarter. Ethic Inc. now owns 83,140 shares of the company’s stock valued at $4,304,000 after purchasing an additional 16,905 shares during the period. Finally, Aberdeen Group plc boosted its position in shares of FOX by 135.4% in the 1st quarter. Aberdeen Group plc now owns 74,159 shares of the company’s stock valued at $3,833,000 after purchasing an additional 42,659 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Trading Down 1.2%

Shares of NASDAQ FOX opened at $52.75 on Tuesday. Fox Corporation has a one year low of $35.89 and a one year high of $55.00. The firm has a market capitalization of $23.50 billion, a PE ratio of 10.74, a PEG ratio of 1.31 and a beta of 0.58. 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 has a 50-day moving average price of $51.14 and a two-hundred day moving average price of $50.00.

FOX (NASDAQ:FOX) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.12 billion. As a group, analysts predict that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company 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 payout ratio is currently 11.41%.

Insider Activity

In other news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the sale, the chief financial officer directly owned 133,923 shares in the company, valued at $7,415,316.51. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.06% of the stock is currently owned by corporate insiders.

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.