Federated Hermes Inc. Grows Stock Holdings in Fox Corporation (NASDAQ:FOX)

Federated Hermes Inc. raised its position in shares of Fox Corporation (NASDAQ:FOX) by 66.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 580 shares of the company’s stock after buying an additional 231 shares during the period. Federated Hermes Inc.’s holdings in FOX were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in FOX by 16.6% in the first quarter. CWM LLC now owns 1,892 shares of the company’s stock valued at $100,000 after buying an additional 270 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in FOX by 2.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,040 shares of the company’s stock valued at $529,000 after buying an additional 270 shares in the last quarter. Fifth Third Bancorp raised its stake in FOX by 7.5% in the first quarter. Fifth Third Bancorp now owns 4,398 shares of the company’s stock valued at $232,000 after buying an additional 307 shares in the last quarter. CMC Financial Group raised its stake in FOX by 5.9% in the first quarter. CMC Financial Group now owns 5,618 shares of the company’s stock valued at $296,000 after buying an additional 311 shares in the last quarter. Finally, Picton Mahoney Asset Management raised its stake in FOX by 6.9% in the first quarter. Picton Mahoney Asset Management now owns 5,400 shares of the company’s stock valued at $285,000 after buying an additional 350 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of the business’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the transaction, the chief financial officer 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 legal filing with the SEC, which is available at the SEC website. Company insiders own 23.06% of the company’s stock.

FOX Stock Up 0.9%

FOX stock opened at $49.63 on Tuesday. The stock’s fifty day moving average is $50.81 and its two-hundred day moving average is $49.82. 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 Corporation has a 1-year low of $35.89 and a 1-year high of $55.00. The stock has a market cap of $22.31 billion, a PE ratio of 10.11, a P/E/G ratio of 1.21 and a beta of 0.58.

FOX (NASDAQ:FOX) last posted its earnings results 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 business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.12 billion. On average, sell-side analysts expect that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

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 given a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 3rd. FOX’s payout ratio is 11.00%.

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.