Charles Schwab Investment Management Inc. Increases Stock Holdings in Fox Corporation $FOX

Charles Schwab Investment Management Inc. raised its holdings in Fox Corporation (NASDAQ:FOX) by 13.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,126 shares of the company’s stock after purchasing an additional 5,089 shares during the period. Charles Schwab Investment Management Inc.’s holdings in FOX were worth $2,273,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of FOX by 82.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,355 shares of the company’s stock valued at $1,126,000 after purchasing an additional 9,669 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of FOX by 24.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,449 shares of the company’s stock valued at $287,000 after purchasing an additional 1,060 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of FOX in the 1st quarter valued at approximately $360,000. KBC Group NV raised its position in shares of FOX by 35.8% in the 1st quarter. KBC Group NV now owns 34,095 shares of the company’s stock valued at $1,797,000 after purchasing an additional 8,987 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of FOX by 9.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,483 shares of the company’s stock valued at $883,000 after purchasing an additional 1,528 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Price Performance

Shares of NASDAQ FOX opened at $54.55 on Friday. Fox Corporation has a twelve month low of $35.89 and a twelve month 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 company has a market capitalization of $24.30 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.58. The business has a 50 day simple moving average of $51.88 and a 200-day simple moving average of $50.22.

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

FOX Dividend Announcement

The firm also recently declared a half year 25 dividend, which will be paid on Wednesday, September 24th. Shareholders 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%.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the business’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 owned 133,923 shares in the company, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 23.06% of the company’s stock.

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.