Fox Corporation $FOX Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its position in shares of Fox Corporation (NASDAQ:FOX) by 45.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,676 shares of the company’s stock after selling 30,026 shares during the period. Intech Investment Management LLC’s holdings in FOX were worth $1,880,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its stake in FOX by 66.2% during the first quarter. Federated Hermes Inc. now owns 580 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares in the last quarter. IFP Advisors Inc raised its stake in shares of FOX by 457.6% in the first quarter. IFP Advisors Inc now owns 697 shares of the company’s stock valued at $37,000 after acquiring an additional 572 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of FOX by 183.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company’s stock valued at $42,000 after acquiring an additional 518 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of FOX in the first quarter valued at $69,000. Finally, Versant Capital Management Inc raised its stake in shares of FOX by 327.3% in the first quarter. Versant Capital Management Inc now owns 1,346 shares of the company’s stock valued at $71,000 after acquiring an additional 1,031 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Down 2.0%

Shares of NASDAQ FOX opened at $52.01 on Wednesday. The stock has a market cap of $23.17 billion, a P/E ratio of 10.59, a PEG ratio of 1.30 and a beta of 0.57. The company has a current ratio of 2.91, a quick ratio of 2.76 and a debt-to-equity ratio of 0.55. Fox Corporation has a 12-month low of $36.76 and a 12-month high of $57.02. The business’s fifty day simple moving average is $52.51 and its 200-day simple moving average is $50.30.

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

FOX Dividend Announcement

The business also recently disclosed a half year 25 dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be paid a $0.28 dividend. 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.