Groupama Asset Managment Increases Stake in Fox Corporation $FOX

Groupama Asset Managment grew its stake in Fox Corporation (NASDAQ:FOX) by 6.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 23,806 shares of the company’s stock after buying an additional 1,529 shares during the quarter. Groupama Asset Managment’s holdings in FOX were worth $1,203,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. boosted its stake in shares of FOX by 66.2% in the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company’s stock valued at $31,000 after buying an additional 231 shares during the period. IFP Advisors Inc boosted its stake in shares of FOX by 457.6% in the 1st quarter. IFP Advisors Inc now owns 697 shares of the company’s stock valued at $37,000 after buying an additional 572 shares during the period. Versant Capital Management Inc boosted its stake in shares of FOX by 327.3% in the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company’s stock valued at $71,000 after buying an additional 1,031 shares during the period. Covestor Ltd boosted its stake in shares of FOX by 37.0% in the 1st quarter. Covestor Ltd now owns 1,402 shares of the company’s stock valued at $74,000 after buying an additional 379 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new position in shares of FOX in the 4th quarter valued at about $89,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the transaction, the chief financial officer owned 133,923 shares of the company’s stock, valued at $7,415,316.51. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 23.06% of the company’s stock.

FOX Price Performance

Shares of NASDAQ FOX opened at $54.01 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.76 and a current ratio of 2.91. Fox Corporation has a fifty-two week low of $35.89 and a fifty-two week high of $55.00. The firm has a market capitalization of $24.06 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 1.31 and a beta of 0.58. The stock’s 50-day simple moving average is $51.28 and its 200-day simple moving average is $50.05.

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

FOX Announces Dividend

The firm 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 of this dividend is Wednesday, September 3rd. FOX’s dividend payout ratio (DPR) is 11.00%.

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.