Van Lanschot Kempen Investment Management N.V. Reduces Stock Holdings in Fox Corporation $FOX

Van Lanschot Kempen Investment Management N.V. decreased its stake in Fox Corporation (NASDAQ:FOX) by 79.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,313 shares of the company’s stock after selling 27,609 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in FOX were worth $385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. boosted its holdings in shares of FOX by 66.2% in the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares during the period. IFP Advisors Inc lifted its stake in shares of FOX by 457.6% during the 1st quarter. IFP Advisors Inc now owns 697 shares of the company’s stock worth $37,000 after acquiring an additional 572 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of FOX by 327.3% during the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company’s stock worth $71,000 after acquiring an additional 1,031 shares during the last quarter. Covestor Ltd lifted its stake in shares of FOX by 37.0% during the 1st quarter. Covestor Ltd now owns 1,402 shares of the company’s stock worth $74,000 after acquiring an additional 379 shares during the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of FOX during the 4th quarter worth approximately $89,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the firm’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 transaction, the chief financial officer directly owned 133,923 shares in the company, valued at $7,405,941.90. This trade represents a 22.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 23.06% of the stock is owned by insiders.

FOX Price Performance

Shares of FOX stock opened at $54.01 on Thursday. Fox Corporation has a 52-week low of $35.89 and a 52-week high of $55.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.76 and a current ratio of 2.91. The firm has a market capitalization of $24.06 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.31 and a beta of 0.58. The stock has a 50 day moving average price of $51.28 and a 200 day moving average price of $50.05.

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

FOX Announces Dividend

The company also recently disclosed a half year 25 dividend, which will be paid on Wednesday, September 24th. Shareholders 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 dividend payout ratio (DPR) is presently 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.