BidaskClub upgraded shares of FOX (NASDAQ:FOX) from a sell rating to a hold rating in a report issued on Saturday, BidAskClub reports.

Several other brokerages have also issued reports on FOX. Zacks Investment Research lowered shares of FOX from a hold rating to a sell rating in a research report on Wednesday, August 21st. Goldman Sachs Group began coverage on shares of FOX in a research report on Wednesday, June 26th. They issued a buy rating and a $46.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. FOX presently has a consensus rating of Hold and a consensus price target of $42.67.

Shares of FOX stock opened at $34.22 on Friday. The firm’s 50 day moving average is $34.49 and its 200 day moving average is $37.73. FOX has a 12 month low of $31.28 and a 12 month high of $41.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.12 and a current ratio of 3.78.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 4th will be paid a $0.23 dividend. This is an increase from FOX’s previous quarterly dividend of $0.18. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, September 3rd.

In other news, Director Roland A. Hernandez acquired 3,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $34.91 per share, for a total transaction of $104,730.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch acquired 600,000 shares of FOX stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of $35.29 per share, for a total transaction of $21,174,000.00. The disclosure for this purchase can be found here. Insiders have purchased 1,103,000 shares of company stock valued at $37,308,730 over the last 90 days.

A hedge fund recently raised its stake in FOX stock. Geode Capital Management LLC grew its stake in shares of Fox Corp (NASDAQ:FOX) by 11.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,711,543 shares of the company’s stock after acquiring an additional 700,231 shares during the period. Geode Capital Management LLC owned about 0.36% of FOX worth $320,130,000 at the end of the most recent quarter. Institutional investors own 23.65% of the company’s stock.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.

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