10,301 Shares in Fox Corporation $FOXA Bought by Signaturefd LLC

Signaturefd LLC bought a new stake in shares of Fox Corporation (NASDAQ:FOXA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,301 shares of the company’s stock, valued at approximately $645,000.

Other institutional investors have also bought and sold shares of the company. Squarepoint Ops LLC lifted its position in shares of FOX by 12.4% in the second quarter. Squarepoint Ops LLC now owns 1,127,389 shares of the company’s stock valued at $58,805,000 after acquiring an additional 124,143 shares in the last quarter. Allianz Asset Management GmbH grew its stake in FOX by 2.6% during the second quarter. Allianz Asset Management GmbH now owns 966,811 shares of the company’s stock valued at $50,429,000 after acquiring an additional 24,511 shares in the last quarter. Junto Capital Management LP bought a new stake in FOX in the 2nd quarter valued at $34,773,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of FOX during the third quarter valued at about $29,395,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of FOX in the second quarter worth about $21,519,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Up 1.8%

FOX stock opened at $64.51 on Friday. The business has a fifty day moving average of $65.18 and a two-hundred day moving average of $62.37. The company has a quick ratio of 2.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.56. The firm has a market cap of $27.07 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.10 and a beta of 0.60. Fox Corporation has a twelve month low of $48.34 and a twelve month high of $76.39.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.44 by $0.35. FOX had a net margin of 9.84% and a return on equity of 20.64%. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the firm posted $1.27 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. On average, analysts forecast that Fox Corporation will post 6.06 earnings per share for the current fiscal year.

FOX Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were given a dividend of $0.29 per share. This represents a yield of 86.0%. The ex-dividend date of this dividend was Wednesday, September 2nd. FOX’s dividend payout ratio is currently 15.14%.

Insider Buying and Selling at FOX

In related news, CEO Lachlan Murdoch acquired 149,934 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average price of $68.53 per share, for a total transaction of $10,274,977.02. Following the completion of the acquisition, the chief executive officer directly owned 1,401,713 shares in the company, valued at $96,059,391.89. The trade was a 11.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.89% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on FOXA. Bank of America raised FOX from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $54.00 to $85.00 in a research note on Friday, October 16th. Citigroup initiated coverage on shares of FOX in a research report on Monday, September 14th. They set an “outperform” rating on the stock. Fox Advisors set a $85.00 price objective on FOX in a research report on Friday, October 16th. KeyCorp cut FOX to a “sector weight” rating in a report on Friday, October 16th. Finally, Needham & Company LLC assumed coverage on shares of FOX in a research note on Friday, October 16th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.94.

About FOX

Fox Corporation (NASDAQ: FOXA) is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.