Fox Corporation $FOXA Shares Bought by National Pension Service

National Pension Service boosted its holdings in Fox Corporation (NASDAQ:FOXA) by 50.6% in the second quarter, HoldingsChannel.com reports. The firm owned 71,860 shares of the company’s stock after acquiring an additional 24,154 shares during the period. National Pension Service’s holdings in FOX were worth $3,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in FOX by 205.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock worth $52,000 after buying an additional 621 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in FOX by 286.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,368 shares of the company’s stock valued at $77,000 after buying an additional 1,014 shares during the period. Baird Financial Group Inc. increased its stake in shares of FOX by 19.7% during the second quarter. Baird Financial Group Inc. now owns 17,500 shares of the company’s stock valued at $981,000 after acquiring an additional 2,876 shares during the period. California State Teachers Retirement System increased its position in shares of FOX by 16.6% during the 2nd quarter. California State Teachers Retirement System now owns 350,844 shares of the company’s stock valued at $19,661,000 after purchasing an additional 49,963 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in FOX by 72.0% during the second quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company’s stock valued at $101,948,000 after buying an additional 762,645 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FOXA has been the topic of several recent research reports. Fox Advisors set a $82.00 price objective on shares of FOX in a research note on Friday, August 14th. Weiss Ratings downgraded FOX from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $80.00 target price on shares of FOX in a research note on Friday, August 14th. Rothschild & Co Redburn set a $71.00 price objective on FOX and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Wells Fargo & Company raised FOX from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $80.00 in a research note on Friday, August 14th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, FOX has an average rating of “Hold” and a consensus target price of $74.38.

FOX Stock Performance

FOX stock opened at $65.94 on Monday. Fox Corporation has a 52 week low of $48.34 and a 52 week high of $76.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.99 and a current ratio of 3.17. The firm has a market capitalization of $27.67 billion, a PE ratio of 17.22, a PEG ratio of 1.18 and a beta of 0.55. The business’s 50-day simple moving average is $61.96 and its 200-day simple moving average is $60.90.

FOX (NASDAQ:FOXA) last announced its earnings results on Thursday, August 6th. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.35. The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $3.64 billion. FOX had a return on equity of 20.64% and a net margin of 9.84%.The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 EPS. Equities research analysts forecast that Fox Corporation will post 5.94 earnings per share for the current year.

FOX Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be given a $0.29 dividend. This represents a dividend yield of 86.0%. The ex-dividend date of this dividend is Wednesday, September 2nd. FOX’s dividend payout ratio is currently 15.14%.

About FOX

Fox Corporation (NASDAQ: FOXA) is a media and entertainment company formed in 2019 following the separation of certain assets from 21st Century Fox. The company operates a portfolio of news, sports and entertainment brands focused primarily on the United States, with select services and programming available internationally.

Fox’s businesses include FOX News Media, which operates FOX News Channel, FOX Business Network, FOX News Digital and related subscription and streaming services. Its sports operations include FOX Sports, FS1, FS2, FOX Deportes, the Big Ten Network and sports programming distributed through digital platforms.