428,698 Shares in Fox Corporation $FOX Acquired by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. purchased a new position in Fox Corporation (NASDAQ:FOX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 428,698 shares of the company’s stock, valued at approximately $24,136,000. FOX comprises about 12.9% of Cooper Investors PTY Ltd.’s holdings, making the stock its 2nd largest holding.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of FOX by 42.3% during the 2nd quarter. Versant Capital Management Inc now owns 844 shares of the company’s stock valued at $40,000 after buying an additional 251 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in FOX in the second quarter worth $70,000. Glenmede Trust Co. NA grew its position in FOX by 143.9% in the first quarter. Glenmede Trust Co. NA now owns 2,697 shares of the company’s stock worth $143,000 after acquiring an additional 1,591 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in FOX by 27.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,838 shares of the company’s stock valued at $151,000 after acquiring an additional 613 shares during the last quarter. Finally, CX Institutional increased its stake in FOX by 54.4% in the third quarter. CX Institutional now owns 2,898 shares of the company’s stock valued at $163,000 after acquiring an additional 1,021 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FOX shares. Fox Advisors set a $95.00 price target on FOX in a research report on Monday, September 14th. Wolfe Research set a $93.00 price objective on FOX in a report on Thursday, August 20th. Citigroup started coverage on FOX in a research report on Monday, September 14th. They set an “outperform” rating on the stock. Citizens Jmp upgraded FOX to a “strong-buy” rating in a research report on Monday, September 14th. Finally, Weiss Ratings raised FOX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 10th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, FOX presently has a consensus rating of “Buy” and a consensus price target of $77.67.

Insider Activity

In related news, CEO Lachlan Murdoch acquired 149,934 shares of FOX stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average cost of $68.53 per share, with a total value of $10,274,977.02. Following the completion of the purchase, the chief executive officer owned 1,401,713 shares of the company’s stock, valued at $96,059,391.89. This represents a 11.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 23.06% of the company’s stock.

FOX Trading Down 0.1%

Shares of FOX stock traded down $0.05 during trading on Tuesday, reaching $55.93. The company’s stock had a trading volume of 406,782 shares, compared to its average volume of 1,531,820. Fox Corporation has a 52-week low of $44.08 and a 52-week high of $68.18. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.45 and a beta of 0.63. The firm’s 50-day moving average is $58.11 and its two-hundred day moving average is $55.42. The company has a quick ratio of 2.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.56.

FOX (NASDAQ:FOX) last issued its earnings results on Thursday, August 6th. The company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.64 billion. FOX had a net margin of 9.84% and a return on equity of 20.64%. On average, sell-side analysts anticipate that Fox Corporation will post 5.99 earnings per share for the current year.

FOX Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd were paid a dividend of $0.29 per share. This represents a dividend yield of 96.0%. The ex-dividend date of this dividend was Wednesday, September 2nd. FOX’s dividend payout ratio (DPR) is 15.14%.

FOX Profile

Fox Corporation (NASDAQ: FOX) is a U.S. media 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 Tubi streaming service.

FOX News Media operates FOX News Channel, FOX Business Network, FOX News Digital, FOX Nation, and FOX Weather. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and broadcasts scripted and unscripted television content.