Commonwealth Equity Services LLC Grows Position in Fox Co. (NASDAQ:FOXA)

Commonwealth Equity Services LLC boosted its stake in Fox Co. (NASDAQ:FOXA) by 42.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,346 shares of the company’s stock after buying an additional 3,357 shares during the period. Commonwealth Equity Services LLC’s holdings in FOX were worth $390,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FOXA. Mitsubishi UFJ Trust & Banking Corp boosted its position in FOX by 31.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 495,488 shares of the company’s stock valued at $15,523,000 after buying an additional 117,458 shares during the period. Jane Street Group LLC boosted its holdings in FOX by 25.2% in the first quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock valued at $4,362,000 after purchasing an additional 28,072 shares during the period. Scout Investments Inc. grew its stake in FOX by 102.0% during the 4th quarter. Scout Investments Inc. now owns 209,871 shares of the company’s stock worth $6,227,000 after purchasing an additional 105,960 shares in the last quarter. Hsbc Holdings PLC increased its holdings in FOX by 99.9% during the 4th quarter. Hsbc Holdings PLC now owns 652,921 shares of the company’s stock worth $19,339,000 after purchasing an additional 326,254 shares during the period. Finally, UniSuper Management Pty Ltd raised its position in FOX by 565.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 23,830 shares of the company’s stock valued at $745,000 after purchasing an additional 20,250 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

FOXA has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of FOX from $36.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Macquarie raised their price target on FOX from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Evercore ISI upped their price objective on FOX from $33.00 to $38.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on FOX from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.23.

Insider Buying and Selling

In other FOX news, COO John Nallen sold 52,874 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $9,717,559.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $9,717,559.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the purchase, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. The disclosure for this purchase can be found here. Company insiders own 21.77% of the company’s stock.

FOX Trading Down 0.7 %

NASDAQ:FOXA opened at $40.21 on Monday. The business’s 50-day moving average is $39.18 and its two-hundred day moving average is $34.81. The firm has a market capitalization of $18.77 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 1.78 and a beta of 0.76. Fox Co. has a 12 month low of $28.28 and a 12 month high of $41.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33.

FOX (NASDAQ:FOXA) last announced its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. FOX had a return on equity of 15.57% and a net margin of 10.74%. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the company posted $0.88 EPS. FOX’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts predict that Fox Co. will post 3.72 earnings per share for the current fiscal year.

FOX Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.27 per share. This represents a dividend yield of 1.4%. This is a boost from FOX’s previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 4th. FOX’s dividend payout ratio is presently 16.93%.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 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.