Vanguard Personalized Indexing Management LLC Purchases 13,957 Shares of Fox Co. (NASDAQ:FOXA)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Fox Co. (NASDAQ:FOXA) by 54.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,573 shares of the company’s stock after purchasing an additional 13,957 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in FOX were worth $1,350,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its position in shares of FOX by 176.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock worth $25,000 after acquiring an additional 461 shares in the last quarter. UMB Bank n.a. lifted its holdings in FOX by 254.4% during the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock worth $35,000 after purchasing an additional 809 shares in the last quarter. Friedenthal Financial bought a new position in FOX in the 2nd quarter worth about $51,000. Duncker Streett & Co. Inc. bought a new stake in shares of FOX during the second quarter valued at about $52,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of FOX during the first quarter valued at about $66,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of FOX from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Macquarie upped their price target on shares of FOX from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Rosenblatt Securities increased their price objective on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company upgraded FOX from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $29.00 to $46.00 in a research report on Friday, August 16th. Finally, The Goldman Sachs Group raised their price target on FOX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.23.

Insider Buying and Selling at FOX

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

FOX Trading Down 0.7 %

Shares of FOXA opened at $40.21 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $41.58. The firm has a 50 day moving average price of $39.18 and a 200-day moving average price of $34.81. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.78 and a beta of 0.76.

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

FOX Increases Dividend

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

FOX Company 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.