Creative Planning Has $1.47 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

Creative Planning increased its position in shares of Fox Co. (NASDAQ:FOXA) by 18.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,617 shares of the company’s stock after acquiring an additional 5,340 shares during the quarter. Creative Planning’s holdings in FOX were worth $1,465,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in FOX in the third quarter worth $141,000. Ritholtz Wealth Management raised its stake in FOX by 62.0% during the 3rd quarter. Ritholtz Wealth Management now owns 9,705 shares of the company’s stock worth $411,000 after buying an additional 3,715 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in FOX by 51.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 233,700 shares of the company’s stock worth $9,888,000 after buying an additional 79,200 shares during the period. Contravisory Investment Management Inc. bought a new position in FOX during the third quarter worth about $531,000. Finally, Atomi Financial Group Inc. acquired a new position in FOX in the third quarter valued at about $335,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FOXA shares. Guggenheim raised their price target on FOX from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. raised their target price on shares of FOX from $38.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Rosenblatt Securities upped their price target on shares of FOX from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FOX from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Barclays boosted their price objective on shares of FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.08.

Insider Transactions at FOX

In related news, COO John Nallen sold 52,874 shares of the firm’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 completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other FOX news, COO John Nallen sold 52,874 shares of the company’s stock in a transaction that occurred 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 owns 249,424 shares in the company, valued at $9,717,559.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the transaction, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.77% of the stock is owned by company insiders.

FOX Price Performance

NASDAQ:FOXA opened at $42.00 on Wednesday. The stock’s 50-day simple moving average is $41.28 and its 200 day simple moving average is $37.00. Fox Co. has a 52-week low of $28.28 and a 52-week high of $42.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. The company has a market cap of $19.60 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.92 and a beta of 0.76.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Fox Co. will post 3.69 EPS for the current fiscal year.

FOX Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.27 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 4th. This is an increase from FOX’s previous Semi-Annual dividend of $0.26. FOX’s dividend payout ratio (DPR) is 16.93%.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.