Fox Co. (NASDAQ:FOXA) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of Fox Co. (NASDAQ:FOXA) by 542.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,781 shares of the company’s stock after acquiring an additional 166,994 shares during the quarter. Quantbot Technologies LP’s holdings in FOX were worth $6,798,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several analysts recently commented on FOXA shares. Rosenblatt Securities raised their target price on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. The Goldman Sachs Group lifted their target price on shares of FOX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of FOX from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FOX from $39.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Evercore ISI lifted their price target on FOX from $33.00 to $38.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.23.

FOX Price Performance

NASDAQ:FOXA opened at $39.66 on Monday. The stock has a 50 day moving average price of $38.68 and a 200 day moving average price of $34.42. The stock has a market cap of $18.25 billion, a PE ratio of 12.43, a P/E/G ratio of 1.78 and a beta of 0.76. 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 one year low of $28.28 and a one year high of $41.58.

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, beating analysts’ consensus estimates of $0.83 by $0.07. The firm 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%. FOX’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Equities research analysts expect that Fox Co. will post 3.72 EPS for the current fiscal year.

FOX Increases Dividend

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

Insider Transactions at FOX

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

About FOX

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.