Cubist Systematic Strategies LLC lifted its holdings in shares of Fox Corp (NASDAQ:FOXA) by 158.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,923 shares of the company’s stock after acquiring an additional 66,830 shares during the period. Cubist Systematic Strategies LLC’s holdings in FOX were worth $2,921,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its stake in FOX by 7.2% in the first quarter. Public Employees Retirement Association of Colorado now owns 67,363 shares of the company’s stock valued at $1,592,000 after acquiring an additional 4,515 shares during the last quarter. Aperio Group LLC boosted its stake in FOX by 72.3% in the first quarter. Aperio Group LLC now owns 118,724 shares of the company’s stock valued at $2,805,000 after acquiring an additional 49,810 shares during the last quarter. Alps Advisors Inc. purchased a new position in FOX in the first quarter valued at about $211,000. Rhumbline Advisers raised its position in shares of FOX by 8.8% in the first quarter. Rhumbline Advisers now owns 642,472 shares of the company’s stock valued at $15,182,000 after purchasing an additional 51,907 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of FOX by 17.7% in the first quarter. Russell Investments Group Ltd. now owns 210,652 shares of the company’s stock valued at $5,019,000 after purchasing an additional 31,638 shares during the period. 57.41% of the stock is owned by institutional investors.
Several analysts have recently issued reports on the stock. Rosenblatt Securities lowered their price target on shares of FOX from $23.00 to $22.00 and set a “sell” rating on the stock in a research report on Monday, August 10th. Goldman Sachs Group assumed coverage on shares of FOX in a research report on Monday, July 13th. They issued a “sell” rating and a $21.00 price target on the stock. Guggenheim lowered their price target on shares of FOX from $32.00 to $29.00 in a research report on Wednesday, July 15th. Loop Capital raised shares of FOX from a “hold” rating to a “buy” rating in a research report on Friday, July 24th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of FOX in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. FOX currently has a consensus rating of “Hold” and an average target price of $29.00.
Shares of FOX stock opened at $28.61 on Wednesday. Fox Corp has a 52-week low of $19.81 and a 52-week high of $39.74. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 17.77 and a beta of 1.39. The company has a fifty day moving average of $26.48 and a 200-day moving average of $26.62. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.48 and a current ratio of 3.93.
FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. FOX had a net margin of 8.12% and a return on equity of 14.93%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The firm’s revenue was down 3.8% on a year-over-year basis. On average, equities research analysts forecast that Fox Corp will post 1.9 earnings per share for the current fiscal year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 2nd will be paid a $0.23 dividend. The ex-dividend date is Tuesday, September 1st. This represents a dividend yield of 1.8%. FOX’s dividend payout ratio (DPR) is 18.55%.
Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
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