18,892 Shares in Fox Corporation $FOXA Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue bought a new position in shares of Fox Corporation (NASDAQ:FOXA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,892 shares of the company’s stock, valued at approximately $1,183,000.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of FOX in the third quarter worth $532,000. Forvis Mazars Wealth Advisors LLC purchased a new stake in shares of FOX during the third quarter valued at $222,000. NorthCrest Asset Manangement LLC purchased a new stake in shares of FOX during the third quarter valued at $383,000. Wedmont Private Capital grew its holdings in shares of FOX by 27.7% during the third quarter. Wedmont Private Capital now owns 5,433 shares of the company’s stock valued at $345,000 after buying an additional 1,178 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of FOX by 811.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 911 shares of the company’s stock valued at $57,000 after acquiring an additional 811 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lachlan Murdoch acquired 149,934 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of $68.53 per share, with a total value of $10,274,977.02. Following the purchase, the chief executive officer directly owned 1,401,713 shares of the company’s stock, valued at $96,059,391.89. This trade represents a 11.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.89% of the company’s stock.

FOX Price Performance

Shares of FOXA opened at $67.00 on Wednesday. The business’s 50-day moving average is $65.39 and its two-hundred day moving average is $62.06. The company has a market capitalization of $28.12 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.14 and a beta of 0.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.99 and a current ratio of 3.17. Fox Corporation has a fifty-two week low of $48.34 and a fifty-two week high of $76.39.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.35. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $3.64 billion. FOX had a return on equity of 20.64% and a net margin of 9.84%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 EPS. Research analysts predict that Fox Corporation will post 6.06 earnings per share for the current year.

FOX Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a yield of 86.0%. FOX’s payout ratio is presently 15.14%.

Wall Street Analyst Weigh In

Several research firms have weighed in on FOXA. Wolfe Research upgraded FOX from a “peer perform” rating to an “outperform” rating and set a $71.00 price target on the stock in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $80.00 price objective on shares of FOX in a research note on Friday, August 14th. Needham & Company LLC started coverage on FOX in a report on Friday. They set a “buy” rating for the company. Oppenheimer downgraded shares of FOX to a “market perform” rating in a report on Friday. Finally, Fox Advisors set a $85.00 price target on shares of FOX in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.12.

FOX Profile

Fox Corporation (NASDAQ: FOXA) is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.