Fox Corporation $FOX Stock Holdings Lessened by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs trimmed its position in shares of Fox Corporation (NASDAQ:FOX) by 21.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 11,803 shares of the company’s stock after selling 3,257 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in FOX were worth $609,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. lifted its stake in shares of FOX by 66.2% in the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company’s stock valued at $31,000 after purchasing an additional 231 shares during the last quarter. IFP Advisors Inc grew its stake in FOX by 457.6% during the first quarter. IFP Advisors Inc now owns 697 shares of the company’s stock worth $37,000 after buying an additional 572 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in FOX by 183.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company’s stock worth $42,000 after buying an additional 518 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of FOX during the first quarter valued at approximately $69,000. Finally, Covestor Ltd boosted its stake in FOX by 37.0% in the first quarter. Covestor Ltd now owns 1,402 shares of the company’s stock valued at $74,000 after acquiring an additional 379 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FOX. Zacks Research upgraded shares of FOX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of FOX in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

FOX Stock Up 0.1%

Shares of NASDAQ FOX opened at $52.90 on Monday. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $53.96 and its 200 day simple moving average is $51.18. Fox Corporation has a 12-month low of $38.25 and a 12-month high of $59.29. The firm has a market cap of $23.57 billion, a PE ratio of 10.77, a P/E/G ratio of 1.26 and a beta of 0.59.

FOX (NASDAQ:FOX) last announced its earnings results on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.03 by $0.24. FOX had a net margin of 13.88% and a return on equity of 18.86%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.12 billion. As a group, sell-side analysts forecast that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The business also recently announced a half year 25 dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. FOX’s dividend payout ratio (DPR) is currently 11.41%.

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.