Wedge Capital Management L L P NC purchased a new position in shares of Fox Corporation (NASDAQ:FOX – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 748,224 shares of the company’s stock, valued at approximately $35,047,000.
A number of other hedge funds have also made changes to their positions in FOX. Versant Capital Management Inc lifted its holdings in FOX by 42.3% in the 2nd quarter. Versant Capital Management Inc now owns 844 shares of the company’s stock valued at $40,000 after purchasing an additional 251 shares in the last quarter. Yousif Capital Management LLC boosted its position in FOX by 1.5% during the fourth quarter. Yousif Capital Management LLC now owns 16,997 shares of the company’s stock worth $1,107,000 after acquiring an additional 259 shares during the last quarter. Baird Financial Group Inc. grew its stake in FOX by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 31,707 shares of the company’s stock valued at $1,637,000 after acquiring an additional 343 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in FOX by 336.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock valued at $35,000 after acquiring an additional 475 shares during the last quarter. Finally, Arlington Partners LLC raised its holdings in FOX by 12.4% in the 2nd quarter. Arlington Partners LLC now owns 5,054 shares of the company’s stock valued at $237,000 after acquiring an additional 556 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.
FOX Trading Down 1.8%
FOX opened at $55.34 on Wednesday. Fox Corporation has a one year low of $44.08 and a one year high of $68.18. The stock has a market capitalization of $23.25 billion, a PE ratio of 14.45, a P/E/G ratio of 1.61 and a beta of 0.57. The business’s 50 day moving average price is $51.50 and its 200 day moving average price is $54.49. 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 Announces Dividend
The company also recently announced a dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a yield of 105.0%. FOX’s dividend payout ratio is presently 14.62%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Citigroup restated a “buy” rating on shares of FOX in a research report on Friday, July 17th. Seaport Research Partners reiterated a “neutral” rating on shares of FOX in a research report on Friday, August 7th. Weiss Ratings lowered FOX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Rothschild & Co Redburn set a $71.00 price target on shares of FOX in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.33.
Get Our Latest Analysis on FOX
FOX Company Profile
Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.
FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.
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