VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Fox Corporation (NASDAQ:FOXA – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 412,550 shares of the company’s stock, valued at approximately $21,519,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.10% of FOX at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. FWL Investment Management LLC bought a new position in FOX during the 3rd quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in FOX in the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in FOX in the second quarter valued at approximately $35,000. Quantbot Technologies LP purchased a new stake in shares of FOX during the third quarter valued at approximately $51,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of FOX by 205.6% during the first quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock valued at $52,000 after purchasing an additional 621 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FOXA has been the topic of several analyst reports. Wolfe Research raised shares of FOX from a “peer perform” rating to an “outperform” rating and set a $71.00 target price on the stock in a research note on Tuesday, June 30th. UBS Group reissued a “neutral” rating on shares of FOX in a research report on Monday, June 15th. JPMorgan Chase & Co. raised shares of FOX from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $70.00 to $82.00 in a report on Friday, August 14th. Rothschild & Co Redburn set a $71.00 price objective on shares of FOX and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Evercore set a $73.00 price objective on shares of FOX in a research note on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, FOX currently has an average rating of “Hold” and a consensus price target of $74.38.
FOX Price Performance
Shares of FOX stock opened at $65.42 on Tuesday. The company has a quick ratio of 2.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.56. The company has a market cap of $27.45 billion, a PE ratio of 17.08, a P/E/G ratio of 1.18 and a beta of 0.55. The business has a 50 day moving average of $61.14 and a 200 day moving average of $60.66. Fox Corporation has a 52 week low of $48.34 and a 52 week high of $76.39.
FOX (NASDAQ:FOXA – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $3.64 billion. FOX had a return on equity of 20.64% and a net margin of 9.84%.The firm’s revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. As a group, equities research analysts forecast that Fox Corporation will post 5.94 earnings per share for the current year.
FOX Dividend Announcement
The business also recently announced a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be given a $0.29 dividend. This represents a dividend yield of 86.0%. The ex-dividend date of this dividend is Wednesday, September 2nd. FOX’s dividend payout ratio (DPR) is currently 15.14%.
FOX Profile
Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.
Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.
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