Friedenthal Financial Buys New Shares in Fox Co. (NASDAQ:FOX)

Friedenthal Financial purchased a new position in Fox Co. (NASDAQ:FOX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,597 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOX. Allworth Financial LP raised its position in shares of FOX by 176.5% during the 4th quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock worth $28,000 after acquiring an additional 639 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in FOX by 286.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company’s stock worth $32,000 after purchasing an additional 860 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of FOX during the 4th quarter worth approximately $54,000. CWM LLC boosted its holdings in shares of FOX by 27.9% in the 4th quarter. CWM LLC now owns 2,486 shares of the company’s stock valued at $69,000 after buying an additional 543 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of FOX in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Trading Up 0.0 %

Shares of FOX stock opened at $36.26 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.94 and a current ratio of 3.24. Fox Co. has a 1 year low of $25.82 and a 1 year high of $37.13. The company’s fifty day moving average is $33.36 and its two-hundred day moving average is $30.36. The company has a market capitalization of $16.92 billion, a P/E ratio of 11.37, a PEG ratio of 5.71 and a beta of 0.82.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. FOX had a return on equity of 15.90% and a net margin of 11.19%. During the same quarter in the previous year, the company posted $0.88 earnings per share. Analysts forecast that Fox Co. will post 3.32 earnings per share for the current year.

FOX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.27 per share. This is a boost from FOX’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, September 4th. FOX’s dividend payout ratio is currently 16.93%.

Analysts Set New Price Targets

Separately, Seaport Res Ptn upgraded FOX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 30,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the sale, the chief financial officer now owns 110,568 shares of the company’s stock, valued at $3,788,059.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.21% of the stock is owned by corporate insiders.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 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.