Fox Corporation $FOX Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co lowered its holdings in Fox Corporation (NASDAQ:FOX) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,801 shares of the company’s stock after selling 626 shares during the period. Heartland Bank & Trust Co’s holdings in FOX were worth $971,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of FOX by 82.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,355 shares of the company’s stock valued at $1,126,000 after purchasing an additional 9,669 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of FOX by 24.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,449 shares of the company’s stock valued at $287,000 after purchasing an additional 1,060 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of FOX by 13.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 43,126 shares of the company’s stock valued at $2,273,000 after purchasing an additional 5,089 shares during the period. Cerity Partners LLC purchased a new position in shares of FOX in the first quarter valued at $360,000. Finally, KBC Group NV boosted its stake in shares of FOX by 35.8% in the first quarter. KBC Group NV now owns 34,095 shares of the company’s stock valued at $1,797,000 after purchasing an additional 8,987 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FOX. Weiss Ratings restated a “buy (b+)” rating on shares of FOX in a research note on Wednesday, October 8th. Zacks Research upgraded shares of FOX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. One 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 stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

FOX Trading Up 1.1%

NASDAQ FOX opened at $51.95 on Tuesday. Fox Corporation has a 12 month low of $37.97 and a 12 month high of $59.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 2.76. The company has a market capitalization of $23.15 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.26 and a beta of 0.59. The company’s fifty day moving average price is $53.77 and its two-hundred day moving average price is $50.91.

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

FOX Dividend Announcement

The business also recently disclosed a half year 25 dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 3rd. FOX’s dividend payout ratio is 11.41%.

About FOX

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.