Globeflex Capital L P Purchases Shares of 14,900 Fox Corporation $FOX

Globeflex Capital L P purchased a new position in shares of Fox Corporation (NASDAQ:FOX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,900 shares of the company’s stock, valued at approximately $698,000.

Several other large investors also recently modified their holdings of the stock. Marshall Wace LLP increased its stake in shares of FOX by 792.4% in the 3rd quarter. Marshall Wace LLP now owns 3,184,642 shares of the company’s stock valued at $182,448,000 after acquiring an additional 2,827,768 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in FOX during the second quarter worth $35,047,000. Pinebridge Investments LLC bought a new position in FOX during the fourth quarter worth $13,758,000. Foster & Motley Inc. acquired a new stake in FOX in the second quarter worth $9,237,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in FOX in the first quarter worth $9,328,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

FOX has been the subject of several research analyst reports. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Seaport Research Partners cut shares of FOX from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Wolfe Research set a $93.00 target price on FOX in a research note on Thursday. Rothschild & Co Redburn set a $71.00 target price on FOX in a research report on Friday, July 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of FOX in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, FOX presently has a consensus rating of “Buy” and a consensus target price of $77.89.

FOX Trading Up 0.9%

NASDAQ:FOX opened at $61.59 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.17 and a quick ratio of 2.99. Fox Corporation has a one year low of $44.08 and a one year high of $68.18. The company has a market cap of $25.85 billion, a PE ratio of 16.08, a PEG ratio of 1.67 and a beta of 0.57. The firm has a 50-day moving average of $51.76 and a 200-day moving average of $54.20.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.35. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.64 billion. FOX had a net margin of 9.84% and a return on equity of 20.64%. As a group, equities research analysts expect that Fox Corporation will post 5.91 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a dividend yield of 105.0%. FOX’s dividend payout ratio is 14.62%.

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.