Fox Co. (NASDAQ:FOXA) Holdings Raised by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its holdings in Fox Co. (NASDAQ:FOXA) by 9.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 712,593 shares of the company’s stock after purchasing an additional 62,920 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in FOX were worth $24,492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FOXA. Massmutual Trust Co. FSB ADV increased its stake in FOX by 176.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock worth $25,000 after purchasing an additional 461 shares in the last quarter. UMB Bank n.a. grew its stake in shares of FOX by 254.4% in the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock valued at $35,000 after buying an additional 809 shares in the last quarter. Friedenthal Financial acquired a new stake in FOX in the 2nd quarter worth approximately $51,000. Duncker Streett & Co. Inc. acquired a new stake in FOX in the 2nd quarter worth approximately $52,000. Finally, Meeder Asset Management Inc. acquired a new stake in FOX in the 1st quarter worth approximately $66,000. 52.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on FOXA shares. The Goldman Sachs Group upped their price target on FOX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on FOX from $38.00 to $41.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft upped their price target on FOX from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Evercore ISI upped their price target on FOX from $33.00 to $38.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, FOX has a consensus rating of “Hold” and a consensus price target of $39.64.

FOX Stock Up 0.1 %

FOXA opened at $42.33 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. The stock has a fifty day moving average of $39.81 and a 200-day moving average of $35.35. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $42.63. The company has a market capitalization of $19.76 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.85 and a beta of 0.76.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. FOX had a net margin of 10.74% and a return on equity of 15.57%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Fox Co. will post 3.72 EPS for the current year.

FOX Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.27 per share. This represents a yield of 1.4%. The ex-dividend date was Wednesday, September 4th. This is a positive change from FOX’s previous Semi-Annual dividend of $0.26. FOX’s dividend payout ratio (DPR) is 16.93%.

Insider Buying and Selling at FOX

In related news, CEO Lachlan K. Murdoch purchased 119,705 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the transaction, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other FOX news, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $9,717,559.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lachlan K. Murdoch bought 119,705 shares of FOX stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the acquisition, the chief executive officer now owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The disclosure for this purchase can be found here. Insiders own 21.77% of the company’s stock.

FOX Profile

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.