Sanctuary Advisors LLC Makes New $962,000 Investment in Fox Co. (NASDAQ:FOXA)

Sanctuary Advisors LLC acquired a new stake in Fox Co. (NASDAQ:FOXA) in the 2nd quarter, HoldingsChannel reports. The fund acquired 27,996 shares of the company’s stock, valued at approximately $962,000.

Other hedge funds have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its holdings in FOX by 9.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 712,593 shares of the company’s stock valued at $24,492,000 after acquiring an additional 62,920 shares during the period. Creative Planning increased its holdings in shares of FOX by 119.2% during the 2nd quarter. Creative Planning now owns 29,277 shares of the company’s stock valued at $1,006,000 after purchasing an additional 15,921 shares in the last quarter. Algert Global LLC acquired a new position in shares of FOX in the 2nd quarter valued at $362,000. Kathmere Capital Management LLC purchased a new stake in FOX during the second quarter worth $247,000. Finally, Scientech Research LLC acquired a new stake in FOX during the second quarter valued at $1,069,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Insiders Place Their Bets

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 completion of the sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $9,717,559.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO John Nallen sold 52,874 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $9,717,559.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lachlan K. Murdoch purchased 119,705 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the acquisition, the chief executive officer now directly owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FOXA has been the topic of several recent analyst reports. Evercore ISI increased their target price on shares of FOX from $33.00 to $38.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. Loop Capital increased their price target on FOX from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday. Macquarie raised their price objective on FOX from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Rosenblatt Securities upped their target price on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Barclays increased their target price on FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, FOX presently has a consensus rating of “Hold” and an average target price of $41.08.

FOX Price Performance

Shares of NASDAQ FOXA opened at $41.39 on Friday. The firm has a 50-day simple moving average of $40.48 and a 200-day simple moving average of $35.93. The company has a quick ratio of 2.33, a current ratio of 2.54 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76. Fox Co. has a 52 week low of $28.28 and a 52 week high of $42.63.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 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 company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. FOX’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, equities analysts predict that Fox Co. will post 3.69 earnings per share for the current fiscal year.

FOX Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a dividend of $0.27 per share. This is an increase from FOX’s previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a yield of 1.4%. FOX’s dividend payout ratio (DPR) is presently 17.25%.

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.