Weaver Capital Management LLC Buys 5,272 Shares of Fox Co. (NASDAQ:FOXA)

Weaver Capital Management LLC grew its position in Fox Co. (NASDAQ:FOXA) by 37.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,503 shares of the company’s stock after purchasing an additional 5,272 shares during the period. Weaver Capital Management LLC’s holdings in FOX were worth $826,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in FOX by 31.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 495,488 shares of the company’s stock valued at $15,523,000 after purchasing an additional 117,458 shares during the period. Jane Street Group LLC boosted its stake in FOX by 25.2% in the first quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock valued at $4,362,000 after acquiring an additional 28,072 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of FOX by 565.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 23,830 shares of the company’s stock valued at $745,000 after acquiring an additional 20,250 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of FOX during the 1st quarter worth approximately $609,000. Finally, SG Americas Securities LLC raised its holdings in shares of FOX by 89.6% in the 1st quarter. SG Americas Securities LLC now owns 50,354 shares of the company’s stock worth $1,575,000 after purchasing an additional 23,791 shares during the period. 52.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FOXA has been the topic of several research reports. Wells Fargo & Company raised shares of FOX from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $29.00 to $46.00 in a research report on Friday, August 16th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. 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. Bank of America raised their price objective on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Macquarie increased their target price on FOX from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, FOX presently has an average rating of “Hold” and an average price target of $41.08.

FOX Trading Up 0.4 %

Shares of FOXA opened at $42.23 on Wednesday. The stock has a market capitalization of $19.71 billion, a P/E ratio of 13.24, a PEG ratio of 1.90 and a beta of 0.76. The firm has a fifty day simple moving average of $41.04 and a two-hundred day simple moving average of $36.62. The company has a quick ratio of 2.33, a current ratio of 2.54 and a debt-to-equity ratio of 0.61. Fox Co. has a twelve month low of $28.28 and a twelve month high of $42.85.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07. FOX had a return on equity of 15.57% and a net margin of 10.74%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the business posted $0.88 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that Fox Co. will post 3.69 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 given a dividend of $0.27 per share. This is an increase from FOX’s previous Semi-Annual dividend of $0.26. This represents a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 4th. FOX’s payout ratio is presently 16.93%.

Insider Activity

In other news, COO John Nallen sold 52,874 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO John Nallen sold 52,874 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lachlan K. Murdoch purchased 119,705 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the purchase, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, 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. Insiders own 21.77% of the company’s stock.

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.