6,095 Shares in Fox Co. (NASDAQ:FOXA) Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new stake in shares of Fox Co. (NASDAQ:FOXA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,095 shares of the company’s stock, valued at approximately $259,000.

A number of other hedge funds have also added to or reduced their stakes in FOXA. Park Avenue Securities LLC boosted its holdings in FOX by 1.7% in the 1st quarter. Park Avenue Securities LLC now owns 18,908 shares of the company’s stock worth $591,000 after buying an additional 324 shares during the period. Bessemer Group Inc. boosted its holdings in FOX by 11.0% in the 1st quarter. Bessemer Group Inc. now owns 3,290 shares of the company’s stock worth $103,000 after buying an additional 326 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of FOX by 4.4% during the 2nd quarter. Raymond James Trust N.A. now owns 9,691 shares of the company’s stock valued at $333,000 after purchasing an additional 406 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of FOX by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock valued at $1,249,000 after purchasing an additional 451 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of FOX by 0.9% in the second quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company’s stock worth $1,695,000 after purchasing an additional 453 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Down 0.4 %

FOXA opened at $41.71 on Friday. Fox Co. has a 12 month low of $28.28 and a 12 month high of $42.85. The stock has a 50-day moving average of $41.09 and a 200 day moving average of $36.65. The firm has a market cap of $19.47 billion, a P/E ratio of 13.08, a P/E/G ratio of 1.90 and a beta of 0.76. The company has a current ratio of 2.54, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61.

FOX (NASDAQ:FOXA) last announced its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.10 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that Fox Co. will post 3.69 EPS for the current year.

FOX Increases Dividend

The firm also recently announced 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 represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 4th. This is a positive change from FOX’s previous Semi-Annual dividend of $0.26. FOX’s payout ratio is 16.93%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FOXA shares. Wells Fargo & Company raised FOX from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $29.00 to $46.00 in a report on Friday, August 16th. Barclays lifted their target price on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on FOX from $38.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Evercore ISI lifted their target price on FOX from $33.00 to $38.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. Finally, Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, FOX currently has a consensus rating of “Hold” and an average price target of $41.08.

Insider Buying and Selling at FOX

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

FOX Company Profile

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.