WINTON GROUP Ltd Invests $1.76 Million in Fox Corporation $FOXA

WINTON GROUP Ltd bought a new position in shares of Fox Corporation (NASDAQ:FOXA) during the 2nd quarter, HoldingsChannel reports. The firm bought 33,700 shares of the company’s stock, valued at approximately $1,758,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in FOX by 4,720.6% in the second quarter. California State Teachers Retirement System now owns 19,330,183 shares of the company’s stock worth $1,008,262,000 after acquiring an additional 18,929,193 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of FOX by 72.0% during the second quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company’s stock valued at $101,948,000 after acquiring an additional 762,645 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of FOX in the 2nd quarter valued at approximately $21,519,000. SG Americas Securities LLC raised its position in shares of FOX by 299.8% in the 1st quarter. SG Americas Securities LLC now owns 511,811 shares of the company’s stock valued at $29,890,000 after purchasing an additional 383,782 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in FOX by 624.5% in the 2nd quarter. Lazard Asset Management LLC now owns 281,126 shares of the company’s stock worth $15,753,000 after purchasing an additional 242,321 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of NASDAQ FOXA opened at $65.94 on Friday. Fox Corporation has a 52 week low of $48.34 and a 52 week high of $76.39. The business’s 50 day moving average price is $61.96 and its 200 day moving average price is $60.87. The company has a quick ratio of 2.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.56. The firm has a market cap of $27.67 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.17 and a beta of 0.55.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35. FOX had a net margin of 9.84% and a return on equity of 20.64%. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the firm posted $1.27 EPS. FOX’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, sell-side analysts expect that Fox Corporation will post 5.94 earnings per share for the current year.

FOX Announces Dividend

The firm 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 is Wednesday, September 2nd. This represents a dividend yield of 86.0%. FOX’s dividend payout ratio is presently 15.14%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of FOX from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, June 15th. Wells Fargo & Company upgraded shares of FOX from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $65.00 to $80.00 in a research note on Friday, August 14th. UBS Group reiterated a “neutral” rating on shares of FOX in a research note on Monday, June 15th. JPMorgan Chase & Co. raised shares of FOX from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $82.00 in a report on Friday, August 14th. Finally, Zacks Research downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, FOX has an average rating of “Hold” and a consensus target price of $74.38.

FOX Profile

Fox Corporation (NASDAQ: FOXA) is a media and entertainment company formed in 2019 following the separation of certain assets from 21st Century Fox. The company operates a portfolio of news, sports and entertainment brands focused primarily on the United States, with select services and programming available internationally.

Fox’s businesses include FOX News Media, which operates FOX News Channel, FOX Business Network, FOX News Digital and related subscription and streaming services. Its sports operations include FOX Sports, FS1, FS2, FOX Deportes, the Big Ten Network and sports programming distributed through digital platforms.