37,084 Shares of Fox Corporation $FOXA Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of Fox Corporation (NASDAQ:FOXA) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 37,084 shares of the company’s stock, valued at approximately $2,323,000.

A number of other hedge funds have also bought and sold shares of FOXA. Evergreen Capital Management LLC raised its stake in shares of FOX by 2.1% in the third quarter. Evergreen Capital Management LLC now owns 7,462 shares of the company’s stock valued at $467,000 after acquiring an additional 156 shares during the period. XXI Wealth LLC lifted its holdings in shares of FOX by 4.2% in the 3rd quarter. XXI Wealth LLC now owns 5,700 shares of the company’s stock worth $357,000 after acquiring an additional 232 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of FOX by 20.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,451 shares of the company’s stock worth $85,000 after purchasing an additional 251 shares during the period. Greenleaf Trust boosted its stake in shares of FOX by 4.4% during the 2nd quarter. Greenleaf Trust now owns 6,295 shares of the company’s stock worth $328,000 after purchasing an additional 267 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of FOX by 1.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 35,335 shares of the company’s stock worth $1,843,000 after purchasing an additional 389 shares during the period. Institutional investors own 52.52% of the company’s stock.

Analyst Upgrades and Downgrades

FOXA has been the topic of several analyst reports. Citizens Jmp initiated coverage on shares of FOX in a report on Monday, September 14th. They set a “market outperform” rating and a $95.00 price target on the stock. Bank of America raised shares of FOX from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $54.00 to $85.00 in a research note on Friday, October 16th. Raymond James Financial upgraded FOX to a “strong-buy” rating in a research report on Friday, October 16th. Seaport Research Partners cut FOX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised FOX from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.94.

Insider Buying and Selling

In other FOX news, CEO Lachlan Murdoch purchased 149,934 shares of the stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $68.53 per share, with a total value of $10,274,977.02. Following the completion of the acquisition, the chief executive officer owned 1,401,713 shares in the company, valued at $96,059,391.89. This trade represents a 11.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 20.89% of the company’s stock.

FOX Trading Down 2.0%

FOX stock opened at $63.24 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.99 and a current ratio of 3.17. The stock has a 50-day moving average of $65.09 and a two-hundred day moving average of $62.32. Fox Corporation has a one year low of $48.34 and a one year high of $76.39. The stock has a market cap of $26.54 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.60.

FOX (NASDAQ:FOXA) last issued its 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 return on equity of 20.64% and a net margin of 9.84%. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business posted $1.27 EPS. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. On average, research analysts anticipate that Fox Corporation will post 6.06 EPS for the current fiscal year.

FOX Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, September 2nd. This represents a yield of 86.0%. FOX’s payout ratio is currently 15.14%.

FOX Profile

Fox Corporation (NASDAQ: FOXA) is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.