Cooper Investors PTY Ltd. Purchases New Stake in Fox Corporation $FOX

Cooper Investors PTY Ltd. purchased a new stake in shares of Fox Corporation (NASDAQ:FOX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 428,698 shares of the company’s stock, valued at approximately $24,136,000. FOX makes up approximately 12.9% of Cooper Investors PTY Ltd.’s holdings, making the stock its 2nd biggest holding. Cooper Investors PTY Ltd. owned about 0.10% of FOX at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FOX. Versant Capital Management Inc grew its stake in FOX by 42.3% in the 2nd quarter. Versant Capital Management Inc now owns 844 shares of the company’s stock valued at $40,000 after buying an additional 251 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of FOX by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 6,644 shares of the company’s stock worth $311,000 after acquiring an additional 254 shares in the last quarter. Arlington Partners LLC lifted its position in shares of FOX by 12.4% during the second quarter. Arlington Partners LLC now owns 5,054 shares of the company’s stock worth $237,000 after acquiring an additional 556 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of FOX by 27.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,838 shares of the company’s stock worth $151,000 after acquiring an additional 613 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of FOX by 2.6% in the second quarter. QRG Capital Management Inc. now owns 28,896 shares of the company’s stock worth $1,354,000 after acquiring an additional 723 shares during the period. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FOX news, CEO Lachlan Murdoch purchased 149,934 shares of the stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of $68.53 per share, with a total value of $10,274,977.02. Following the acquisition, the chief executive officer directly owned 1,401,713 shares in the company, valued at approximately $96,059,391.89. The trade was a 11.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.06% of the stock is owned by corporate insiders.

FOX Price Performance

NASDAQ FOX traded down $0.05 on Tuesday, hitting $55.93. The stock had a trading volume of 406,782 shares, compared to its average volume of 1,531,820. The firm has a 50-day moving average of $58.11 and a 200-day moving average of $55.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.99 and a current ratio of 3.17. Fox Corporation has a 52-week low of $44.08 and a 52-week high of $68.18. The company has a market capitalization of $23.47 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.45 and a beta of 0.63.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.35. The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $3.64 billion. FOX had a net margin of 9.84% and a return on equity of 20.64%. Equities analysts expect that Fox Corporation will post 5.99 EPS for the current year.

FOX Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were paid a $0.29 dividend. This represents a yield of 96.0%. The ex-dividend date was Wednesday, September 2nd. FOX’s dividend payout ratio is currently 15.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FOX. Wolfe Research set a $93.00 price target on FOX in a research report on Thursday, August 20th. Guggenheim reissued a “buy” rating on shares of FOX in a report on Tuesday, August 25th. Citigroup assumed coverage on FOX in a research note on Monday, September 14th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upgraded FOX from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $82.00 in a research note on Friday, August 14th. Finally, Fox Advisors set a $95.00 target price on FOX in a report on Monday, September 14th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $77.67.

FOX Company Profile

Fox Corporation (NASDAQ: FOX) is a U.S. media 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 Tubi streaming service.

FOX News Media operates FOX News Channel, FOX Business Network, FOX News Digital, FOX Nation, and FOX Weather. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and broadcasts scripted and unscripted television content.