OLD Point Trust & Financial Services N A Has $525,000 Stake in Fox Corporation $FOX

OLD Point Trust & Financial Services N A trimmed its stake in Fox Corporation (NASDAQ:FOX) by 36.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,172 shares of the company’s stock after selling 5,933 shares during the period. OLD Point Trust & Financial Services N A’s holdings in FOX were worth $525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nuveen LLC bought a new stake in FOX in the 1st quarter valued at $54,630,000. National Bank of Canada FI grew its holdings in shares of FOX by 37.7% in the 1st quarter. National Bank of Canada FI now owns 1,817,328 shares of the company’s stock worth $95,791,000 after purchasing an additional 497,544 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of FOX by 281.6% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 470,365 shares of the company’s stock worth $24,793,000 after purchasing an additional 347,100 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of FOX by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company’s stock worth $768,799,000 after purchasing an additional 249,246 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of FOX by 364.4% in the 1st quarter. Virtu Financial LLC now owns 296,316 shares of the company’s stock worth $15,619,000 after purchasing an additional 232,508 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FOX. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of FOX in a report on Wednesday, October 8th. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

FOX Stock Performance

FOX stock opened at $52.49 on Thursday. The company has a current ratio of 2.91, a quick ratio of 2.76 and a debt-to-equity ratio of 0.55. Fox Corporation has a 1 year low of $38.16 and a 1 year high of $59.29. The company has a market cap of $23.39 billion, a PE ratio of 10.69, a PEG ratio of 1.29 and a beta of 0.59. The company’s 50-day moving average is $54.00 and its two-hundred day moving average is $50.98.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.24. FOX had a net margin of 13.88% and a return on equity of 18.86%. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.12 billion. Equities analysts anticipate that Fox Corporation will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The company also recently declared a half year 25 dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a $0.28 dividend. The ex-dividend date was Wednesday, September 3rd. FOX’s dividend payout ratio (DPR) is currently 11.41%.

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.