Wellington Management Group LLP Has $2.84 Million Holdings in Fox Co. (NASDAQ:FOXA)

Wellington Management Group LLP boosted its stake in shares of Fox Co. (NASDAQ:FOXA) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,928 shares of the company’s stock after buying an additional 1,696 shares during the period. Wellington Management Group LLP’s holdings in FOX were worth $2,837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd raised its holdings in FOX by 68.8% during the 2nd quarter. Covestor Ltd now owns 1,219 shares of the company’s stock worth $41,000 after buying an additional 497 shares during the period. MV Capital Management Inc. grew its stake in FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after acquiring an additional 379 shares in the last quarter. Belpointe Asset Management LLC grew its stake in FOX by 35.6% during the 1st quarter. Belpointe Asset Management LLC now owns 1,437 shares of the company’s stock valued at $49,000 after acquiring an additional 377 shares in the last quarter. Penserra Capital Management LLC purchased a new position in FOX during the 2nd quarter valued at about $58,000. Finally, ING Groep NV purchased a new position in FOX during the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FOXA shares. Macquarie lifted their target price on FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. TheStreet cut FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Wells Fargo & Company lowered their target price on FOX from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, February 8th. Wolfe Research raised FOX from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Finally, Citigroup raised FOX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $34.00 to $35.00 in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.45.

FOX Stock Up 1.9 %

Shares of FOX stock opened at $31.17 on Thursday. The stock has a market capitalization of $14.80 billion, a P/E ratio of 18.44, a PEG ratio of 0.40 and a beta of 0.78. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average price of $30.32 and a two-hundred day moving average price of $30.43. Fox Co. has a 12-month low of $28.28 and a 12-month high of $35.40.

FOX (NASDAQ:FOXA) last announced its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.24. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.21 billion. FOX had a return on equity of 15.81% and a net margin of 5.75%. The company’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. Equities analysts expect that Fox Co. will post 3.28 earnings per share for the current year.

FOX Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, March 5th. This represents a yield of 1.8%. FOX’s payout ratio is currently 30.77%.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.