36,101 Shares in Fox Co. (NASDAQ:FOXA) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 36,101 shares of the company's stock, valued at approximately $1,241,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its stake in FOX by 176.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company's stock valued at $25,000 after buying an additional 461 shares in the last quarter. UMB Bank n.a. raised its holdings in FOX by 254.4% during the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company's stock worth $35,000 after purchasing an additional 809 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of FOX by 38.4% in the 1st quarter. Global Retirement Partners LLC now owns 1,305 shares of the company's stock worth $41,000 after purchasing an additional 362 shares during the period. Altshuler Shaham Ltd bought a new stake in FOX during the fourth quarter valued at $43,000. Finally, Friedenthal Financial acquired a new stake in FOX during the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Insiders Place Their Bets

In related news, COO John Nallen sold 52,874 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $9,717,559.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other FOX news, COO John Nallen sold 52,874 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the transaction, the chief operating officer now owns 249,424 shares of the company's stock, valued at $9,717,559.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lachlan K. Murdoch purchased 119,705 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the purchase, the chief executive officer now owns 1,076,407 shares in the company, valued at $42,044,457.42. The disclosure for this purchase can be found here. Insiders own 21.77% of the company's stock.

FOX Price Performance

Shares of FOXA stock traded up $0.34 during trading hours on Wednesday, hitting $40.41. 1,662,531 shares of the company's stock were exchanged, compared to its average volume of 3,028,236. The company has a market capitalization of $18.86 billion, a PE ratio of 12.67, a PEG ratio of 1.51 and a beta of 0.77. The business's 50 day simple moving average is $36.50 and its 200-day simple moving average is $33.14. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. Fox Co. has a 12-month low of $28.28 and a 12-month high of $40.42.

FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.10 billion. FOX had a return on equity of 15.90% and a net margin of 11.19%. FOX's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. On average, equities research analysts anticipate that Fox Co. will post 3.33 earnings per share for the current year.

FOX Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a yield of 1.4%. This is a boost from FOX's previous Semi-Annual dividend of $0.26. FOX's dividend payout ratio is presently 16.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America upgraded FOX from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $34.00 to $40.00 in a report on Thursday, May 9th. Wells Fargo & Company raised shares of FOX from an "underweight" rating to an "overweight" rating and increased their price objective for the stock from $29.00 to $46.00 in a research report on Friday, August 16th. Barclays lifted their price target on shares of FOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Monday, May 13th. JPMorgan Chase & Co. upped their price objective on shares of FOX from $36.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, August 7th. Finally, Rosenblatt Securities lifted their price objective on shares of FOX from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, FOX currently has an average rating of "Hold" and a consensus price target of $38.23.

FOX Company 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.

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