Wright Investors Service Inc. Takes $353,000 Position in Fox Co. (NASDAQ:FOXA)

Wright Investors Service Inc. bought a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 10,260 shares of the company's stock, valued at approximately $353,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Park Avenue Securities LLC increased its position in shares of FOX by 1.7% in the first quarter. Park Avenue Securities LLC now owns 18,908 shares of the company's stock valued at $591,000 after acquiring an additional 324 shares during the last quarter. Bessemer Group Inc. increased its holdings in FOX by 11.0% during the first quarter. Bessemer Group Inc. now owns 3,290 shares of the company's stock worth $103,000 after buying an additional 326 shares during the last quarter. Global Retirement Partners LLC raised its position in FOX by 38.4% during the first quarter. Global Retirement Partners LLC now owns 1,305 shares of the company's stock worth $41,000 after acquiring an additional 362 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of FOX by 4.4% during the 2nd quarter. Raymond James Trust N.A. now owns 9,691 shares of the company's stock worth $333,000 after purchasing an additional 406 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in FOX by 0.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company's stock worth $1,695,000 after purchasing an additional 453 shares during the period. Institutional investors own 52.52% of the company's stock.

Insiders Place Their Bets

In other FOX news, CEO Lachlan K. Murdoch acquired 119,705 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the transaction, the chief executive officer now directly owns 1,076,407 shares in the company, valued at $42,044,457.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FOX news, CFO Steven Tomsic sold 30,000 shares of the business's stock in a transaction on Friday, June 7th. The shares were sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the sale, the chief financial officer now owns 110,568 shares of the company's stock, valued at $3,788,059.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lachlan K. Murdoch purchased 119,705 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was purchased 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 directly owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The disclosure for this purchase can be found here. Corporate insiders own 21.77% of the company's stock.

FOX Price Performance

Shares of FOXA traded down $0.16 during trading hours on Thursday, hitting $41.07. 1,801,961 shares of the company were exchanged, compared to its average volume of 2,984,696. The company has a quick ratio of 2.94, a current ratio of 3.24 and a debt-to-equity ratio of 0.67. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $41.42. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.51 and a beta of 0.77. The firm's fifty day moving average is $37.26 and its 200 day moving average is $33.52.

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

FOX Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be paid a $0.27 dividend. This represents a yield of 1.4%. This is a boost from FOX's previous Semi-Annual dividend of $0.26. The ex-dividend date is Wednesday, September 4th. FOX's dividend payout ratio (DPR) is 16.93%.

Analyst Ratings Changes

FOXA has been the topic of several research analyst reports. Macquarie upped their price objective on FOX from $32.00 to $35.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Evercore ISI increased their price target on FOX from $33.00 to $38.00 and gave the company an "in-line" rating in a research note on Wednesday, August 7th. Barclays increased their price target on shares of FOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Monday, May 13th. Deutsche Bank Aktiengesellschaft lifted their price target on FOX from $39.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Finally, Rosenblatt Securities upped their price objective on 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 given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $38.23.

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.