14,231 Shares in Fox Co. (NASDAQ:FOXA) Acquired by Weaver Capital Management LLC

Weaver Capital Management LLC acquired a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,231 shares of the company's stock, valued at approximately $489,000.

Several other institutional investors have also recently added to or reduced their stakes in FOXA. Massmutual Trust Co. FSB ADV boosted its position in FOX by 176.6% in the 2nd 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 during the period. UMB Bank n.a. boosted its stake in shares of FOX by 254.4% in the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company's stock valued at $35,000 after buying an additional 809 shares during the period. Global Retirement Partners LLC grew its position in shares of 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 buying an additional 362 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of FOX during the fourth quarter worth approximately $43,000. Finally, Friedenthal Financial acquired a new stake in FOX in the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Insider Transactions at FOX

In other FOX news, CEO Lachlan K. Murdoch bought 119,705 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the purchase, the chief executive officer now owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Lachlan K. Murdoch purchased 119,705 shares of the stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the purchase, the chief executive officer now directly owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven Tomsic sold 30,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 110,568 shares of the company's stock, valued at approximately $3,788,059.68. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on FOXA shares. Macquarie boosted their price target on shares of FOX from $32.00 to $35.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. The Goldman Sachs Group increased their target price on FOX from $42.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Wells Fargo & Company raised FOX from an "underweight" rating to an "overweight" rating and lifted their price target for the stock from $29.00 to $46.00 in a report on Friday, August 16th. Evercore ISI raised their target price on FOX from $33.00 to $38.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on FOX from $36.00 to $38.00 and gave the stock a "neutral" rating in a research note 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. Based on data from MarketBeat.com, FOX currently has a consensus rating of "Hold" and an average price target of $38.23.

FOX Stock Performance

Shares of NASDAQ:FOXA traded up $0.15 on Wednesday, reaching $41.18. The company's stock had a trading volume of 2,554,841 shares, compared to its average volume of 2,983,070. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. Fox Co. has a 52-week low of $28.28 and a 52-week high of $41.58. The stock's 50-day moving average is $37.80 and its two-hundred day moving average is $33.85. The stock has a market capitalization of $19.22 billion, a P/E ratio of 12.90, a PEG ratio of 1.86 and a beta of 0.77.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. FOX had a return on equity of 15.57% and a net margin of 10.74%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. As a group, sell-side analysts forecast that Fox Co. will post 3.72 EPS for the current year.

FOX Increases Dividend

The company also recently disclosed 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 is Wednesday, September 4th. This represents a yield of 1.4%. This is an increase from FOX's previous Semi-Annual dividend of $0.26. FOX's dividend payout ratio is presently 16.93%.

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.