ProShare Advisors LLC Buys 2,570 Shares of Fox Co. (NASDAQ:FOXA)

ProShare Advisors LLC increased its stake in shares of Fox Co. (NASDAQ:FOXA) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,315 shares of the company’s stock after buying an additional 2,570 shares during the quarter. ProShare Advisors LLC’s holdings in FOX were worth $2,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Profund Advisors LLC raised its holdings in shares of FOX by 14.0% in the second quarter. Profund Advisors LLC now owns 7,520 shares of the company’s stock valued at $258,000 after purchasing an additional 924 shares during the last quarter. Pacer Advisors Inc. grew its position in FOX by 4.2% in the 2nd quarter. Pacer Advisors Inc. now owns 17,866 shares of the company’s stock worth $614,000 after purchasing an additional 723 shares in the last quarter. Seven Eight Capital LP bought a new stake in FOX in the 2nd quarter worth about $2,907,000. Hsbc Holdings PLC increased its stake in FOX by 22.0% in the 2nd quarter. Hsbc Holdings PLC now owns 568,342 shares of the company’s stock valued at $19,563,000 after buying an additional 102,601 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of FOX by 54.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 39,573 shares of the company’s stock worth $1,350,000 after buying an additional 13,957 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FOX

In other news, CEO Lachlan K. Murdoch purchased 119,705 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the acquisition, the chief executive officer now directly owns 1,076,407 shares in the company, valued at $42,044,457.42. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other FOX news, 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, for a total transaction of $4,675,677.30. Following the transaction, 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. Also, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $9,717,559.04. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FOXA. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. The Goldman Sachs Group raised their target price on FOX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Guggenheim lifted their target price on FOX from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on shares of FOX from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Macquarie lifted their price objective on shares of FOX from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FOX has a consensus rating of “Hold” and an average target price of $39.64.

FOX Trading Down 0.1 %

Shares of FOXA stock opened at $42.27 on Friday. Fox Co. has a 1 year low of $28.28 and a 1 year high of $42.63. The company’s fifty day simple moving average is $39.59 and its two-hundred day simple moving average is $35.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. The stock has a market capitalization of $19.73 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.85 and a beta of 0.76.

FOX (NASDAQ:FOXA) last issued 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 business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.10 billion. FOX had a return on equity of 15.57% and a net margin of 10.74%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 EPS. As a group, analysts anticipate that Fox Co. will post 3.72 earnings per share for the current year.

FOX Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.27 dividend. This is a positive change from FOX’s previous Semi-Annual dividend of $0.26. This represents a dividend yield of 1.4%. The ex-dividend date was Wednesday, September 4th. FOX’s dividend payout ratio (DPR) is 16.93%.

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.