Yousif Capital Management LLC Sells 273 Shares of Fox Corporation $FOX

Yousif Capital Management LLC trimmed its position in shares of Fox Corporation (NASDAQ:FOX) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,817 shares of the company’s stock after selling 273 shares during the quarter. Yousif Capital Management LLC’s holdings in FOX were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its stake in FOX by 66.2% during the first quarter. Federated Hermes Inc. now owns 580 shares of the company’s stock worth $31,000 after buying an additional 231 shares during the last quarter. IFP Advisors Inc grew its stake in FOX by 457.6% during the first quarter. IFP Advisors Inc now owns 697 shares of the company’s stock worth $37,000 after buying an additional 572 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in FOX by 183.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company’s stock worth $42,000 after buying an additional 518 shares during the last quarter. SVB Wealth LLC bought a new stake in FOX during the first quarter worth about $69,000. Finally, Covestor Ltd grew its stake in FOX by 37.0% during the first quarter. Covestor Ltd now owns 1,402 shares of the company’s stock worth $74,000 after buying an additional 379 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of FOX in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

FOX Trading Up 0.7%

Shares of NASDAQ FOX opened at $52.47 on Wednesday. The company’s 50 day simple moving average is $54.03 and its 200 day simple moving average is $50.97. Fox Corporation has a fifty-two week low of $38.16 and a fifty-two week high of $59.29. The firm has a market capitalization of $23.38 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.28 and a beta of 0.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 2.76.

FOX (NASDAQ:FOX) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.24. FOX had a net margin of 13.88% and a return on equity of 18.86%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.12 billion. On average, analysts predict that Fox Corporation will post 4.25 EPS for the current year.

FOX Announces Dividend

The firm also recently disclosed a half year 25 dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a $0.28 dividend. The ex-dividend date was Wednesday, September 3rd. FOX’s dividend payout ratio is currently 11.41%.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.