Fox Corp (NASDAQ:FOXA) Shares Sold by Markston International LLC
Markston International LLC lessened its stake in shares of Fox Corp (NASDAQ:FOXA) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,934 shares of the company’s stock after selling 7,928 shares during the quarter. Markston International LLC’s holdings in FOX were worth $3,780,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Live Oak Private Wealth LLC increased its holdings in shares of FOX by 1.2% during the 2nd quarter. Live Oak Private Wealth LLC now owns 36,132 shares of the company’s stock worth $969,000 after purchasing an additional 436 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of FOX by 37.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,644 shares of the company’s stock worth $39,000 after purchasing an additional 448 shares during the period. Dowling & Yahnke LLC increased its holdings in shares of FOX by 4.5% during the 1st quarter. Dowling & Yahnke LLC now owns 10,573 shares of the company’s stock worth $250,000 after purchasing an additional 458 shares during the period. Brinker Capital Inc. increased its holdings in shares of FOX by 0.8% during the 2nd quarter. Brinker Capital Inc. now owns 65,249 shares of the company’s stock worth $1,750,000 after purchasing an additional 528 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of FOX by 100.0% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 1,058 shares of the company’s stock worth $28,000 after purchasing an additional 529 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.
Several research firms have recently issued reports on FOXA. Macquarie upgraded shares of FOX from an “underperform” rating to a “neutral” rating in a report on Friday, June 19th. Loop Capital upgraded shares of FOX from a “hold” rating to a “buy” rating in a research report on Friday, July 24th. Goldman Sachs Group assumed coverage on shares of FOX in a research report on Monday, July 13th. They set a “sell” rating and a $21.00 target price on the stock. BMO Capital Markets decreased their target price on shares of FOX from $29.00 to $26.00 and set a “market perform” rating on the stock in a research report on Thursday, August 6th. Finally, Rosenblatt Securities decreased their target price on shares of FOX from $23.00 to $22.00 and set a “sell” rating on the stock in a research report on Monday, August 10th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $29.00.
FOX (NASDAQ:FOXA) last announced its earnings results on Tuesday, August 4th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. FOX had a net margin of 8.12% and a return on equity of 14.93%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. Equities analysts anticipate that Fox Corp will post 1.9 earnings per share for the current year.
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 2nd will be paid a $0.23 dividend. This represents a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 1st. FOX’s dividend payout ratio is presently 18.55%.
Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
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