13,677 Shares in Fox Corporation $FOX Bought by 111 Capital

Key Points

• 111 Capital has purchased 13,677 shares of Fox Corporation, valued at approximately $706,000, marking a new investment during the second quarter.
• Analyst ratings for FOX include one Buy rating and two Hold ratings, with a consensus rating of "Hold" according to MarketBeat.com.
• Fox Corporation's recent quarterly earnings exceeded expectations, reporting $1.27 earnings per share and $3.29 billion in revenue, leading to a positive market outlook.

111 Capital purchased a new position in Fox Corporation (NASDAQ:FOX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,677 shares of the company's stock, valued at approximately $706,000.

A number of other hedge funds also recently modified their holdings of FOX. Wealth Enhancement Advisory Services LLC bought a new position in shares of FOX in the fourth quarter worth $201,000. Rhumbline Advisers increased its position in shares of FOX by 8.5% in the first quarter. Rhumbline Advisers now owns 278,772 shares of the company's stock worth $14,694,000 after purchasing an additional 21,842 shares during the period. Merit Financial Group LLC bought a new position in shares of FOX in the first quarter worth $715,000. CMC Financial Group increased its position in shares of FOX by 5.9% in the first quarter. CMC Financial Group now owns 5,618 shares of the company's stock worth $296,000 after purchasing an additional 311 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of FOX by 36.3% in the first quarter. GAMMA Investing LLC now owns 8,972 shares of the company's stock worth $473,000 after purchasing an additional 2,388 shares during the period. Institutional investors own 26.41% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of FOX in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

FOX Stock Performance

NASDAQ:FOX opened at $55.75 on Friday. The stock's 50-day simple moving average is $53.54 and its 200 day simple moving average is $50.78. The firm has a market capitalization of $24.84 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.37 and a beta of 0.59. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. Fox Corporation has a twelve month low of $37.88 and a twelve month high of $59.29.

FOX (NASDAQ:FOX - Get Free Report) last released 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. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.12 billion. FOX had a return on equity of 18.86% and a net margin of 13.88%. On average, analysts anticipate that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently declared a half year 25 dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. FOX's dividend payout ratio (DPR) is presently 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.

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