Caption Management LLC Grows Stock Holdings in Fox Corporation $FOXA

Key Points

• Caption Management LLC has increased its stock holdings in Fox Corporation (NASDAQ: FOXA) by 102.7%, owning 78,487 shares valued at $4,442,000 as of the latest reporting period.
• Fox Corporation has declared a dividend increase from $0.18 to $0.28 per share, with the payout scheduled for September 24th, reflecting a dividend yield of 94.0%.
• Analysts have issued a consensus rating of "Hold" for Fox Corporation stock, with a price target average of $56.20, while several firms have raised their price targets in recent reports.

Caption Management LLC increased its position in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 102.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,487 shares of the company's stock after buying an additional 39,766 shares during the quarter. Caption Management LLC's holdings in FOX were worth $4,442,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FOXA. Boothbay Fund Management LLC bought a new position in FOX in the fourth quarter valued at approximately $206,000. The Manufacturers Life Insurance Company grew its stake in FOX by 0.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 160,045 shares of the company's stock valued at $7,775,000 after purchasing an additional 814 shares in the last quarter. AQR Capital Management LLC grew its stake in FOX by 107.1% in the fourth quarter. AQR Capital Management LLC now owns 704,612 shares of the company's stock valued at $34,230,000 after purchasing an additional 364,463 shares in the last quarter. Freestone Grove Partners LP bought a new position in FOX in the fourth quarter valued at approximately $2,024,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in FOX by 131.8% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 467,250 shares of the company's stock valued at $22,699,000 after purchasing an additional 265,714 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

FOX Stock Performance

Shares of FOX stock traded up $0.16 during trading hours on Friday, reaching $60.97. The company had a trading volume of 705,447 shares, compared to its average volume of 3,860,989. 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 Corporation has a one year low of $38.72 and a one year high of $61.28. The firm has a market cap of $27.16 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.44 and a beta of 0.52. The business has a fifty day simple moving average of $56.95 and a 200 day simple moving average of $54.57.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.26. FOX had a return on equity of 18.86% and a net margin of 13.88%.The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the business posted $0.90 earnings per share. The firm's revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that Fox Corporation will post 4.38 earnings per share for the current fiscal year.

FOX Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.28 per share. This represents a dividend yield of 93.0%. This is an increase from FOX's previous dividend of $0.18. The ex-dividend date of this dividend is Wednesday, September 3rd. FOX's payout ratio is 11.41%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen cut FOX from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Cowen reiterated a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Wolfe Research upgraded FOX from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, July 9th. Loop Capital lifted their target price on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Bank of America lifted their target price on FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $56.20.

FOX Company 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.