MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $4.13 Million Stock Holdings in Fox Corporation $FOXA

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Fox Corporation by 246.9%, owning 73,009 shares worth $4,132,000 as of their latest SEC filing.
• Fox Corporation has received positive ratings from several analysts, with Guggenheim setting a target price of $62.00 and Wells Fargo increasing theirs from $66.00 to $70.00.
• Fox Corporation reported a quarterly earnings per share (EPS) of $1.27, surpassing the analysts' estimate of $1.01, and announced a dividend increase to $0.28 per share.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 246.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,009 shares of the company's stock after purchasing an additional 51,960 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in FOX were worth $4,132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOXA. Greenleaf Trust raised its holdings in shares of FOX by 3.1% during the first quarter. Greenleaf Trust now owns 6,778 shares of the company's stock worth $384,000 after acquiring an additional 205 shares during the period. Allworth Financial LP raised its holdings in shares of FOX by 55.2% during the first quarter. Allworth Financial LP now owns 787 shares of the company's stock worth $45,000 after acquiring an additional 280 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of FOX by 0.6% during the first quarter. Linden Thomas Advisory Services LLC now owns 49,869 shares of the company's stock worth $2,823,000 after acquiring an additional 293 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of FOX by 1.2% during the first quarter. State of Alaska Department of Revenue now owns 25,521 shares of the company's stock worth $1,444,000 after acquiring an additional 305 shares during the period. Finally, Hemington Wealth Management increased its stake in FOX by 217.6% in the 1st quarter. Hemington Wealth Management now owns 524 shares of the company's stock valued at $29,000 after buying an additional 359 shares during the last quarter. 52.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FOXA has been the topic of several recent research reports. Guggenheim reiterated a "buy" rating and issued a $62.00 price target (up from $60.00) on shares of FOX in a research note on Wednesday, June 25th. Wells Fargo & Company lifted their price objective on shares of FOX from $66.00 to $70.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of FOX from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Wolfe Research raised shares of FOX from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, July 9th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, FOX has a consensus rating of "Hold" and a consensus target price of $56.47.

FOX Stock Performance

Shares of FOXA stock traded up $0.52 during midday trading on Monday, hitting $58.77. 4,956,144 shares of the company were exchanged, compared to its average volume of 3,902,990. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.76 and a current ratio of 2.91. The firm has a market capitalization of $26.18 billion, a P/E ratio of 11.97, a PEG ratio of 1.40 and a beta of 0.52. Fox Corporation has a 52 week low of $39.35 and a 52 week high of $62.69. The firm's 50 day moving average price is $57.36 and its two-hundred day moving average price is $54.63.

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

FOX Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a $0.28 dividend. This represents a dividend yield of 93.0%. The ex-dividend date is Wednesday, September 3rd. This is a boost from FOX's previous dividend of $0.18. FOX's dividend payout ratio is presently 11.41%.

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.