Mn Services Vermogensbeheer B.V. Has $2.34 Million Stock Position in Fox Corporation $FOXA

Key Points

• Mn Services Vermogensbeheer B.V. has reduced its holdings in Fox Corporation (NASDAQ: FOXA) by 9.5%, selling 4,400 shares, which left it with 41,800 shares valued at approximately $2.34 million.
• Multiple institutional investors have increased their stakes in Fox, with Hemington Wealth Management's stake up by 217.6% and MV Capital Management's position increased by 929.9% in the 1st quarter.
• Fox Corporation reported a quarterly EPS of $1.27, surpassing analyst expectations and reflecting a 6.3% year-over-year revenue increase, alongside a recent dividend boost from $0.18 to $0.28 per share.

Mn Services Vermogensbeheer B.V. decreased its stake in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 9.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,800 shares of the company's stock after selling 4,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in FOX were worth $2,342,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hemington Wealth Management increased its position in shares of FOX by 217.6% during the 1st quarter. Hemington Wealth Management now owns 524 shares of the company's stock worth $29,000 after purchasing an additional 359 shares during the last quarter. MV Capital Management Inc. boosted its stake in shares of FOX by 929.9% during the 1st quarter. MV Capital Management Inc. now owns 690 shares of the company's stock worth $39,000 after acquiring an additional 623 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of FOX during the 1st quarter worth approximately $40,000. Sentry Investment Management LLC bought a new position in shares of FOX during the 1st quarter worth approximately $43,000. Finally, Allworth Financial LP boosted its stake in shares of FOX by 55.2% during the 1st 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. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Price Performance

Shares of NASDAQ:FOXA traded down $0.68 during trading on Tuesday, reaching $61.74. 1,320,936 shares of the company traded hands, compared to its average volume of 3,935,921. 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 52 week low of $41.06 and a 52 week high of $62.85. The firm has a market capitalization of $27.51 billion, a PE ratio of 12.58, a PEG ratio of 1.45 and a beta of 0.52. The company's 50 day moving average is $57.86 and its two-hundred day moving average is $54.77.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.26. FOX had a return on equity of 18.86% and a net margin of 13.88%.The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the prior year, the company earned $0.90 EPS. FOX's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict 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. Shareholders of record on Wednesday, September 3rd will be given a $0.28 dividend. This is a boost from FOX's previous dividend of $0.18. This represents a yield of 93.0%. The ex-dividend date is Wednesday, September 3rd. FOX's dividend payout ratio is 11.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen downgraded FOX from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Wolfe Research upgraded FOX from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, July 9th. Guggenheim reiterated a "buy" rating and set a $62.00 target price (up from $60.00) on shares of FOX in a research note on Wednesday, June 25th. Cfra Research raised FOX from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 5th. Finally, Bank of America upped their price objective on FOX from $60.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $56.47.

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.