Junto Capital Management LP Purchases Shares of 666,653 Fox Corporation $FOXA

Junto Capital Management LP acquired a new stake in shares of Fox Corporation (NASDAQ:FOXA) in the second quarter, Holdings Channel.com reports. The fund acquired 666,653 shares of the company’s stock, valued at approximately $34,773,000.

Several other large investors have also modified their holdings of FOXA. FWL Investment Management LLC acquired a new position in shares of FOX in the 3rd quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in shares of FOX during the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of FOX in the 2nd quarter valued at $35,000. Quantbot Technologies LP acquired a new position in shares of FOX in the 3rd quarter valued at $51,000. Finally, Geneos Wealth Management Inc. increased its stake in FOX by 205.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock worth $52,000 after purchasing an additional 621 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Trading Down 2.1%

Shares of NASDAQ:FOXA opened at $63.86 on Thursday. The firm has a fifty day moving average of $61.59 and a two-hundred day moving average of $60.77. The firm has a market capitalization of $26.80 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.17 and a beta of 0.55. Fox Corporation has a 12-month low of $48.34 and a 12-month high of $76.39. The company has a quick ratio of 2.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.56.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35. FOX had a net margin of 9.84% and a return on equity of 20.64%. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the business posted $1.27 earnings per share. FOX’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, equities analysts expect that Fox Corporation will post 5.94 EPS for the current fiscal year.

FOX Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be paid a $0.29 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a yield of 86.0%. FOX’s payout ratio is 15.14%.

Analyst Upgrades and Downgrades

FOXA has been the topic of several recent analyst reports. Rothschild & Co Redburn set a $71.00 price objective on FOX and gave the stock a “buy” rating in a report on Friday, July 10th. Zacks Research downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Fox Advisors set a $82.00 price target on shares of FOX in a report on Friday, August 14th. Wall Street Zen upgraded shares of FOX from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Barclays reduced their price target on shares of FOX from $67.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, June 15th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, FOX currently has an average rating of “Hold” and an average price target of $74.38.

FOX Profile

Fox Corporation (NASDAQ: FOXA) is a media and entertainment company formed in 2019 following the separation of certain assets from 21st Century Fox. The company operates a portfolio of news, sports and entertainment brands focused primarily on the United States, with select services and programming available internationally.

Fox’s businesses include FOX News Media, which operates FOX News Channel, FOX Business Network, FOX News Digital and related subscription and streaming services. Its sports operations include FOX Sports, FS1, FS2, FOX Deportes, the Big Ten Network and sports programming distributed through digital platforms.