Walleye Capital LLC Has $515,000 Stake in Fox Co. (NASDAQ:FOXA)

Walleye Capital LLC boosted its position in Fox Co. (NASDAQ:FOXAGet Rating) by 63.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,057 shares of the company’s stock after buying an additional 5,045 shares during the period. Walleye Capital LLC’s holdings in FOX were worth $515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Twin Tree Management LP acquired a new position in shares of FOX during the first quarter valued at about $26,000. Asset Dedication LLC acquired a new position in shares of FOX during the first quarter valued at about $36,000. CWM LLC raised its holdings in shares of FOX by 287.3% during the first quarter. CWM LLC now owns 1,282 shares of the company’s stock valued at $51,000 after purchasing an additional 951 shares during the period. Parallel Advisors LLC raised its holdings in shares of FOX by 32.7% during the first quarter. Parallel Advisors LLC now owns 1,794 shares of the company’s stock valued at $72,000 after purchasing an additional 442 shares during the period. Finally, Archer Investment Corp acquired a new position in shares of FOX during the first quarter valued at about $95,000. Institutional investors and hedge funds own 56.49% of the company’s stock.

FOX Trading Down 1.9 %

Shares of FOXA stock opened at $32.11 on Friday. Fox Co. has a 52-week low of $31.33 and a 52-week high of $44.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.26 and a current ratio of 3.61. The company has a 50-day simple moving average of $34.32 and a two-hundred day simple moving average of $35.44. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 0.62 and a beta of 0.87.

FOX (NASDAQ:FOXAGet Rating) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). FOX had a return on equity of 14.05% and a net margin of 8.62%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts anticipate that Fox Co. will post 3.68 EPS for the current fiscal year.

FOX Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, August 31st will be paid a $0.25 dividend. This represents a yield of 1.4%. This is a boost from FOX’s previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Tuesday, August 30th. FOX’s payout ratio is presently 23.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FOXA shares. Evercore ISI dropped their price objective on shares of FOX from $44.00 to $38.00 in a report on Wednesday, July 27th. Credit Suisse Group decreased their target price on shares of FOX to $46.00 in a research report on Monday, August 15th. The Goldman Sachs Group decreased their target price on shares of FOX from $32.00 to $30.00 and set a “sell” rating for the company in a research report on Tuesday, July 26th. Moffett Nathanson decreased their target price on shares of FOX to $46.00 in a research report on Friday, July 22nd. Finally, Morgan Stanley downgraded shares of FOX from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $45.00 to $38.00 in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, FOX currently has a consensus rating of “Hold” and an average price target of $40.90.

FOX Profile

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Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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