Dimensional Fund Advisors LP increased its holdings in shares of Fox Corp (NASDAQ:FOX) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,087,056 shares of the company’s stock after purchasing an additional 7,806 shares during the period. Dimensional Fund Advisors LP’s holdings in FOX were worth $99,720,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Tuttle Tactical Management acquired a new position in shares of FOX during the 4th quarter worth about $3,944,000. Lavaca Capital LLC acquired a new position in shares of FOX during the 4th quarter worth about $58,000. City Financial Investment Co Ltd lifted its position in shares of FOX by 3.9% during the 4th quarter. City Financial Investment Co Ltd now owns 208,154 shares of the company’s stock worth $9,946,000 after purchasing an additional 7,880 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of FOX by 327.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 40,382 shares of the company’s stock worth $1,929,000 after purchasing an additional 30,929 shares during the last quarter. Finally, Coronation Fund Managers Ltd. lifted its position in shares of FOX by 24.2% during the 4th quarter. Coronation Fund Managers Ltd. now owns 274,748 shares of the company’s stock worth $13,127,000 after purchasing an additional 53,586 shares during the last quarter. 2.58% of the stock is owned by institutional investors and hedge funds.
In other FOX news, insider Lachlan K. Murdoch sold 316,317 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $51.20, for a total value of $16,195,430.40. Following the completion of the transaction, the insider now owns 618,374 shares of the company’s stock, valued at approximately $31,660,748.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
FOX (NASDAQ:FOX) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.66 by $0.10. The firm had revenue of $2.75 billion during the quarter. Sell-side analysts predict that Fox Corp will post 2.6 EPS for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $0.23 dividend. This is a boost from FOX’s previous Semi-Annual dividend of $0.18. The ex-dividend date is Friday, May 17th.
Several research firms recently weighed in on FOX. Royal Bank of Canada reissued a “sell” rating and set a $41.00 price objective on shares of FOX in a research report on Monday, March 25th. They noted that the move was a valuation call. Zacks Investment Research raised FOX from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Thursday, January 24th. Finally, BidaskClub raised FOX from a “hold” rating to a “buy” rating in a report on Saturday, March 9th.
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Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
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