F&V Capital Management LLC Buys 88,395 Shares of Fox Corporation $FOX

F&V Capital Management LLC boosted its position in shares of Fox Corporation (NASDAQ:FOX) by 31.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 373,105 shares of the company’s stock after buying an additional 88,395 shares during the quarter. FOX accounts for 3.2% of F&V Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. F&V Capital Management LLC’s holdings in FOX were worth $17,476,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FOX. Great Lakes Advisors LLC purchased a new stake in shares of FOX in the second quarter valued at $4,222,000. Gabelli Funds LLC boosted its stake in shares of FOX by 5.2% during the 4th quarter. Gabelli Funds LLC now owns 566,600 shares of the company’s stock worth $36,789,000 after purchasing an additional 28,200 shares during the period. Wedge Capital Management L L P NC bought a new position in FOX during the 2nd quarter valued at about $35,047,000. Foster & Motley Inc. bought a new position in FOX during the 2nd quarter valued at about $9,237,000. Finally, Gamco Investors INC. ET AL raised its position in FOX by 10.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 585,183 shares of the company’s stock worth $31,073,000 after purchasing an additional 53,166 shares during the period. Institutional investors own 26.41% of the company’s stock.

FOX Stock Performance

Shares of NASDAQ:FOX opened at $61.32 on Monday. The firm’s 50 day simple moving average is $52.92 and its 200-day simple moving average is $54.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.99 and a current ratio of 3.17. Fox Corporation has a one year low of $44.08 and a one year high of $68.18. The firm has a market cap of $25.73 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.68 and a beta of 0.57.

FOX (NASDAQ:FOX) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.35. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.64 billion. FOX had a return on equity of 20.64% and a net margin of 9.84%. As a group, equities analysts predict that Fox Corporation will post 5.91 EPS for the current year.

FOX Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a dividend yield of 105.0%. FOX’s dividend payout ratio is presently 14.62%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FOX. Wolfe Research set a $93.00 price objective on shares of FOX in a research note on Thursday, August 20th. Rothschild & Co Redburn set a $71.00 price target on FOX in a research note on Friday, July 10th. Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Guggenheim reaffirmed a “buy” rating on shares of FOX in a research report on Tuesday, August 25th. Finally, Wells Fargo & Company upgraded FOX from a “hold” rating to an “overweight” rating and set a $80.00 target price on the stock in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, FOX currently has a consensus rating of “Moderate Buy” and an average target price of $77.89.

FOX Profile

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.