Northern Trust Investments, Inc. has recently announced that it has increased stake in Fox Corporation (NASDAQ:FOXA) by 76.31%. After grabbing 5.23 million shares, the institutional investor is now in possession of 2.27 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 2.09% having worth around $155.29 million.
Fox Corporation (FOXA) concluded trading on Thursday at a closing price of $32.13, with 2.88 million shares of worth about $92.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.08% during that period and on Thursday, January 25 the price saw a gain of about 2.29%. Currently the company’s common shares owned by public are about 262.90M shares, out of which, 248.30M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 55 times over the past 12 months. They bought 1,191,102 shares in 26 of the transactions. In 29 selling transactions, insiders dumped 1,043,480 shares.
Dodge & Cox Stock Fund, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Fox Corporation Dodge & Cox Stock Fund is currently holding 22.5 million shares of worth totaling $667.68 million. The company recently came selling -5.26 million shares which brought its stake up to 8.99% of the company’s outstanding shares. Vanguard Total Stock Market ETF sold -0.2 million shares, after which its hold over company’s outstanding shares shrunk to 3.17%, leaving 7.93 million shares with the mutual fund that have a worth of about $235.31 million. Vanguard 500 Index Fund, after selling 5.98 million shares, have now control over 2.39% of the stake in the company. It holds -0.15 million shares of worth $177.36 million.
However, the stock later moved at a day high price of 32.23, or with a gain of 2.29%. Stock saw a price change of 4.08% in past 5 days and over the past one month there was a price change of 7.78%. Year-to-date (YTD), FOXA shares are showing a performance of 8.29% which decreased to -1.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.67 but also hit the highest price of $37.26 during that period. The average intraday trading volume for Fox Corporation shares is 3.89 million. The stock is currently trading 5.27% above its 20-day simple moving average (SMA20), while that difference is up 6.56% for SMA50 and it goes to 1.04% higher than SMA200.
Northern Trust Investments, Inc. acquired 5.23 million shares of Fox Corporation having value of about $155.29 million. Data submitted at the U.S SEC by Northern Trust Investments, Inc. revealed that the firm now holds 2.27 million shares in the company valued at close to $72785181.42, or have control over 76.31% stake in the company. Fox Corporation (NASDAQ: FOXA) currently have 262.90M outstanding shares and institutions hold larger chunk of about 54.67% of that. Holding of mutual funds in the company is about 44.27% while other institutional holders and individual stake holders have control over 62.38% and 1.05% of the stake respectively.
The stock has a current market capitalization of $15.61B and its 3Y-monthly beta is at 0.82. PE ratio of stock for trailing 12 months is 15.77, while it has posted earnings per share of $2.04 in the same period. Its PEG reads 19.71 and has Quick Ratio of 1.81 while making debt-to-equity ratio of 0.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FOXA, volatility over the week remained 1.60% while standing at 1.77% over the month.
Analysts are in expectations that Fox Corporation (FOXA) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $1.05 and it is $3.79 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.03 which is $0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.48 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -11.79% while it is estimated to increase by 21.70% in next year. EPS is likely to grow at an annualized rate of 0.80% for next 5-years, compared to annual growth of -7.92% made by the stock over the past 5-years.
