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Let’s Talk About Fox Corporation (NASDAQ: FOXA)’s Outlook

In the last trading session, 7.89 million Fox Corporation (NASDAQ:FOXA) shares changed hands as the company’s beta touched 0.87. With the company’s per share price at $31.88 changed hands at -$0.15 or -0.47% during last session, the market valuation stood at $15.08B. FOXA’s last price was a discount, traded about -16.88% off its 52-week high of $37.26. The share price had its 52-week low at $28.01, which suggests the last value was 12.14% up since then. When we look at Fox Corporation’s average trading volume, we note the 10-day average is 4.7 million shares, with the 3-month average coming to 4.17 million.

Fox Corporation (NASDAQ:FOXA) trade information

Instantly FOXA was in red as seen at the end of in last trading. With action 1.66%, the performance over the past five days has been green. The drop to weekly highs of 32.54 on Friday, 09/15/23 subtracted -0.47% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.97%, with the 5-day performance at 1.66% in the green. However, in the 30-day time frame, Fox Corporation (NASDAQ:FOXA) is -5.09% down. Looking at the short shares, we see there were 15.89 million shares sold at short interest cover period of 3.86 days.

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Fox Corporation (FOXA) estimates and forecasts

Data shows that the Fox Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.22% over the past 6 months, a -13.68% in annual growth rate that is considerably higher than the industry average of -20.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -1.70%. The 2023 estimates are for Fox Corporation earnings to increase by 10.40%, but the outlook for the next 5-year period is at 3.29% per year.

FOXA Dividends

Fox Corporation is expected to release its next quarterly earnings report in October. The 1.63% annual yield figure for the share gives it an annual dividend of 0.52. It is important to note, however, that the 1.63% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Fox Corporation (NASDAQ:FOXA)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.84% of Fox Corporation shares while 112.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 114.14%. There are 112.03% institutions holding the Fox Corporation stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 15.49% of the shares, roughly 39.31 million FOXA shares worth $1.34 billion.

Dodge & Cox Inc holds the second largest percentage of outstanding shares, with 15.25% or 38.7 million shares worth $1.32 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. With 27.76 million shares estimated at $943.93 million under it, the former controlled 10.94% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.19% of the shares, roughly 8.08 million shares worth around $274.83 million.

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