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The firm trimmed its position in ViacomCBS Inc. (VIAC) by 75.05%. The trade had an impact of -4.29% on the portfolio.
The company has a market cap of $38.69 billion and an enterprise value of $57.79 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 11.26% and return on assets of 3% are outperforming 68% of
For those unfamiliar with this report, a 13F is a regulatory filing that provides information on an investment manager's equity holdings. Every U.S.-based hedge fund with more than $100 million of assets under management has to file one of these reports every quarter with the SEC detailing its equity holdings. The publication of these statements has become a notable event in the financial calendar as they provide a snapshot into the secretive hedge fund world.
Fox Corp. (FOX), which was formed two years ago following The Walt Disney Co.'s (DIS) acquisition of the majority of the assets owned by 21st Century Fox, reported results for its second quarter of fiscal 2021 on Tuesday.
Revenue for the quarter increased by 8% year-over-year to $4.09 billion, with growth in advertising (+14%) and affiliate fees (+6%). The strength in advertising revenues in the quarter reflects a large tailwind from the U.S. Presidential Election in November, as well as an additional benefit from the Senate run-offs in Georgia. As noted on the conference call, management estimates that political ad
The Walt Disney
The firm trimmed its stake in The Walt Disney Co. (DIS) by 22.97%. The trade had an impact of -1.29% on the portfolio.
The company has a market cap of $310.18 billion and an enterprise value of $355.58 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -3.27% and return on assets of -1.42% are underperforming
The firm reduced its stake in Qualcomm Inc. (QCOM) by 20.49%. The trade had an impact of -0.74% on the portfolio.
The company, which develops and licenses wireless technology, has a market cap of $177 billion and an enterprise value of $182 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 118.95%
The Yacktman Fund (Trades, Portfolio), part of Austin, Texas-based Yacktman Asset Management (Trades, Portfolio), disclosed this week that its top five trades during the fourth quarter of 2020 included new positions in Charles Schwab Corp. (SCHW) and Tyson Foods Inc. (TSN) and three position reductions: Samsung Electronics Co. Ltd. (XKRX:005935), Fox Corp. (FOXA)(FOX) and Walt Disney Co. (DIS).
Managed by Stephen Yacktman and Jason Subotky, the fund seeks long-term capital appreciation by investing in stocks in which some, but not all, pay dividends. The fund managers look for three key characteristics of companies: good
The T Rowe Price Equity Income Fund (Trades, Portfolio) has revealed its portfolio for the fourth quarter ending on Dec. 31, 2020. Top trades included reductions in the fund's top holding Qualcomm Inc. (QCOM) alongside Enbridge Inc. (ENB) and Fox Corp. (FOX). As well, the fund saw two new buys in Goldman Sachs Group Inc. (GS) and Citrix Systems Inc. (CTXS).
The fund uses a conservative, value-orientated strategy to pursue substantial dividend income and long-term growth potential. Investments are made in common stocks of established firms that are expected to pay above-average dividends and appear to be
Part of Austin, Texas-based Yacktman Asset Management (Trades, Portfolio), the fund is managed by Stephen Yacktman and Jason Subotky. It primarily invests in large-cap U.S. companies to generate long-term capital appreciation and current income. When picking stocks, the portfolio managers look for good businesses that have shareholder-oriented management teams and are trading at low prices.
With these criteria in mind, the firm entered new positions in Charles Schwab Corp. (SCHW) and Tyson Foods Inc. (TSN). Other notable trades included a reduction
Dodge & Cox was founded in 1930 by Van Duyn Dodge and E. Morris Cox. The firm employs a team research approach in making investment decisions.The Dodge & Cox team is guided both in what its buys and what it sells by an ongoing search for superior relative value, steering clear of popular choices that come at a price it would rather not pay.
On Nov. 30, the firm made a 32.52%
If you want to increase your chances of beating the market, one method is to select stocks that rank highly in regard to "magic formula" criteria.
About the Magic Formula
Created by Joel Greenblatt (Trades, Portfolio), a prominent value investor and author of "The Little Book That Still Beats the Market," the magic formula ranks stocks based on a specific set of technical criteria. The book also provides a description of these criteria, highlighting the earnings yield and the return on capital as the two
Fox Corp. (FOX)(FOXA), which was formed in early 2018 following The Walt Disney Co.'s (DIS) acquisition of the majority of the assets owned by 21st Century Fox, reported results for the first quarter of fiscal 2021 on Tuesday. Revenue increased 2% to $2.72 billion, with 10% growth in affiliate fees offset by mid-single-digit declines in advertising and other revenue (primarily due to the absence of sports sub-licensing revenue). This led to a 36% increase in adjusted Ebitda to $1.17 billion as well as a 42% increase in adjusted earnings per share (but as I'll explain shortly, the outsized growth in
Headquartered in Austin, Texas, Yacktman Asset Management (Trades, Portfolio) pursues long-term capital appreciation using a growth and value-based strategy. Specifically, the firm looks to purchase the stocks of business that have the following three characteristics: good business (high market share, high cash return on tangible assets, unique franchise characteristics, etc.), shareholder-oriented management (allocates capital wisely, does not overcompensate executives, etc.) and low purchase price. Stephen Yacktman, who joined the firm in 1993, is
Major League Baseball punished the Houston Astros for the way they stole opponents' signs. But there's no penalty for an investment manager stealing ideas from another manager.
In fact, I think one would be foolish not to.
I peek from time to time at the holdings of other managers I respect. In this column, once a year I present my Purloined Portfolio, composed of stocks held by other managers I esteem.
Today's Purloined Portfolio is the 17th one I've compiled, beginning in 2000. The average one-year return for the first 16 outings has been 12.0%, compared to 10.1% for the
According to GuruFocus Insider Data, these were the largest CEO buys during the past week.
J&J Snack Foods
J&J Snack Foods Corp. (JJSF) CEO and 10% Owner Gerald B. Shreiber bought 141,026 shares on Aug. 17 at a price of $130.52. The price of the stock has increased by 1.56% since then.
J&J Snack Foods manufactures, markets and distributes snack foods and beverages to foodservice and retail supermarket outlets. The company's products include frozen beverages, juice, fruit bars, sorbet, cakes and cookies that are distributed to various consumers, including restaurants, supermarkets, convenience stores, universities,
Selecting stocks whose earnings return is more than twice the average of 20-year high-quality corporate bonds enhances the chances to find high-yield investments, in my opinion. This category of investment grade bonds represents corporate loans that triple-A, double-A and single-A rated companies have taken out with their lenders.
Since 20-year high-quality corporate bonds grant a monthly spot rate of 3.18% (as of June 2020) to their holders, the following three stocks may hold value, as they grant earnings returns of more than 6.36% at price-earnings ratios of less than 15.72.
Shares of SLM Corp (SLM) were trading
Fox Corp. (FOX)(FOXA), which was formed in early 2019 following The Walt Disney Company’s (DIS) acquisition of the majority of the assets of 21st Century Fox, recently reported results for its fourth quarter of fiscal 2020. For the quarter, revenues declined 4% year-over-year to $2.4 billion, with an 8% increase in affiliate revenues offset by a 22% decline in advertising. As shown below, the pace of affiliate fee growth decelerated sequentially from the +10% reported in the third quarter.
The deceleration in the fourth quarter’s affiliate fee growth rate reflects
The guru’s Boston-based hedge fund manages about $29 billion in assets as of June 30, 2019. It searches for value among a broad range of opportunities, including stocks, distressed debt, liquidations and foreign securities. With a long-term horizon, the renowned investor typically seeks securities trading well below his estimate of intrinsic value and waits for the price to rise. In March, Bloomberg reported that for the first time since 2011, Klarman was seeking more capital as
This is the final article in my series about The Walt Disney Company (DIS). Throughout this process, I've taken a detailed look at each of the company's business segments. However, in order to truly appreciate what makes Disney unique, it's critical to focus on the bigger picture as well.
The advantages that are created when the individual business segments come together as one was summarized by former CEO Bob Iger in early 2019, when he was asked by Barron's about some of the acquisitions that had proved so critical to the company's success. This was his response: