Fox Co. (NASDAQ:FOXA) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in shares of Fox Co. (NASDAQ:FOXA) by 5.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,340,762 shares of the company’s stock after purchasing an additional 425,186 shares during the period. FOX comprises 0.9% of Pacer Advisors Inc.’s holdings, making the stock its 27th largest holding. Pacer Advisors Inc.’s holdings in FOX were worth $405,194,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FOXA. Jacobs Levy Equity Management Inc. boosted its holdings in FOX by 228.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock worth $58,716,000 after acquiring an additional 964,737 shares in the last quarter. KBC Group NV boosted its stake in FOX by 56.1% in the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after purchasing an additional 851,127 shares in the last quarter. Glenmede Trust Co. NA grew its position in FOX by 244.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 389,470 shares of the company’s stock worth $16,486,000 after purchasing an additional 276,259 shares during the last quarter. Squarepoint Ops LLC increased its stake in FOX by 4,048.0% during the 2nd quarter. Squarepoint Ops LLC now owns 269,208 shares of the company’s stock valued at $9,253,000 after purchasing an additional 262,718 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of FOX in the third quarter worth $8,531,000. 52.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 469,352 shares of company stock valued at $20,822,072. Company insiders own 21.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FOXA. Bank of America boosted their price objective on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price objective on FOX from $42.00 to $49.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Macquarie reaffirmed a “neutral” rating and set a $43.00 target price on shares of FOX in a report on Tuesday, November 5th. Evercore ISI upgraded FOX to a “hold” rating in a research report on Tuesday, November 5th. Finally, Guggenheim raised their price target on shares of FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.25.

FOX Stock Up 1.1 %

FOXA stock opened at $49.07 on Monday. Fox Co. has a one year low of $28.28 and a one year high of $50.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The firm’s fifty day moving average is $47.90 and its 200 day moving average is $43.22. The firm has a market cap of $22.41 billion, a PE ratio of 12.00, a P/E/G ratio of 1.19 and a beta of 0.75.

FOX (NASDAQ:FOXA) last posted its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. On average, research analysts forecast that Fox Co. will post 4.09 EPS for the current year.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.