Pacer Advisors Inc. Has $614,000 Position in Fox Co. (NASDAQ:FOXA)

Pacer Advisors Inc. grew its holdings in Fox Co. (NASDAQ:FOXA) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 17,866 shares of the company’s stock after acquiring an additional 723 shares during the period. Pacer Advisors Inc.’s holdings in FOX were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOXA. Vanguard Group Inc. lifted its stake in FOX by 5.9% during the first quarter. Vanguard Group Inc. now owns 29,880,203 shares of the company’s stock worth $934,354,000 after purchasing an additional 1,653,913 shares during the period. LSV Asset Management boosted its stake in FOX by 5.9% in the 2nd quarter. LSV Asset Management now owns 8,577,714 shares of the company’s stock valued at $294,816,000 after buying an additional 481,267 shares in the last quarter. Dimensional Fund Advisors LP grew its position in FOX by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company’s stock valued at $129,180,000 after acquiring an additional 268,778 shares during the period. KBC Group NV raised its stake in FOX by 453.0% during the fourth quarter. KBC Group NV now owns 2,029,839 shares of the company’s stock worth $60,225,000 after acquiring an additional 1,662,748 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of FOX by 2.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,579,272 shares of the company’s stock valued at $54,280,000 after acquiring an additional 42,424 shares during the period. 52.52% of the stock is owned by institutional investors.

FOX Stock Down 0.1 %

Shares of NASDAQ:FOXA opened at $42.27 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.85 and a beta of 0.76. The company has a 50 day moving average of $39.70 and a 200-day moving average of $35.18. Fox Co. has a one year low of $28.28 and a one year high of $42.63.

FOX (NASDAQ:FOXA) last released its earnings results on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. FOX had a net margin of 10.74% and a return on equity of 15.57%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. On average, sell-side analysts forecast that Fox Co. will post 3.72 earnings per share for the current year.

FOX Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a $0.27 dividend. This is a positive change from FOX’s previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a yield of 1.4%. FOX’s dividend payout ratio is presently 16.93%.

Insiders Place Their Bets

In related news, COO John Nallen sold 52,874 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO John Nallen sold 52,874 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $9,717,559.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lachlan K. Murdoch bought 119,705 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the purchase, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. The disclosure for this purchase can be found here. Company insiders own 21.77% of the company’s stock.

Analyst Upgrades and Downgrades

FOXA has been the subject of a number of recent analyst reports. Rosenblatt Securities increased their target price on shares of FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Macquarie lifted their target price on shares of FOX from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Wells Fargo & Company upgraded FOX from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $29.00 to $46.00 in a research report on Friday, August 16th. Evercore ISI lifted their price objective on FOX from $33.00 to $38.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. Finally, Cfra restated a “sell” rating on shares of FOX in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, FOX has an average rating of “Hold” and a consensus target price of $39.64.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.