Transamerica Financial Advisors Inc. Has $74,000 Stock Holdings in Fox Co. (NASDAQ:FOXA)

Transamerica Financial Advisors Inc. lowered its stake in Fox Co. (NASDAQ:FOXA) by 46.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,507 shares of the company’s stock after selling 1,291 shares during the period. Transamerica Financial Advisors Inc.’s holdings in FOX were worth $74,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in FOX by 5.4% in the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock valued at $405,194,000 after purchasing an additional 425,186 shares during the last quarter. Norges Bank bought a new stake in FOX in the 4th quarter valued at $132,161,000. Amundi lifted its holdings in FOX by 9.9% during the 4th quarter. Amundi now owns 2,434,443 shares of the company’s stock valued at $119,006,000 after purchasing an additional 219,380 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in FOX by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company’s stock worth $117,458,000 after purchasing an additional 37,505 shares during the period. Finally, KBC Group NV increased its holdings in shares of FOX by 56.1% in the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock valued at $115,022,000 after purchasing an additional 851,127 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $54.73 on Monday. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $24.82 billion, a PE ratio of 11.72, a PEG ratio of 1.27 and a beta of 0.67. The firm has a 50 day moving average of $53.69 and a 200-day moving average of $48.10. Fox Co. has a 12 month low of $30.02 and a 12 month high of $58.74.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $0.34 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. On average, equities research analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.27 dividend. This represents a yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Insider Buying and Selling at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

Analysts Set New Price Targets

FOXA has been the subject of a number of research reports. UBS Group raised their target price on shares of FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. StockNews.com cut FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. increased their target price on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Guggenheim restated a “buy” rating and issued a $60.00 price target on shares of FOX in a research note on Tuesday, March 25th. Finally, Moffett Nathanson cut FOX from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FOX has a consensus rating of “Hold” and a consensus price target of $51.13.

About FOX

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.