MML Investors Services LLC Has $545,000 Stock Position in Fox Co. (NASDAQ:FOXA)

MML Investors Services LLC grew its position in Fox Co. (NASDAQ:FOXAGet Rating) by 14.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,766 shares of the company’s stock after buying an additional 2,188 shares during the quarter. MML Investors Services LLC’s holdings in FOX were worth $545,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Pictet Asset Management SA raised its stake in FOX by 2.0% during the 2nd quarter. Pictet Asset Management SA now owns 145,405 shares of the company’s stock valued at $4,676,000 after purchasing an additional 2,821 shares during the period. Park Avenue Securities LLC lifted its stake in FOX by 3.6% in the 3rd quarter. Park Avenue Securities LLC now owns 23,063 shares of the company’s stock worth $708,000 after acquiring an additional 810 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in FOX by 1.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 83,310 shares of the company’s stock worth $2,556,000 after acquiring an additional 1,079 shares during the period. TD Asset Management Inc. grew its stake in FOX by 235.0% during the 3rd quarter. TD Asset Management Inc. now owns 278,873 shares of the company’s stock valued at $8,508,000 after acquiring an additional 195,630 shares in the last quarter. Finally, Seeyond boosted its holdings in shares of FOX by 26.7% during the second quarter. Seeyond now owns 50,212 shares of the company’s stock worth $1,614,000 after purchasing an additional 10,592 shares during the period. 55.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FOX news, insider Viet D. Dinh sold 72,207 shares of FOX stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $35.91, for a total transaction of $2,592,953.37. Following the sale, the insider now directly owns 49,384 shares of the company’s stock, valued at $1,773,379.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 19.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FOXA. Guggenheim dropped their price target on shares of FOX from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, January 5th. Wolfe Research downgraded FOX from a “peer perform” rating to an “underperform” rating and set a $28.00 price target for the company. in a research note on Tuesday, January 3rd. Wells Fargo & Company increased their price objective on FOX from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Macquarie reduced their target price on shares of FOX from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, January 4th. Finally, downgraded shares of FOX from a “buy” rating to a “hold” rating in a report on Saturday, November 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.88.

FOX Trading Down 0.3 %

FOX stock opened at $34.80 on Tuesday. Fox Co. has a 12 month low of $28.01 and a 12 month high of $43.04. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 0.85 and a beta of 0.86. The business has a 50 day moving average price of $33.64 and a two-hundred day moving average price of $32.27. The company has a quick ratio of 2.86, a current ratio of 3.37 and a debt-to-equity ratio of 0.62.

FOX (NASDAQ:FOXAGet Rating) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. FOX had a net margin of 10.55% and a return on equity of 15.71%. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Fox Co. will post 3.49 EPS for the current year.

FOX Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 1st will be given a $0.25 dividend. This represents a yield of 1.4%. The ex-dividend date is Tuesday, February 28th. FOX’s dividend payout ratio (DPR) is presently 18.32%.

FOX Company Profile

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Fox Corp. delivers news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors.

Further Reading

Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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