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

Pacer Advisors Inc. lifted its stake in Fox Co. (NASDAQ:FOXA) by 4.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,866 shares of the company’s stock after purchasing an additional 723 shares during the quarter. Pacer Advisors Inc.’s holdings in FOX were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Seven Eight Capital LP purchased a new position in shares of FOX in the second quarter worth approximately $2,907,000. Hsbc Holdings PLC grew its position in FOX by 22.0% during the 2nd quarter. Hsbc Holdings PLC now owns 568,342 shares of the company’s stock worth $19,563,000 after purchasing an additional 102,601 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in FOX by 54.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 39,573 shares of the company’s stock valued at $1,350,000 after purchasing an additional 13,957 shares during the period. Amalgamated Bank lifted its holdings in shares of FOX by 7.2% in the second quarter. Amalgamated Bank now owns 72,028 shares of the company’s stock valued at $2,476,000 after purchasing an additional 4,832 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its position in shares of FOX by 343.1% in the second quarter. Edgestream Partners L.P. now owns 203,956 shares of the company’s stock worth $7,010,000 after buying an additional 157,927 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Down 0.1 %

Shares of FOXA stock opened at $42.27 on Friday. The stock’s 50 day simple moving average is $39.70 and its 200 day simple moving average is $35.18. Fox Co. has a twelve month low of $28.28 and a twelve month high of $42.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.85 and a beta of 0.76.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. FOX had a net margin of 10.74% and a return on equity of 15.57%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the company earned $0.88 earnings per share. FOX’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts predict that Fox Co. will post 3.72 EPS for the current year.

FOX Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.27 dividend. This is an increase from FOX’s previous Semi-Annual dividend of $0.26. This represents a dividend yield of 1.4%. The ex-dividend date was Wednesday, September 4th. FOX’s dividend payout ratio (DPR) is currently 16.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Rosenblatt Securities increased their price objective on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Guggenheim raised their price target on shares of FOX from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Wells Fargo & Company raised shares of FOX from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $29.00 to $46.00 in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of FOX from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group boosted their price target on shares of FOX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, FOX has a consensus rating of “Hold” and an average price target of $39.64.

Insider Transactions at FOX

In related news, COO John Nallen sold 52,874 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $2,059,971.04. Following the completion of the transaction, the chief operating officer now directly 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 the SEC website. Also, CEO Lachlan K. Murdoch purchased 119,705 shares of FOX stock in a transaction on Thursday, August 15th. The stock was bought at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now owns 1,076,407 shares in the company, valued at $42,044,457.42. The disclosure for this purchase can be found here. 21.77% of the stock is currently owned by corporate insiders.

About FOX

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.