Fox Co. (NASDAQ:FOXA) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its holdings in Fox Co. (NASDAQ:FOXA) by 16.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,037 shares of the company’s stock after selling 13,858 shares during the period. Toronto Dominion Bank’s holdings in FOX were worth $2,338,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FOXA. Squarepoint Ops LLC grew its stake in shares of FOX by 4,048.0% during the 2nd quarter. Squarepoint Ops LLC now owns 269,208 shares of the company’s stock worth $9,253,000 after purchasing an additional 262,718 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in FOX by 54.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 45,841 shares of the company’s stock worth $1,576,000 after buying an additional 16,174 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in FOX during the second quarter valued at $748,000. Bank of Montreal Can increased its holdings in FOX by 17.7% in the second quarter. Bank of Montreal Can now owns 230,751 shares of the company’s stock valued at $7,991,000 after buying an additional 34,763 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in shares of FOX in the second quarter worth about $314,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Guggenheim lifted their price target on FOX from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Macquarie boosted their price objective on FOX from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Bank of America increased their target price on FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Seaport Res Ptn lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Finally, Evercore ISI upped their price objective on shares of FOX from $33.00 to $38.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, FOX presently has an average rating of “Hold” and an average price target of $39.64.

Insider Buying and Selling at FOX

In other news, CEO Lachlan K. Murdoch purchased 119,705 shares of FOX stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the transaction, the chief executive officer now owns 1,076,407 shares in the company, valued at $42,044,457.42. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other FOX news, CEO Lachlan K. Murdoch bought 119,705 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was bought at an average price 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 directly owns 1,076,407 shares in the company, valued at $42,044,457.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Nallen sold 52,874 shares of FOX 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 disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

FOX Trading Down 0.1 %

Shares of FOX stock opened at $42.27 on Monday. Fox Co. has a 1-year low of $28.28 and a 1-year high of $42.63. 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 P/E ratio of 13.25, a P/E/G ratio of 1.85 and a beta of 0.76. The stock’s 50 day simple moving average is $39.70 and its 200-day simple moving average is $35.26.

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

FOX Increases Dividend

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

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.