Pacer Advisors Inc. Has $335.07 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

Pacer Advisors Inc. raised its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 44,205.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,915,576 shares of the company's stock after acquiring an additional 7,897,710 shares during the quarter. Pacer Advisors Inc. owned approximately 1.72% of FOX worth $335,066,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in FOX by 5.9% in the first quarter. Vanguard Group Inc. now owns 29,880,203 shares of the company's stock valued at $934,354,000 after acquiring an additional 1,653,913 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in shares of FOX by 3.3% in the 2nd quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company's stock valued at $635,706,000 after purchasing an additional 597,450 shares during the last quarter. LSV Asset Management increased its position in shares of FOX by 5.9% during the second quarter. LSV Asset Management now owns 8,577,714 shares of the company's stock worth $294,816,000 after buying an additional 481,267 shares during the period. Dimensional Fund Advisors LP raised its stake in FOX by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company's stock worth $129,180,000 after buying an additional 268,778 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in FOX by 25.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company's stock valued at $83,208,000 after buying an additional 492,467 shares during the period. Institutional investors own 52.52% of the company's stock.

FOX Stock Down 0.1 %

FOXA opened at $45.70 on Thursday. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $47.58. The firm has a market capitalization of $20.87 billion, a P/E ratio of 11.17, a PEG ratio of 1.17 and a beta of 0.76. The company's 50-day moving average is $42.58 and its 200 day moving average is $38.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

FOX (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.12 by $0.33. The firm had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. Research analysts expect that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Nallen sold 182,481 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares of the company's stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

Wall Street Analysts Forecast Growth

FOXA has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Guggenheim boosted their price target on FOX from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Rosenblatt Securities boosted their target price on shares of FOX from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. The Goldman Sachs Group raised their price target on shares of FOX from $46.00 to $51.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, TD Cowen upped their price objective on shares of FOX from $36.00 to $42.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $44.00.

FOX Company Profile

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.

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