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

Transamerica Financial Advisors Inc. cut its stake in shares of Fox Co. (NASDAQ:FOXA) by 46.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,507 shares of the company’s stock after selling 1,291 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in FOX were worth $74,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in FOX by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after purchasing an additional 110,753 shares in the last quarter. Invst LLC acquired a new stake in shares of FOX in the third quarter valued at $740,000. Asset Management One Co. Ltd. raised its holdings in shares of FOX by 25.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company’s stock valued at $5,856,000 after buying an additional 23,704 shares during the last quarter. Park Avenue Securities LLC grew its holdings in FOX by 32.4% during the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock worth $752,000 after acquiring an additional 3,787 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in FOX in the 4th quarter valued at about $492,000. Institutional investors own 52.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FOXA shares. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Moffett Nathanson lowered FOX from a “buy” rating to a “neutral” rating and increased their price objective for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on FOX from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. The Goldman Sachs Group set a $60.00 price target on FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of FOX in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, FOX has a consensus rating of “Hold” and an average target price of $51.13.

FOX Trading Down 0.3 %

FOXA opened at $54.73 on Monday. The firm’s fifty day moving average is $53.69 and its two-hundred day moving average is $48.10. The firm has a market cap of $24.82 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. Fox Co. has a twelve month low of $30.02 and a twelve month high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

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

FOX Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.27 per share. This represents a dividend 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 Activity at FOX

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

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.