Transamerica Financial Advisors Inc. Invests $119,000 in Fox Co. (NASDAQ:FOXA)

Transamerica Financial Advisors Inc. bought a new stake in shares of Fox Co. (NASDAQ:FOXA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,798 shares of the company’s stock, valued at approximately $119,000.

A number of other large investors also recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of FOX by 25.2% in the first quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock worth $4,362,000 after buying an additional 28,072 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in FOX by 45.0% in the 1st quarter. iA Global Asset Management Inc. now owns 32,806 shares of the company’s stock worth $1,026,000 after purchasing an additional 10,179 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of FOX during the 1st quarter valued at about $802,000. Swedbank AB purchased a new position in shares of FOX during the first quarter valued at about $4,466,000. Finally, PGGM Investments increased its holdings in shares of FOX by 4.7% in the first quarter. PGGM Investments now owns 38,460 shares of the company’s stock worth $1,203,000 after purchasing an additional 1,741 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Trading Up 1.2 %

FOXA opened at $46.71 on Thursday. The stock’s fifty day moving average is $43.24 and its two-hundred day moving average is $38.95. The company has a market capitalization of $21.33 billion, a P/E ratio of 11.42, a PEG ratio of 1.18 and a beta of 0.76. Fox Co. has a 52 week low of $28.28 and a 52 week high of $47.58. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.12 by $0.33. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. FOX’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Analysts forecast that Fox Co. will post 3.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on FOXA shares. Loop Capital increased their price target on FOX from $43.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company increased their price target on FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. UBS Group increased their price target on FOX from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group increased their price target on FOX from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, FOX has a consensus rating of “Hold” and an average price target of $44.00.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the transaction, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 469,352 shares of company stock worth $20,822,072 in the last ninety days. 21.77% of the stock is owned by company insiders.

About FOX

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.