Fox Co. (NASDAQ:FOXA) Receives Average Rating of “Hold” from Analysts

Fox Co. (NASDAQ:FOXA) has been assigned an average recommendation of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $51.19.

Several equities research analysts have commented on FOXA shares. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the company a “buy” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Barclays boosted their price target on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. UBS Group raised their price target on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Loop Capital upped their price objective on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s 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 sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. WealthTrak Capital Management LLC bought a new position in FOX during the fourth quarter worth $26,000. SRS Capital Advisors Inc. grew its position in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the fourth quarter valued at about $28,000. Jones Financial Companies Lllp lifted its stake in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after buying an additional 368 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Stock Up 0.5 %

NASDAQ FOXA opened at $55.67 on Monday. FOX has a fifty-two week low of $28.67 and a fifty-two week high of $58.74. The stock has a market cap of $25.24 billion, a PE ratio of 11.92, a P/E/G ratio of 1.27 and a beta of 0.67. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $52.31 and a two-hundred day moving average price of $46.77.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. As a group, sell-side analysts predict that FOX will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is 11.56%.

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.