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

Shares of Fox Co. (NASDAQ:FOXA) have received an average recommendation of “Hold” from the eighteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $50.19.

Several research firms recently issued reports on FOXA. Barclays raised their target price on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Loop Capital boosted their target price on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup raised their price target on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. TD Cowen boosted their price objective on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, UBS Group upped their price objective on shares of FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. SRS Capital Advisors Inc. increased its holdings 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 buying an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX in the fourth quarter worth approximately $28,000. Jones Financial Companies Lllp grew 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 worth $32,000 after acquiring an additional 249 shares during the period. Brooklyn Investment Group lifted its position in FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares during the period. Finally, Quest Partners LLC purchased a new stake in FOX in the third quarter worth approximately $51,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

NASDAQ:FOXA opened at $53.25 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.50. FOX has a fifty-two week low of $28.28 and a fifty-two week high of $55.56. The firm has a market cap of $24.32 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. The business has a 50 day moving average price of $49.03 and a 200-day moving average price of $44.30.

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

FOX Announces Dividend

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