Fox Co. (NASDAQ:FOXA) Given Consensus Rating of “Hold” by Brokerages

Shares of Fox Co. (NASDAQ:FOXA) have been given a consensus rating of “Hold” by the eighteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $44.00.

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of FOX from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. TD Cowen upped their price objective on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Loop Capital boosted their target price on FOX from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price target on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley boosted their price objective on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st.

Insider Activity

In other FOX news, COO John Nallen sold 182,481 shares of FOX stock in a transaction that occurred 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 transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the 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 sale, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This represents a 7.36 % decrease in their position. 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 90 days. Corporate insiders own 21.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its stake in FOX by 25.2% in the 1st quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock valued at $4,362,000 after acquiring an additional 28,072 shares in the last quarter. CreativeOne Wealth LLC bought a new position in FOX in the first quarter valued at $609,000. Bayesian Capital Management LP acquired a new stake in FOX in the 1st quarter valued at $2,318,000. Entropy Technologies LP bought a new stake in FOX during the 3rd quarter worth about $546,000. Finally, Plato Investment Management Ltd bought a new stake in FOX during the first quarter worth about $802,000. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Stock Up 1.2 %

Shares of FOXA opened at $46.71 on Friday. 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 has a one year low of $28.28 and a one year high of $47.58. The business’s 50 day simple moving average is $43.24 and its 200-day simple moving average is $38.95. 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) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that FOX will post 3.94 EPS for the current fiscal year.

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.