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

Fox Co. (NASDAQ:FOXA) has earned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $41.46.

FOXA has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on FOX from $38.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Cfra reiterated a “sell” rating on shares of FOX in a report on Wednesday, September 25th. The Goldman Sachs Group boosted their price target on FOX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Evercore ISI boosted their price target on FOX from $33.00 to $38.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Finally, Barclays boosted their price target on FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th.

FOX Trading Up 2.7 %

Shares of FOX stock opened at $43.00 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. FOX has a 1 year low of $28.28 and a 1 year high of $45.82. The company has a market capitalization of $19.79 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.90 and a beta of 0.76. The business has a 50 day moving average price of $41.39 and a 200 day moving average price of $37.34.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. FOX had a return on equity of 15.57% and a net margin of 10.74%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm posted $0.88 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that FOX will post 3.69 EPS for the current fiscal year.

Insider Activity at FOX

In related news, COO John Nallen sold 52,874 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO John Nallen sold 52,874 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lachlan K. Murdoch purchased 119,705 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now owns 1,076,407 shares in the company, valued at $42,044,457.42. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 21.77% of the stock is owned by insiders.

Institutional Trading of FOX

Large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of FOX by 31.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 495,488 shares of the company’s stock valued at $15,523,000 after acquiring an additional 117,458 shares in the last quarter. Jane Street Group LLC grew its stake in shares of FOX by 25.2% during the first 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. UniSuper Management Pty Ltd grew its stake in shares of FOX by 565.6% during the first quarter. UniSuper Management Pty Ltd now owns 23,830 shares of the company’s stock valued at $745,000 after acquiring an additional 20,250 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of FOX during the first quarter valued at about $609,000. Finally, SG Americas Securities LLC grew its stake in shares of FOX by 89.6% during the first quarter. SG Americas Securities LLC now owns 50,354 shares of the company’s stock valued at $1,575,000 after acquiring an additional 23,791 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

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.