Analysts Set Fox Co. (NASDAQ:FOXA) PT at $50.19

Fox Co. (NASDAQ:FOXA) has received a consensus rating of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $50.19.

Several research firms have recently commented on FOXA. Macquarie restated a “neutral” rating and issued a $43.00 price objective on shares of FOX in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their price target on FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. TD Cowen lifted their price objective on FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Finally, Evercore ISI raised shares of FOX to a “hold” rating in a report on Tuesday, November 5th.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of the 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On FOX

Several institutional investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. raised its holdings in FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after buying an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX during the fourth quarter valued at $28,000. Jones Financial Companies Lllp raised 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 acquiring an additional 249 shares during the period. Brooklyn Investment Group lifted its holdings in shares of FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of FOX in the 3rd quarter worth about $51,000. 52.52% of the stock is owned by institutional investors.

FOX Trading Up 0.9 %

Shares of NASDAQ:FOXA opened at $53.25 on Thursday. The stock’s 50-day simple moving average is $49.03 and its two-hundred day simple moving average is $44.30. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.17 and a beta of 0.76. FOX has a 52-week low of $28.28 and a 52-week high of $55.56. 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 (NASDAQ:FOXA) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) 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 company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. Analysts expect that FOX will post 4.38 EPS for the current year.

FOX Announces Dividend

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

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.