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

Shares of Fox Co. (NASDAQ:FOXA) have been given a consensus rating of “Hold” by the eighteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $51.13.

FOXA has been the subject of several recent research reports. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. raised their price target on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. Guggenheim reiterated a “buy” rating and issued a $60.00 price objective on shares of FOX in a report on Tuesday. Finally, Bank of America boosted their target price on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th.

FOX Stock Down 0.5 %

FOXA stock opened at $54.92 on Friday. FOX has a 52 week low of $30.02 and a 52 week high of $58.74. 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 firm has a 50-day simple moving average of $53.55 and a 200-day simple moving average of $47.88. The stock has a market capitalization of $24.90 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.27 and a beta of 0.67.

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

FOX Announces Dividend

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

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

Institutional Trading of FOX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOXA. California State Teachers Retirement System grew its stake in shares of FOX by 4.2% in the fourth quarter. California State Teachers Retirement System now owns 307,111 shares of the company’s stock valued at $14,919,000 after buying an additional 12,251 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in FOX by 7.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,468 shares of the company’s stock valued at $509,000 after acquiring an additional 754 shares during the period. Siemens Fonds Invest GmbH purchased a new position in FOX during the 4th quarter valued at about $987,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in FOX in the 4th quarter valued at about $7,855,000. Finally, Jefferies Financial Group Inc. purchased a new stake in FOX during the fourth quarter worth about $1,404,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

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.