Fox Co. (NASDAQ:FOXA) Receives $50.19 Average Price Target from Analysts

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

Several analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Barclays boosted their price objective on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Finally, Guggenheim upped their target price on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th.

FOX Stock Performance

Shares of FOXA opened at $54.70 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. The stock has a 50-day moving average of $49.30 and a two-hundred day moving average of $44.53. The stock has a market cap of $24.98 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.17 and a beta of 0.76. FOX has a one year low of $28.28 and a one year high of $55.56.

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

FOX Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.27 dividend. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is presently 11.56%.

Insider Buying and Selling at FOX

In other news, 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 transaction of $69,178.14. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

Institutional Trading of FOX

A number of hedge funds and other institutional investors have recently modified their holdings of FOXA. JPMorgan Chase & Co. grew its holdings in shares of FOX by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after purchasing an additional 110,753 shares during the period. Entropy Technologies LP acquired a new position in FOX in the 3rd quarter valued at about $546,000. Invst LLC purchased a new stake in shares of FOX in the 3rd quarter valued at approximately $740,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of FOX during the 3rd quarter worth approximately $2,867,000. Finally, Park Avenue Securities LLC raised its position in shares of FOX by 32.4% during the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock valued at $752,000 after buying an additional 3,787 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.

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.