Fox Co. (NASDAQ:FOXA) Given Consensus Rating of "Hold" by Analysts

Shares of Fox Co. (NASDAQ:FOXA - Get Free Report) have been assigned an average recommendation of "Hold" from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $44.00.

Several equities analysts have recently issued reports on FOXA shares. Guggenheim boosted their price objective on FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Seaport Res Ptn cut shares of FOX from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. Loop Capital upped their price target on shares of FOX from $43.00 to $46.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. UBS Group raised their price objective on shares of FOX from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, Macquarie restated a "neutral" rating and issued a $43.00 target price on shares of FOX in a research report on Tuesday, November 5th.

Insider Transactions at FOX

In other news, COO John Nallen sold 182,481 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares of the company's stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the transaction, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

Institutional Trading of FOX

A number of hedge funds have recently made changes to their positions in FOXA. Pacer Advisors Inc. grew its position in FOX by 44,205.3% during the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company's stock valued at $335,066,000 after purchasing an additional 7,897,710 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of FOX by 228.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company's stock worth $58,716,000 after acquiring an additional 964,737 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of FOX by 1,727.2% in the second quarter. Retirement Systems of Alabama now owns 965,066 shares of the company's stock worth $33,169,000 after acquiring an additional 912,250 shares during the last quarter. AXA S.A. raised its holdings in shares of FOX by 294.2% during the second quarter. AXA S.A. now owns 888,476 shares of the company's stock worth $30,537,000 after acquiring an additional 663,089 shares in the last quarter. Finally, Independent Franchise Partners LLP boosted its position in FOX by 3.3% during the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company's stock valued at $635,706,000 after purchasing an additional 597,450 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Performance

NASDAQ:FOXA traded up $0.21 during midday trading on Friday, reaching $46.85. 1,967,573 shares of the company traded hands, compared to its average volume of 4,098,675. The firm has a market capitalization of $21.40 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76. The company has a fifty day moving average price of $42.88 and a 200 day moving average price of $38.64. 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 has a twelve month low of $28.28 and a twelve month high of $47.58.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.12 by $0.33. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. On average, analysts expect 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.