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

Fox Co. (NASDAQ:FOXA - Get Free Report) has earned an average rating of "Hold" from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $50.19.

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday. Wells Fargo & Company increased their target price on shares of FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday. Bank of America boosted their price target on FOX from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Citigroup raised their price objective on FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th.

Insider Activity at FOX

In other news, 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 transaction of $8,637,177.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

Hedge Funds Weigh In On FOX

Hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in shares of FOX in the 2nd quarter valued at about $362,000. Creative Planning grew its holdings in FOX by 119.2% during the 2nd quarter. Creative Planning now owns 29,277 shares of the company's stock worth $1,006,000 after acquiring an additional 15,921 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of FOX during the 2nd quarter valued at $962,000. Czech National Bank lifted its stake in shares of FOX by 3.9% in the 3rd quarter. Czech National Bank now owns 45,762 shares of the company's stock valued at $1,937,000 after purchasing an additional 1,714 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of FOX by 65.1% in the 3rd quarter. GAMMA Investing LLC now owns 5,505 shares of the company's stock valued at $233,000 after purchasing an additional 2,171 shares during the period. Institutional investors own 52.52% of the company's stock.

FOX Stock Performance

FOX stock traded down $0.45 on Thursday, reaching $52.79. 2,976,688 shares of the stock were exchanged, compared to its average volume of 3,616,458. The stock has a market cap of $24.11 billion, a PE ratio of 11.30, a PEG ratio of 1.17 and a beta of 0.76. The firm has a fifty day moving average price of $49.03 and a two-hundred day moving average price of $44.25. FOX has a twelve month low of $28.28 and a twelve month high of $55.56. The company has a current ratio of 2.50, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. Sell-side analysts anticipate that FOX will post 4.38 EPS for the current year.

FOX Announces Dividend

The firm 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. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX's payout ratio is currently 11.56%.

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.