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

Shares of Fox Co. (NASDAQ:FOXA - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nineteen brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $50.65.

Several analysts recently weighed in on FOXA shares. Loop Capital upped their price target on FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Wells Fargo & Company cut their target price on FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Cfra Research raised FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. raised their price objective on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Wolfe Research downgraded shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price on the stock. in a research note on Monday, April 7th.

Insider Transactions at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value 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 represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on 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 sale, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

Hedge Funds Weigh In On FOX

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of FOX during the 4th quarter valued at about $132,161,000. Jupiter Asset Management Ltd. bought a new position in FOX during the fourth quarter valued at approximately $67,471,000. FMR LLC increased its stake in FOX by 240.2% in the 4th quarter. FMR LLC now owns 1,884,927 shares of the company's stock worth $91,570,000 after acquiring an additional 1,330,908 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of FOX by 308.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after acquiring an additional 919,883 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of FOX by 3,077.5% during the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock valued at $43,016,000 after acquiring an additional 857,609 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Trading Up 0.4 %

Shares of FOX stock traded up $0.22 during trading on Tuesday, reaching $49.24. 1,051,360 shares of the stock were exchanged, compared to its average volume of 3,389,134. The stock's fifty day moving average is $52.95 and its 200 day moving average is $49.24. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. FOX has a 1 year low of $30.92 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The company's quarterly revenue was up 19.9% on a year-over-year basis. As a group, equities research analysts expect that FOX will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.27 per share. This represents a yield of 1%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio is presently 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.