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

Fox Co. (NASDAQ:FOXA - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $47.53.

FOXA has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on FOX from $41.00 to $42.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. StockNews.com lowered shares of FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Barclays increased their price target on shares of FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Bank of America raised their price target on shares of FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, Evercore ISI raised shares of FOX to a "hold" rating in a research report on Tuesday, November 5th.

FOX Stock Performance

Shares of FOX stock traded down $0.78 on Friday, reaching $48.19. The stock had a trading volume of 3,441,133 shares, compared to its average volume of 2,700,622. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The business's 50-day moving average price is $47.31 and its two-hundred day moving average price is $42.25. The stock has a market cap of $22.01 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.21 and a beta of 0.75. FOX has a fifty-two week low of $28.28 and a fifty-two week high of $50.63.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.33. The firm 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 business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. On average, sell-side analysts forecast that FOX will post 3.94 EPS for the current year.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were 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 in the company, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now directly owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 469,352 shares of company stock valued at $20,822,072. 21.77% of the stock is currently owned by company insiders.

Institutional Trading of FOX

A number of hedge funds and other institutional investors have recently modified their holdings of FOXA. Quest Partners LLC bought a new position in FOX in the 3rd quarter valued at $51,000. Quarry LP acquired a new position in shares of FOX during the third quarter valued at $70,000. Versant Capital Management Inc boosted its holdings in FOX by 3,551.1% in the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company's stock valued at $83,000 after acquiring an additional 1,669 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in FOX in the third quarter worth about $119,000. Finally, Exchange Traded Concepts LLC bought a new stake in FOX during the 3rd quarter worth about $141,000. Institutional investors and hedge funds 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.