Fox Co. (NASDAQ:FOXA - Get Free Report)'s stock price reached a new 52-week high during trading on Friday after UBS Group raised their price target on the stock from $50.00 to $63.00. UBS Group currently has a buy rating on the stock. FOX traded as high as $55.82 and last traded at $55.61, with a volume of 270477 shares traded. The stock had previously closed at $55.45.
A number of other equities research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on FOX from $42.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Wells Fargo & Company raised their price target on shares of FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. StockNews.com downgraded shares of FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Loop Capital lifted their target price on shares of FOX from $48.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, Evercore ISI raised FOX to a "hold" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $51.00.
View Our Latest Research Report on FOX
Insider Buying and Selling at FOX
In related news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated 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.
Hedge Funds Weigh In On FOX
A number of large investors have recently modified their holdings of FOXA. WealthTrak Capital Management LLC purchased a new stake in shares of FOX in the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. lifted its stake in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX in the fourth quarter worth $28,000. Jones Financial Companies Lllp boosted its position in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after buying an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after buying an additional 368 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.
FOX Stock Performance
The company has a quick ratio of 2.33, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average price of $50.01 and a 200 day moving average price of $45.01. The stock has a market cap of $25.71 billion, a PE ratio of 12.05, a P/E/G ratio of 1.17 and a beta of 0.76.
FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly 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. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the firm earned $0.34 EPS. The business's quarterly revenue was up 19.9% on a year-over-year basis. Analysts expect that Fox Co. will post 4.38 earnings per share for the current year.
FOX Announces Dividend
The company also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX's dividend payout ratio (DPR) is presently 11.56%.
FOX Company Profile
(
Get Free Report)
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.
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