Fox Co. (NASDAQ:FOXA) Given Consensus Rating of “Hold” by Brokerages

Fox Co. (NASDAQ:FOXA) has been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat reports. One research 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 12 month price target among brokers that have issued a report on the stock in the last year is $44.00.

A number of analysts have recently weighed in on FOXA shares. Evercore ISI raised FOX to a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley upped their price target on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of FOX from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on FOX from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Loop Capital upped their price objective on FOX from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th.

FOX Price Performance

Shares of NASDAQ FOXA opened at $46.85 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. FOX has a twelve month low of $28.28 and a twelve month high of $47.58. The firm has a market capitalization of $21.40 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.17 and a beta of 0.76. The stock’s 50-day simple moving average is $42.88 and its two-hundred day simple moving average is $38.64.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period last year, the firm posted $1.09 EPS. FOX’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that FOX will post 3.94 EPS for the current fiscal year.

Insider Transactions at FOX

In other news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the sale, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

Institutional Trading of FOX

Large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in shares of FOX by 11.0% during the 1st quarter. Bessemer Group Inc. now owns 3,290 shares of the company’s stock valued at $103,000 after purchasing an additional 326 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in FOX by 1.7% in the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock worth $991,000 after acquiring an additional 385 shares during the period. Raymond James Trust N.A. boosted its stake in shares of FOX by 4.4% during the second quarter. Raymond James Trust N.A. now owns 9,691 shares of the company’s stock valued at $333,000 after purchasing an additional 406 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of FOX by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock worth $1,249,000 after acquiring an additional 451 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of FOX by 0.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company’s stock valued at $1,695,000 after buying an additional 453 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

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.