Fox Co. (NASDAQ:FOXA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fox Co. (NASDAQ:FOXA) have been given a consensus rating of “Hold” by the seventeen brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $34.93.

FOXA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut FOX from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $40.00 to $36.00 in a research report on Friday, November 3rd. StockNews.com began coverage on FOX in a report on Thursday, October 5th. They issued a “hold” rating for the company. Rosenblatt Securities raised their price target on FOX from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, September 5th. Morgan Stanley lowered their target price on shares of FOX from $39.00 to $35.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 1st. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $33.00 target price on shares of FOX in a research note on Wednesday, August 9th.

FOX Price Performance

Shares of FOXA opened at $30.64 on Tuesday. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.77 and a beta of 0.86. FOX has a twelve month low of $28.67 and a twelve month high of $37.26. The company has a quick ratio of 1.81, a current ratio of 2.02 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $30.85 and a two-hundred day moving average of $32.13.

Insider Buying and Selling at FOX

In other news, insider Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $31.90, for a total transaction of $3,190,000.00. Following the sale, the insider now owns 128,964 shares of the company’s stock, valued at approximately $4,113,951.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 21.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FOX

A number of institutional investors have recently modified their holdings of FOXA. Raymond James Financial Services Advisors Inc. grew its holdings in FOX by 13.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,289 shares of the company’s stock valued at $800,000 after purchasing an additional 2,440 shares during the period. American Century Companies Inc. increased its holdings in FOX by 2.6% in the 1st quarter. American Century Companies Inc. now owns 56,001 shares of the company’s stock worth $2,210,000 after acquiring an additional 1,428 shares in the last quarter. US Bancorp DE raised its position in FOX by 34.7% during the first quarter. US Bancorp DE now owns 12,614 shares of the company’s stock worth $498,000 after acquiring an additional 3,249 shares during the period. PNC Financial Services Group Inc. lifted its holdings in FOX by 6.4% during the first quarter. PNC Financial Services Group Inc. now owns 24,691 shares of the company’s stock valued at $974,000 after purchasing an additional 1,486 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of FOX by 196.3% in the first quarter. Acadian Asset Management LLC now owns 2,717 shares of the company’s stock valued at $107,000 after purchasing an additional 1,800 shares during the period. 55.93% of the stock is currently owned by institutional investors and hedge funds.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.