Fox Corporation (FOXA) – What Are Analysts Saying About This Stock?

Shares of Fox Corporation (NASDAQ:FOXA) have received a consensus rating of “Moderate Buy” from the twenty-three research firms that are covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $76.94.

A number of brokerages recently commented on FOXA. Jefferies Financial Group downgraded shares of FOX to a “hold” rating in a research report on Friday, October 16th. Citizens Jmp initiated coverage on FOX in a research report on Monday, September 14th. They set a “market outperform” rating and a $95.00 target price on the stock. Citigroup began coverage on FOX in a report on Monday, September 14th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upgraded FOX from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $82.00 in a research report on Friday, August 14th. Finally, Weiss Ratings raised FOX from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday.

Insider Activity at FOX

In other news, CEO Lachlan Murdoch purchased 149,934 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of $68.53 per share, with a total value of $10,274,977.02. Following the purchase, the chief executive officer directly owned 1,401,713 shares of the company’s stock, valued at $96,059,391.89. The trade was a 11.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 20.89% of the stock is owned by company insiders.

Institutional Trading of FOX

Institutional investors have recently bought and sold shares of the company. Evergreen Capital Management LLC lifted its stake in FOX by 2.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 7,462 shares of the company’s stock valued at $467,000 after buying an additional 156 shares in the last quarter. XXI Wealth LLC increased its position in FOX by 4.2% during the third quarter. XXI Wealth LLC now owns 5,700 shares of the company’s stock worth $357,000 after buying an additional 232 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in FOX by 20.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,451 shares of the company’s stock worth $85,000 after buying an additional 251 shares in the last quarter. Greenleaf Trust increased its position in FOX by 4.4% during the second quarter. Greenleaf Trust now owns 6,295 shares of the company’s stock worth $328,000 after buying an additional 267 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of FOX by 1.1% in the second quarter. Sequoia Financial Advisors LLC now owns 35,335 shares of the company’s stock worth $1,843,000 after acquiring an additional 389 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of NASDAQ FOXA opened at $63.39 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.17 and a quick ratio of 2.99. The stock has a fifty day moving average price of $65.25 and a 200 day moving average price of $62.42. FOX has a 1-year low of $48.34 and a 1-year high of $76.39. The company has a market cap of $26.60 billion, a PE ratio of 16.55, a P/E/G ratio of 1.16 and a beta of 0.60.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35. FOX had a net margin of 9.84% and a return on equity of 20.64%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the business posted $1.27 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. Sell-side analysts forecast that FOX will post 6.06 EPS for the current year.

FOX Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.29 per share. This represents a dividend yield of 86.0%. The ex-dividend date was Wednesday, September 2nd. FOX’s dividend payout ratio (DPR) is presently 15.14%.

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.