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

Fox Corporation (NASDAQ:FOXA) has been assigned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $75.0667.

FOXA has been the subject of several research reports. Zacks Research downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Evercore lifted their price target on FOX from $66.00 to $70.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of FOX in a research note on Monday, December 29th. Wells Fargo & Company cut FOX from an “overweight” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Arete Research raised FOX from a “neutral” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, October 28th.

Insider Transactions at FOX

In other FOX news, insider Adam G. Ciongoli sold 29,897 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.55, for a total value of $2,079,336.35. Following the completion of the sale, the insider owned 35,978 shares of the company’s stock, valued at $2,502,269.90. The trade was a 45.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 19.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FOX

A number of large investors have recently added to or reduced their stakes in the stock. FWL Investment Management LLC bought a new position in FOX during the 3rd quarter worth $26,000. Elyxium Wealth LLC acquired a new stake in shares of FOX during the 4th quarter worth $27,000. CYBER HORNET ETFs LLC bought a new position in shares of FOX in the second quarter worth $35,000. Rosenberg Matthew Hamilton raised its stake in FOX by 58.5% in the fourth quarter. Rosenberg Matthew Hamilton now owns 696 shares of the company’s stock valued at $51,000 after purchasing an additional 257 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in FOX during the third quarter worth about $51,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Trading Up 1.5%

FOXA stock opened at $57.02 on Monday. FOX has a one year low of $46.42 and a one year high of $76.39. The stock has a market cap of $24.26 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 7.45 and a beta of 0.51. The company has a fifty day moving average price of $69.60 and a two-hundred day moving average price of $64.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.44.

FOX (NASDAQ:FOXA) last posted its earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.35. The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.02 billion. FOX had a net margin of 11.41% and a return on equity of 18.14%. FOX’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS. Equities analysts anticipate that FOX will post 4.38 EPS for the current year.

FOX Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, March 4th. This represents a yield of 83.0%. FOX’s payout ratio is 13.46%.

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.