Fox Co. (NASDAQ:FOXA) Receives $34.93 Average PT from Brokerages

Fox Co. (NASDAQ:FOXA) has received an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four 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 $34.93.

Several equities analysts have weighed in on the stock. Credit Suisse Group restated a “neutral” rating and set a $33.00 target price on shares of FOX in a report on Wednesday, August 9th. Morgan Stanley dropped their price objective 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. Loop Capital dropped their price objective on shares of FOX from $40.00 to $38.00 in a research note on Wednesday, October 11th. StockNews.com began coverage on FOX in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Citigroup raised their price target on FOX from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, August 17th.

FOX Trading Up 0.9 %

Shares of FOXA stock opened at $30.64 on Tuesday. FOX has a fifty-two week low of $28.67 and a fifty-two week high of $37.26. The stock has a market cap of $14.79 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.77 and a beta of 0.86. The business has a fifty day simple moving average of $30.85 and a 200-day simple moving average of $32.13. The company has a quick ratio of 1.81, a current ratio of 2.02 and a debt-to-equity ratio of 0.57.

Insider Activity

In other news, insider Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly 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 can be accessed through this link. Corporate insiders own 21.77% of the company’s stock.

Institutional Trading of FOX

Institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in FOX during the second quarter worth approximately $33,000. IFM Investors Pty Ltd grew its stake in shares of FOX by 3.4% in the second quarter. IFM Investors Pty Ltd now owns 62,538 shares of the company’s stock valued at $2,126,000 after buying an additional 2,036 shares in the last quarter. Financial Counselors Inc. grew its stake in shares of FOX by 5.8% in the first quarter. Financial Counselors Inc. now owns 352,313 shares of the company’s stock valued at $11,996,000 after buying an additional 19,262 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of FOX by 4.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 488,196 shares of the company’s stock valued at $16,623,000 after buying an additional 19,389 shares during the period. Finally, Intech Investment Management LLC lifted its position in FOX by 2.0% during the 1st quarter. Intech Investment Management LLC now owns 39,911 shares of the company’s stock worth $1,359,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 55.93% of the company’s stock.

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.