Fox Corporation (NASDAQ:FOXA) Given Consensus Rating of “Hold” by Analysts

Fox Corporation (NASDAQ:FOXA) has been assigned a consensus rating of “Hold” from the seventeen analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $71.80.

Several equities research analysts recently weighed in on FOXA shares. TD Cowen upped their price target on FOX from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. Citigroup lifted their price objective on FOX from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Zacks Research cut FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. increased their target price on FOX from $65.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a report on Monday, December 29th.

Institutional Trading of FOX

Several large investors have recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in FOX during the fourth quarter valued at about $27,000. FWL Investment Management LLC purchased a new position in shares of FOX during the 3rd quarter valued at about $26,000. CYBER HORNET ETFs LLC bought a new position in shares of FOX during the 2nd quarter valued at approximately $35,000. Rosenberg Matthew Hamilton increased its holdings in FOX by 58.5% in the 4th quarter. Rosenberg Matthew Hamilton now owns 696 shares of the company’s stock worth $51,000 after acquiring an additional 257 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in FOX by 35.6% in the 4th quarter. Private Trust Co. NA now owns 712 shares of the company’s stock worth $52,000 after buying an additional 187 shares during the period. Institutional investors own 52.52% of the company’s stock.

FOX Trading Up 0.1%

Shares of FOXA opened at $57.74 on Friday. The stock has a market capitalization of $24.56 billion, a P/E ratio of 13.88, a PEG ratio of 7.54 and a beta of 0.55. FOX has a twelve month low of $46.42 and a twelve month high of $76.39. The company has a quick ratio of 2.44, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $65.28 and a two-hundred day simple moving average of $64.45.

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

FOX Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.28 per share. This represents a dividend yield of 83.0%. The ex-dividend date of this dividend is Wednesday, March 4th. FOX’s dividend payout ratio is presently 13.46%.

About FOX

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.