Fox Co. (NASDAQ:FOXA – Get Free Report) insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
FOX Stock Performance
FOX stock opened at $53.24 on Friday. The business has a 50 day moving average of $48.79 and a 200-day moving average of $44.03. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. Fox Co. has a 1 year low of $28.28 and a 1 year high of $55.56. The company has a market capitalization of $24.32 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.25 and a beta of 0.76.
FOX (NASDAQ:FOXA – Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.34. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.78 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. On average, equities research analysts predict that Fox Co. will post 4.12 earnings per share for the current year.
FOX Announces Dividend
Analyst Ratings Changes
Several equities analysts have weighed in on FOXA shares. Morgan Stanley lifted their price objective on FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Macquarie restated a “neutral” rating and issued a $43.00 target price on shares of FOX in a research report on Tuesday, November 5th. The Goldman Sachs Group upped their price target on shares of FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on shares of FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Loop Capital upped their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, FOX has a consensus rating of “Hold” and a consensus price target of $50.19.
Institutional Investors Weigh In On FOX
Institutional investors and hedge funds have recently made changes to their positions in the stock. Algert Global LLC acquired a new position in shares of FOX in the second quarter worth approximately $362,000. Creative Planning lifted its position in shares of FOX by 119.2% in the 2nd quarter. Creative Planning now owns 29,277 shares of the company’s stock worth $1,006,000 after purchasing an additional 15,921 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of FOX in the 2nd quarter valued at $962,000. Czech National Bank increased its position in shares of FOX by 3.9% during the third quarter. Czech National Bank now owns 45,762 shares of the company’s stock worth $1,937,000 after buying an additional 1,714 shares during the period. Finally, GAMMA Investing LLC raised its stake in FOX by 65.1% during the third quarter. GAMMA Investing LLC now owns 5,505 shares of the company’s stock worth $233,000 after buying an additional 2,171 shares during the last quarter. Institutional investors and hedge funds own 52.52% 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 four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.
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