FOX (NASDAQ:FOXA) had its price target cut by Rosenblatt Securities from $23.00 to $22.00 in a research note published on Monday, BenzingaRatingsTable reports. They currently have a sell rating on the stock.

Several other equities analysts have also commented on the company. Societe Generale upgraded FOX from a sell rating to a hold rating in a research note on Sunday, April 19th. Royal Bank of Canada restated a buy rating and issued a $31.00 price target on shares of FOX in a report on Thursday, May 7th. Loop Capital raised shares of FOX from a hold rating to a buy rating in a research report on Friday, July 24th. Needham & Company LLC reissued a hold rating on shares of FOX in a report on Tuesday, July 21st. Finally, Deutsche Bank lowered their target price on FOX from $46.00 to $37.00 and set a buy rating for the company in a report on Monday, May 11th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $29.05.

NASDAQ:FOXA opened at $24.92 on Monday. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 15.48 and a beta of 1.38. FOX has a twelve month low of $19.81 and a twelve month high of $39.74. The company has a current ratio of 3.93, a quick ratio of 3.48 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $25.77 and a 200-day simple moving average of $28.26.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.39 billion. FOX had a net margin of 8.12% and a return on equity of 14.93%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. As a group, equities research analysts predict that FOX will post 1.94 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a dividend yield of 1.8%. FOX’s dividend payout ratio (DPR) is currently 18.55%.

Institutional investors have recently made changes to their positions in the stock. Independent Franchise Partners LLP grew its position in FOX by 15.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 25,462,004 shares of the company’s stock worth $682,890,000 after purchasing an additional 3,398,393 shares during the last quarter. GM Advisory Group Inc. lifted its stake in shares of FOX by 50.4% during the second quarter. GM Advisory Group Inc. now owns 17,292 shares of the company’s stock worth $464,000 after buying an additional 5,792 shares during the period. MANA Advisors LLC purchased a new stake in shares of FOX during the second quarter valued at $252,000. FMR LLC increased its position in shares of FOX by 5.6% in the 2nd quarter. FMR LLC now owns 2,221,452 shares of the company’s stock valued at $59,580,000 after acquiring an additional 118,478 shares during the period. Finally, Federated Hermes Inc. raised its stake in FOX by 2,413.9% in the 2nd quarter. Federated Hermes Inc. now owns 33,083 shares of the company’s stock worth $888,000 after acquiring an additional 31,767 shares during the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.

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Analyst Recommendations for FOX (NASDAQ:FOXA)

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