An overview of Fox Corporation’s (FOXA) institutional holdings

The price of Fox Corporation (NASDAQ:FOXA) shares last traded on Wall Street fell -1.15% to $30.94.

Based on available information, 28 analysts follow Fox Corporation (NASDAQ:FOXA). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $44.00 and a low of $26.00, we find $34.00. Given the previous closing price of $31.30, this indicates a potential upside of 8.63 percent. FOXA stock price is now -0.82% away from the 50-day moving average and -5.97% away from the 200-day moving average. The market capitalization of the company currently stands at $15.03B.

Among analysts, 17 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $34.71 as their price target over the next twelve months.

With the price target reduced from $40 to $36, JP Morgan Downgraded its rating from Overweight to Neutral for Fox Corporation (NASDAQ: FOXA).

In other news, MURDOCH KEITH RUPERT, Chair sold 100,000 shares of the company’s stock on Sep 15. The stock was sold for $3,190,000 at an average price of $31.90. Upon completion of the transaction, the Chair now directly owns 128,964 shares in the company, valued at $3.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, Chief Legal and Policy Officer DINH VIET D sold 231,865 shares of the business’s stock. A total of $7,744,098 was realized by selling the stock at an average price of $33.40. This leaves the insider owning 56,161 shares of the company worth $1.74 million. Insiders disposed of 963,860 shares of company stock worth roughly $29.82 million over the past 1 year. A total of 48.94% of the company’s stock is owned by insiders.

A candlestick chart of Fox Corporation (NASDAQ: FOXA) showed a price of $31.31 on Tuesday morning. During the past 12 months, Fox Corporation has had a low of $28.07 and a high of $37.26. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 1.93, and a quick ratio of 1.78. According to the stock market information, the enterprise value for the company is $18.90B, which is based on a 13.39 price-to-earnings ratio, a 0.96 price-to-earnings-growth ratio, and a beta of 0.87. The fifty day moving average price for FOXA is $31.20 and a two-hundred day moving average price translates $32.90 for the stock.

The latest earnings results from Fox Corporation (NASDAQ: FOXA) was released for Sep, 2023. According to the Entertainment Company, earnings per share came in at $0.88, beating analysts’ expectations of $0.72 by 0.16. This compares to $1.11 EPS in the same period last year. The net profit margin was 8.31% and return on equity was 11.41% for FOXA. The company reported revenue of $3.21 billion for the quarter, compared to $3.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.47 percent. For the current quarter, analysts expect FOXA to generate $3.18B in revenue.

Fox Corporation(FOXA) Company Profile

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. Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, and power broadcast television stations including duopolies and other digital platform; and engages in production of content for company and third parties. Other, Corporate and Eliminations segment comprises the FOX Studio Lot which provides television and film production services including office space, studio operation services, and facility operations; and Credible, a U.S. consumer finance marketplace. The company was incorporated in 2018 and is headquartered in New York, New York.

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