Fox Corporation (NASDAQ:FOX) Given Average Recommendation of “Hold” by Brokerages

Fox Corporation (NASDAQ:FOX) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $75.00.

FOX has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of FOX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Zacks Research cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st.

Trending Headlines about FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox News generated multiple high-interest stories and video segments around the Iran conflict, Trump, and the Charlie Kirk case, which could help drive strong traffic and audience engagement across Fox’s platforms. US strikes around 90 targets in Iran, who threatens ‘grave consequences’
• Positive Sentiment: The company also pushed several politically charged headlines tied to Trump and the Supreme Court, which may keep Fox News central to the news cycle and support ratings. Trump to ask Supreme Court to rehear birthright citizenship case after ‘insane decision’
• Neutral Sentiment: Several sports and lifestyle items, including golf tournament and betting content, add to Fox’s content mix but are less likely to materially move the stock on their own. American Century Championship brings celebrities to the golf course for a star-studded tournament
• Neutral Sentiment: Other articles were largely standard editorial and video coverage, which should have limited direct impact on Fox Corporation’s fundamentals. Jonathan Turley: This will harden the jury in the Tyler Robinson case

FOX Stock Up 1.0%

Shares of NASDAQ:FOX opened at $48.44 on Friday. The company has a market capitalization of $20.35 billion, a PE ratio of 12.78, a P/E/G ratio of 1.36 and a beta of 0.57. The company has a current ratio of 2.90, a quick ratio of 2.65 and a debt-to-equity ratio of 0.60. FOX has a twelve month low of $44.08 and a twelve month high of $68.18. The firm has a 50 day simple moving average of $54.27 and a 200-day simple moving average of $56.74.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Monday, May 11th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.30. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.78 billion. FOX had a return on equity of 18.90% and a net margin of 10.56%. On average, equities analysts predict that FOX will post 4.78 EPS for the current fiscal year.

Hedge Funds Weigh In On FOX

Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of FOX by 65.6% during the 1st quarter. AQR Capital Management LLC now owns 26,715 shares of the company’s stock worth $1,408,000 after purchasing an additional 10,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in FOX by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the company’s stock valued at $656,000 after buying an additional 586 shares during the last quarter. NewEdge Advisors LLC purchased a new position in FOX during the first quarter worth $224,000. Woodline Partners LP raised its holdings in shares of FOX by 40.7% in the first quarter. Woodline Partners LP now owns 11,145 shares of the company’s stock worth $587,000 after acquiring an additional 3,222 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of FOX by 427.0% in the first quarter. Jane Street Group LLC now owns 97,261 shares of the company’s stock worth $5,127,000 after acquiring an additional 78,804 shares during the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

About FOX

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.