FOX (NASDAQ:FOXA) Given a $65.00 Price Target by UBS Group Analysts

FOX (NASDAQ:FOXA - Get Free Report) received a $65.00 price objective from equities research analysts at UBS Group in a research report issued on Wednesday, MarketBeat reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective would suggest a potential upside of 14.46% from the company's current price.

FOXA has been the topic of several other reports. Wells Fargo & Company lifted their price target on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Cowen reaffirmed a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Guggenheim reaffirmed a "buy" rating and issued a $62.00 price target (up from $60.00) on shares of FOX in a report on Wednesday. Morgan Stanley lifted their price target on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Finally, Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $53.53.

FOX Stock Up 0.2%

FOXA stock traded up $0.11 during trading on Wednesday, hitting $56.79. 3,737,562 shares of the company's stock traded hands, compared to its average volume of 3,575,409. The firm has a market capitalization of $25.53 billion, a P/E ratio of 14.13, a PEG ratio of 1.20 and a beta of 0.51. The business has a fifty day simple moving average of $53.34 and a two-hundred day simple moving average of $52.24. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. FOX has a 1 year low of $33.84 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.17. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. FOX's revenue was up 26.8% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. Sell-side analysts anticipate that FOX will post 4.38 EPS for the current year.

Insiders Place Their Bets

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the sale, the chief financial officer now directly owns 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 21.77% of the stock is owned by insiders.

Institutional Investors Weigh In On FOX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenleaf Trust grew its position in FOX by 3.1% during the 1st quarter. Greenleaf Trust now owns 6,778 shares of the company's stock worth $384,000 after purchasing an additional 205 shares during the period. DnB Asset Management AS boosted its stake in shares of FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after acquiring an additional 245 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of FOX by 55.2% during the 1st quarter. Allworth Financial LP now owns 787 shares of the company's stock worth $45,000 after acquiring an additional 280 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Company Profile

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.