FOX (NASDAQ:FOXA) Stock Rating Reaffirmed by Rosenblatt Securities

Rosenblatt Securities reaffirmed their neutral rating on shares of FOX (NASDAQ:FOXA) in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a $34.00 price objective on the stock.

A number of other equities research analysts have also commented on the stock. TheStreet lowered shares of FOX from a b- rating to a c rating in a report on Wednesday, February 7th. Wolfe Research raised shares of FOX from an underperform rating to a peer perform rating in a report on Thursday, January 4th. Macquarie increased their price objective on shares of FOX from $29.00 to $30.00 and gave the stock a neutral rating in a report on Thursday, February 8th. Citigroup raised shares of FOX from a neutral rating to a buy rating and increased their price objective for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. Finally, Seaport Res Ptn raised shares of FOX from a neutral rating to a buy rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $33.40.

FOX Stock Up 1.0 %

FOXA opened at $30.77 on Monday. The firm’s 50-day simple moving average is $30.17 and its 200-day simple moving average is $30.37. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. FOX has a twelve month low of $28.28 and a twelve month high of $35.40. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 0.41 and a beta of 0.78.

FOX (NASDAQ:FOXA) last posted its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.24. FOX had a net margin of 5.75% and a return on equity of 15.81%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. Equities research analysts anticipate that FOX will post 3.19 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a dividend yield of 1.8%. FOX’s dividend payout ratio is 30.77%.

Hedge Funds Weigh In On FOX

Several hedge funds have recently made changes to their positions in FOXA. Brookstone Capital Management lifted its holdings in shares of FOX by 4.7% during the first quarter. Brookstone Capital Management now owns 23,319 shares of the company’s stock worth $729,000 after buying an additional 1,054 shares in the last quarter. Benson Investment Management Company Inc. bought a new stake in shares of FOX during the first quarter worth about $4,784,000. Park Avenue Securities LLC grew its holdings in shares of FOX by 1.7% during the first quarter. Park Avenue Securities LLC now owns 18,908 shares of the company’s stock worth $591,000 after purchasing an additional 324 shares during the last quarter. Alaska Permanent Fund Corp grew its holdings in shares of FOX by 300.1% during the first quarter. Alaska Permanent Fund Corp now owns 58,136 shares of the company’s stock worth $1,818,000 after purchasing an additional 43,607 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in FOX in the first quarter valued at approximately $86,000. 52.52% of the stock is owned by institutional investors.

FOX 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.