707 institutions hold shares in Fox Corporation (FOXA), with 9.58M shares held by insiders accounting for 1.62% while institutional investors hold 110.95% of the company’s shares. The shares outstanding are 595.00M, and float is at 481.31M with Short Float at 4.25%. Institutions hold 109.15% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 39.06 million shares valued at $1.14 billion. The investor’s holdings represent 11.53% of the FOXA Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 33.93 million shares valued at $944.16 million to account for 10.01% of the shares outstanding. The other top investors are Dodge & Cox Inc which holds 32.27 million shares representing 9.53% and valued at over $898.18 million, while Baupost Group, Inc,.(The) LLC holds 7.96% of the shares totaling 26.97 million with a market value of $750.65 million.
Fox Corporation (NASDAQ: FOXA) is 19.13% higher on its value in year-to-date trading and has touched a low of $19.81 and a high of $40.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FOXA stock was last observed hovering at around $33.78 in the last trading session, with the day’s gains setting it 0.91% off its average median price target of $35.00 for the next 12 months. It is also 13.28% off the consensus price target high of $40.00 offered by 26 analysts, but current levels are -38.76% lower than the price target low of $25.00 for the same period.
Currently trading at $34.69, the stock is 8.68% and 13.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.83 million and changing 2.69% at the moment leaves the stock 23.72% off its SMA200. FOXA registered -3.61% loss for a year compared to 6-month gain of 33.99%. The firm has a 50-day simple moving average (SMA 50) of $31.35 and a 200-day simple moving average (SMA200) of $28.50.
The stock witnessed a 11.76% loss in the last 1 month and extending the period to 3 months gives it a 25.42%, and is 6.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.68% over the week and 5.51% over the month.
Fox Corporation (FOXA) has around 9000 employees, a market worth around $19.22B and $12.66B in sales. Current P/E ratio is 13.71 and Fwd P/E is 13.45. Profit margin for the company is 12.10%. Distance from 52-week low is 75.11% and -14.83% from its 52-week high. The company has generated returns on investments over the last 12 months (7.90%).
Fox Corporation (FOXA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fox Corporation (FOXA) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 2.60, where 11 rate it as a Hold and 0 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Fox Corporation is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.54 with sales reaching $3.08B over the same period.The EPS is expected to shrink by -36.90% this year, but quarterly earnings will post 1.80% year-over-year. Quarterly sales are estimated to shrink -10.40% in year-over-year returns.
Fox Corporation (FOXA) Insider Activity
A total of 1 insider transactions have happened at Fox Corporation (FOXA) in the last six months, with sales accounting for 1 and purchases happening 0 times.