Fox Corporation (NASDAQ: FOX) is 35.88% higher on its value in year-to-date trading and has touched a low of $25.82 and a high of $37.19 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 FOX stock was last observed hovering at around $37.15 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $37.57, the stock is 4.89% and 11.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.67 million and changing 1.13% at the moment leaves the stock 25.70% off its SMA200. FOX registered 21.23% gain for a year compared to 6-month gain of 36.82%.
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The stock witnessed a 8.74% loss in the last 1 month and extending the period to 3 months gives it a 23.59%, and is 3.41% 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 1.36% over the week and 1.87% over the month.
Fox Corporation (FOX) has around 10200 employees, a market worth around $17.29B and $13.98B in sales. Current P/E ratio is 11.99 and Fwd P/E is 10.24. Profit margin for the company is 10.74%. Distance from 52-week low is 45.54% and 1.02% from its 52-week high. The company has generated returns on investments over the last 12 months (8.25%).
The EPS is expected to grow by 7.47% this year
586.0 institutions hold shares in Fox Corporation (FOX), with institutional investors hold 98.98% of the company’s shares. The shares outstanding are 235.58M, and float is at 131.78M with Short Float at 2.69%. Institutions hold 55.44% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.2 million shares valued at $406.43 million. The investor’s holdings represent 2.996 of the FOX Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 13.4 million shares valued at $383.44 million to account for 2.8265 of the shares outstanding. The other top investors are DODGE & COX which holds 11.34 million shares representing 2.3931 and valued at over $324.65 million, while YACKTMAN ASSET MANAGEMENT LP holds 1.8422 of the shares totaling 8.73 million with a market value of $249.91 million.
Fox Corporation (FOX) Insider Activity
The most recent transaction is an insider sale by NALLEN JOHN, the company’s Chief Operating Officer. SEC filings show that NALLEN JOHN sold 52,874 shares of the company’s common stock on Aug 15 ’24 at a price of $38.96 per share for a total of $2.06 million. Following the sale, the insider now owns 0.25 million shares.
Fox Corporation disclosed in a document filed with the SEC on Aug 15 ’24 that MURDOCH LACHLAN K (Executive Chair, CEO) bought a total of 119,705 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $39.06 per share for $4.68 million. Following the transaction, the insider now directly holds 1.08 million shares of the FOX stock.
Still, SEC filings show that on Aug 15 ’24, MURDOCH LACHLAN K (Executive Chair, CEO) disposed off 119,705 shares at an average price of $39.06 for $4.68 million. The insider now directly holds 152 shares of Fox Corporation (FOX).
