UBS Group Has Lowered Expectations for FOX (NASDAQ:FOXA) Stock Price

FOX ( NASDAQ:FOXA – Get Free Report ) had its price target reduced by UBS Group from $63.00 to $61.00 in a report issued on Tuesday, Benzinga reports.

The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 26.40% from the stock’s previous close.



A number of other research firms have also commented on FOXA. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th.

Guggenheim reiterated a “buy” rating and issued a $60.00 price objective on shares of FOX in a research report on Tuesday, March 25th. JPMorgan Chase & Co.

upped their price target on FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th.

Bank of America lifted their price objective on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th.

Finally, Cfra Research upgraded shares of FOX from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, FOX presently has an average rating of “Hold” and an average price target of $50.

94. Check Out Our Latest Stock Report on FOXA FOX Stock Down 3.6 % FOX ( NASDAQ:FOXA – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 4th.

The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.

34. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.

78 billion. FOX had a net margin of 14.39% and a return on equity of 18.

50%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis.

During the same period last year, the firm posted $0.34 EPS. As a group, equities research analysts expect that FOX will post 4.

38 earnings per share for the current fiscal year. Insider Activity In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.

17, for a total value of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.

54. The trade was a 4.61 % decrease in their ownership of the stock.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th.

The shares were sold at an average price of $54.13, for a total transaction of $69,178.14.

Following the completion of the sale, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.

10 % decrease in their position. The disclosure for this sale can be found here . Corporate insiders own 21.

77% of the company’s stock. Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of FOX in the fourth quarter valued at about $132,161,000.

Jupiter Asset Management Ltd. bought a new stake in shares of FOX during the 4th quarter worth approximately $67,471,000. FMR LLC boosted its position in shares of FOX by 240.

2% during the 4th quarter. FMR LLC now owns 1,884,927 shares of the company’s stock worth $91,570,000 after acquiring an additional 1,330,908 shares in the last quarter. Robeco Institutional Asset Management B.

V. increased its stake in FOX by 308.5% in the fourth quarter.

Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock valued at $59,174,000 after acquiring an additional 919,883 shares during the last quarter.

Finally, Allianz Asset Management GmbH raised its position in FOX by 3,077.5% during the fourth quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company’s stock valued at $43,016,000 after purchasing an additional 857,609 shares in the last quarter.

Institutional investors and hedge funds own 52.52% of the company’s stock. About FOX ( Get Free Report ) 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. Read More Receive News & Ratings for FOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FOX and related companies with MarketBeat.

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