On May 23, 2023, Citigroup decided to sustain its coverage of Fox Corporation (NASDAQ:FOXA) and recommended a Neutral rating according to Fintel reports.
Analyst Prices Suggest 19.23% Upside
As of May 11, 2023, Fox Corporation has an average one-year price target of 37.33, with predictions ranging from a low of 28.28 to a high of 46.20. Compared to its latest close price of 31.31, the average price target represents a 19.23% increase.
For a list of companies with the largest price target upside, check out Fintel’s leaderboard.
Projected annual revenue for Fox Corporation – is expected to increase by 2.39% to reach 15,270MM. The projected annual non-GAAP EPS is expected to be 3.61.
What is the Fund Sentiment?
Currently, 1187 funds or institutions are reporting positions in Fox Corporation, a 1.74% decrease in the last quarter. The average portfolio weight of all funds dedicated to FOXA is 0.20%, a decrease of 1.68%. Total shares owned by institutions decreased in the last three months by 1.82% to 358,234K shares. According to the put/call ratio of FOXA, the outlook is bullish.
What are Other Shareholders Doing?
Dodge & Cox owns 40,057K shares, representing 7.94% ownership of the company. The firm reported owning 40,067K shares in its prior filing, a decrease of 0.03%. The firm increased its portfolio allocation in FOXA by 11.38% over the last quarter.
DODGX – Dodge & Cox Stock Fund owns 27,659K shares, representing 5.48% ownership of the company. The firm reported owning 29,108K shares in its prior filing, a decrease of 5.24%. The firm decreased its portfolio allocation in FOXA by 15.68% over the last quarter.
Independent Franchise Partners LLP owns 18,958K shares, representing 3.76% ownership of the company. The firm reported owning 19,026K shares in its prior filing, a decrease of 0.36%. The firm increased its portfolio allocation in FOXA by 102,484.84% over the last quarter.
Ninety One UK owns 11,989K shares, representing 2.38% ownership of the company. The firm reported owning 11,781K shares in its prior filing, an increase of 1.73%. The firm increased its portfolio allocation in FOXA by 10.86% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 8,898K shares, representing 1.76% ownership of the company. The firm reported owning 8,850K shares in its prior filing, an increase of 0.54%. The firm decreased its portfolio allocation in FOXA by 8.09% over the last quarter.
About Fox Corporation
(This description is provided by the company.)
Fox Corporation produces and distributes news, sports, and entertainment content under well-known brands such as FOX News Media, FOX Sports, FOX Entertainment, and FOX Television Stations. The company aims to engage and inform audiences through its various content offerings and develop strong relationships with consumers and commercial connections with distributors and advertisers. With a history of success in news, sports, and entertainment, FOX is poised to further capitalize on its strengths and adapt to changing times.
This story originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
