FoxFOXA
Market Cap: $18.6B
About: Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 29 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.
Employees: 10,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
117% more call options, than puts
Call options by funds: $72.9M | Put options by funds: $33.5M
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
9% more capital invested
Capital invested by funds: $7.84B [Q1] → $8.56B (+$713M) [Q2]
2.88% more ownership
Funds ownership: 104.89% [Q1] → 107.77% (+2.88%) [Q2]
1% more funds holding
Funds holding: 498 [Q1] → 503 (+5) [Q2]
8% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 61
6% less repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 187
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Wells Fargo Steven Cahall 56% 1-year accuracy 20 / 36 met price target | 14%upside $46 | Overweight Upgraded | 16 Aug 2024 |
Macquarie Tim Nollen 70% 1-year accuracy 14 / 20 met price target | 13%downside $35 | Neutral Maintained | 12 Aug 2024 |
Deutsche Bank Bryan Kraft 82% 1-year accuracy 14 / 17 met price target | 4%upside $42 | Buy Maintained | 7 Aug 2024 |
JP Morgan David Karnovsky 65% 1-year accuracy 13 / 20 met price target | 6%downside $38 | Neutral Maintained | 7 Aug 2024 |
Goldman Sachs Michael Ng 85% 1-year accuracy 17 / 20 met price target | 9%upside $44 | Buy Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 8 articles about FOXA published over the past 30 days