Fox (FOXA)

• Market cap: $22.6B
• 1 day: 1.41%
• 5 days: 5.09%
• 1 month: 8.38%
• 3 months: 23.18%
• 6 months: 44.19%
• Year to date: 63.79%
• 1 year: 68.24%
• 5 years: 33.25%
• 10 years: -1.75%
• Sector: Communication Services
• Industry: Television Broadcasting Stations

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 Q3 regulatory filings by fund managers ($100M+ AUM)

89% more call options, than puts

Call options by funds: $31.9M | Put options by funds: $16.9M

18% more capital invested

Capital invested by funds: $8.65B [Q2] → $10.2B (+$1.53B) [Q3]

13% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 67

2% more funds holding

Funds holding: 506 [Q2] → 515 (+9) [Q3]

0.89% less ownership

Funds ownership: 108.99% [Q2] → 108.1% (-0.89%) [Q3]

28% less repeat investments, than reductions

Existing positions increased: 154 | Existing positions reduced: 214

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $39 21% downside
• Avg. target: $48 2% downside
• High target: $58 17% upside

13 analyst ratings

• positive: 8 62%
• neutral: 5 38%
• negative: 0 0%

Goldman Sachs Michael Ng 81% 1-year accuracy 17 / 21 met price target	15% upside $57	Buy Maintained	19 Dec 2024
Loop Capital Alan Gould 84% 1-year accuracy 16 / 19 met price target	11% upside $55	Buy Maintained	18 Dec 2024
Citigroup Jason Bazinet 68% 1-year accuracy 19 / 28 met price target	17% upside $58	Buy Maintained	18 Dec 2024
B of A Securities Jessica Reif Ehrlich 100% 1-year accuracy 13 / 13 met price target	11% upside $55	Buy Maintained	18 Dec 2024
Guggenheim Michael Morris 71% 1-year accuracy 17 / 24 met price target	1% upside $50	Buy Maintained	5 Nov 2024