FoxFOXA
Market Cap: 17.5B
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, 28 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: 10,400
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
531% more call options, than puts
Call options by funds: $237M | Put options by funds: $37.5M
5% more capital invested
Capital invested by funds: $7.39B [Q4 2023] → $7.77B (+$373M) [Q1 2024]
4.25% more ownership
Funds ownership: 99.59% [Q4 2023] → 103.84% (+4.25%) [Q1 2024]
6% less funds holding
Funds holding: 515 [Q4 2023] → 486 (-29) [Q1 2024]
28% less repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 211
33% less funds holding in top 10
Funds holding in top 10: 3 [Q4 2023] → 2 (-1) [Q1 2024]
36% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 80
Research analyst outlook
11 Wall Street Analysts provided 1 year price forecasts over the past 6 months
11 analyst ratings
Goldman Sachs Michael Ng | 12%upside $42 | Buy Maintained | 1 Jul 2024 |
Goldman Sachs Michael Ng | 12%upside $42 | Buy Initiated | 25 Jun 2024 |
Barclays Kannan Venkateshwar | 4%downside $36 | Equal-Weight Maintained | 13 May 2024 |
Macquarie Tim Nollen | 15%downside $32 | Neutral Maintained | 13 May 2024 |
Deutsche Bank Bryan Kraft | 4%upside $39 | Buy Maintained | 9 May 2024 |
Financial journalist opinion
Based on 12 articles about FOXA published over the past 30 days