Recent shifts in Fox Corporation Class A ($FOXA) share ownership show mixed sentiment among investors, ranging from decreases in holdings by BNP Paribas Asset Management, Dimensional Fund Advisors, to increases by entities such as Capital Fund Management and Aberdeen Group. Significant new positions were also initiated by Nuveen, TFB Advisors, and Wealthedge Investment Advisors.
The recorded Q4 fiscal results report robust performance with revenues hitting $3.29 billion, alongside an adjusted EBITDA of $939 million, which seems to have had a positive impact on the stock price. The Fox Corporation reported a record growth and has increased its dividends to $0.28 per share.
Fox scored a win by purchasing a stake in IndyCar owner Penske Entertainment, indicating a strategic direction towards sports entertainment. Analysts have given the Corporation a 'Hold' recommendation on average, with the price target raised to $66.00 and Morgan Stanley raising it even further to $65.00. However, the growing giants in sports programming may pose a challenge. The Super Bowl LIX brought in over $800 million in gross advertising revenue for Fox, which contributed to making a strong Q3 report.
Fox Corporation Class A FOXA News Analytics from Tue, 19 Mar 2019 07:00:00 GMT to Sun, 24 Aug 2025 00:44:53 GMT - Rating -2 - Innovation 1 - Information 6 - Rumor -5
