Yacktman Asset Management LP Has $332.21 Million Stake in Fox Corporation $FOX

Yacktman Asset Management LP lowered its position in Fox Corporation (NASDAQ:FOX) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,798,698 shares of the company’s stock after selling 427,704 shares during the quarter. FOX makes up about 4.6% of Yacktman Asset Management LP’s portfolio, making the stock its 4th biggest position. Yacktman Asset Management LP owned approximately 1.30% of FOX worth $332,207,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in shares of FOX in the 3rd quarter worth $26,000. Quent Capital LLC bought a new stake in shares of FOX in the third quarter valued at about $32,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX in the third quarter valued at about $74,000. First Horizon Corp purchased a new stake in FOX in the third quarter worth about $74,000. Finally, Geneos Wealth Management Inc. grew its holdings in FOX by 95.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock worth $76,000 after acquiring an additional 703 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Performance

Shares of FOX opened at $65.57 on Monday. The company has a current ratio of 3.24, a quick ratio of 3.03 and a debt-to-equity ratio of 0.54. The firm has a market cap of $29.11 billion, a PE ratio of 14.73, a P/E/G ratio of 1.45 and a beta of 0.56. Fox Corporation has a 12 month low of $43.18 and a 12 month high of $68.18. The stock has a fifty day moving average price of $63.75 and a 200-day moving average price of $57.60.

FOX (NASDAQ:FOX) last announced its earnings results on Thursday, October 30th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.45. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.57 billion. FOX had a return on equity of 18.61% and a net margin of 12.35%. Equities research analysts predict that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 29,897 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $69.55, for a total transaction of $2,079,336.35. Following the transaction, the insider owned 35,978 shares in the company, valued at approximately $2,502,269.90. This represents a 45.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction on Friday, November 21st. The stock was sold at an average price of $59.26, for a total transaction of $5,926,000.00. Following the sale, the chairman owned 1,100,862 shares of the company’s stock, valued at $65,237,082.12. The trade was a 8.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 437,050 shares of company stock valued at $28,347,106. Insiders own 23.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FOX. Guggenheim restated a “buy” rating and issued a $85.00 price target on shares of FOX in a report on Monday, December 22nd. UBS Group reissued a “buy” rating on shares of FOX in a research note on Friday, October 31st. Fox Advisors set a $97.00 target price on FOX in a research report on Tuesday, October 28th. Cfra reiterated a “buy” rating and issued a $73.00 price target on shares of FOX in a report on Monday, November 3rd. Finally, Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $82.50.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Major political breaking news — President Trump’s declaration of a national emergency over Cuba is driving heavy political news interest, which typically lifts Fox News viewership and ad demand. Trump declares national emergency over Cuba, threatens tariffs on nations that supply oil to communist regime
• Positive Sentiment: Exclusive/viral video coverage — new video and coverage around the Alex Pretti confrontation and subsequent developments are likely boosting digital traffic and engagement for Fox platforms. High-engagement video content supports both streaming and ad revenue. DHS Secretary Kristi Noem addresses calls for her firing, new Alex Pretti video
• Positive Sentiment: Fox-branded polling and commentary — coverage tied to Fox News Polls (and on-air commentary, e.g., Charles Payne) keeps the network at the center of political conversations, supporting ratings and ad pricing. Charles Payne slams media ‘fear’ campaign as Fox News Polls reveal Trump doubts
• Positive Sentiment: Ongoing high-interest political stories — coverage of Congress (shutdown tensions), high-profile legal and international items (senator actions, foreign policy), and candidate campaigns sustain consistent viewership across cable and digital. Tensions boil in House over emerging Senate deal to avert government shutdown
• Neutral Sentiment: Weather-driven local interest — forecasts of rare blizzard conditions in the Carolinas can temporarily raise local news viewership for weather affiliates; effect on Fox Corp. is modest and localized. Carolinas Forecast to See Rare Blizzard Conditions From Winter Storm – The New York Times
• Neutral Sentiment: Short-interest data appears unreliable — a January short-interest note shows anomalous zero/NaN values; no clear signal that hedging activity is materially changing the stock’s supply dynamics. Investors should watch for corrected/clarified data. Short interest update (data anomaly)

FOX Company Profile

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.