Fox Corporation $FOXA Shares Sold by CSM Advisors LLC

CSM Advisors LLC lowered its position in shares of Fox Corporation (NASDAQ:FOXA) by 17.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 381,955 shares of the company’s stock after selling 78,180 shares during the quarter. CSM Advisors LLC owned about 0.09% of FOX worth $24,086,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new position in FOX in the second quarter valued at approximately $35,000. Quantbot Technologies LP purchased a new stake in FOX during the third quarter worth approximately $51,000. Geneos Wealth Management Inc. increased its position in shares of FOX by 205.6% in the first quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock worth $52,000 after acquiring an additional 621 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of FOX during the 3rd quarter valued at $60,000. Finally, Brown Brothers Harriman & Co. boosted its position in FOX by 27.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,062 shares of the company’s stock worth $67,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on FOX from $65.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Zacks Research lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Guggenheim boosted their target price on shares of FOX from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Morgan Stanley upped their target price on shares of FOX from $74.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, UBS Group set a $64.00 price target on shares of FOX in a report on Tuesday, February 24th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.80.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: CEO Lachlan K. Murdoch purchased 175,372 shares on March 13 at an average $60.63, raising his stake to ~1.25M shares — a visible insider buy that can be read as a vote of confidence in the company. Murdoch Form 4 (purchase)
• Positive Sentiment: Recent coverage highlights a shifting investment story around sports rights and advertising potential — this frames a possible medium-term revenue/upside catalyst for FOX’s broadcast and sports assets. How The Fox (FOXA) Investment Story Is Shifting Around Sports Rights And Advertising Potential
• Neutral Sentiment: Brokerage consensus remains a “Hold” on FOX, indicating analysts see limited near-term upgrade pressure despite the company’s recent fundamentals and messaging. Fox Corporation (NASDAQ:FOXA) Given Consensus Rating of “Hold” by Brokerages
• Negative Sentiment: Significant insider selling by leadership: CEO Lachlan Murdoch sold multiple tranches (totaling ~1.13M shares across Mar 11–13 for roughly $65M) and COO John Nallen sold ~459k shares (~$26.5M) across Mar 11–12. Those large disposals — even though partially offset by Murdoch’s purchase — are likely weighing on sentiment and helped drive elevated trading volume. Murdoch Form 4 (sales & purchase) Nallen Form 4 (sales)

FOX Trading Down 0.6%

Shares of FOXA opened at $57.39 on Friday. Fox Corporation has a one year low of $46.42 and a one year high of $76.39. The stock has a 50-day moving average price of $64.95 and a 200 day moving average price of $64.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.44 and a current ratio of 2.78. The company has a market capitalization of $24.41 billion, a P/E ratio of 13.80, a P/E/G ratio of 7.50 and a beta of 0.55.

FOX (NASDAQ:FOXA) last announced its earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.35. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.02 billion. FOX had a return on equity of 18.14% and a net margin of 11.41%.FOX’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Sell-side analysts forecast that Fox Corporation will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a yield of 83.0%. FOX’s dividend payout ratio is currently 13.46%.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 216,806 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $57.68, for a total transaction of $12,505,370.08. Following the transaction, the chief operating officer directly owned 362,206 shares in the company, valued at $20,892,042.08. This represents a 37.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lachlan K. Murdoch sold 637,752 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.20, for a total transaction of $37,117,166.40. Following the transaction, the chief executive officer directly owned 152 shares of the company’s stock, valued at approximately $8,846.40. This represents a 99.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,586,871 shares of company stock worth $91,893,926 over the last ninety days. 19.68% of the stock is currently owned by corporate insiders.

About FOX

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.