FOX (NASDAQ:FOX) CEO Sells $37,117,166.40 in Stock

Fox Corporation (NASDAQ:FOX) CEO Lachlan Murdoch sold 637,752 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.20, for a total value of $37,117,166.40. Following the sale, the chief executive officer directly owned 152 shares of the company’s stock, valued at approximately $8,846.40. This trade represents a 99.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

FOX Trading Down 0.9%

Shares of NASDAQ FOX traded down $0.45 during mid-day trading on Friday, hitting $52.03. The stock had a trading volume of 3,508,698 shares, compared to its average volume of 1,729,128. The business has a 50 day moving average price of $58.85 and a two-hundred day moving average price of $57.99. Fox Corporation has a 1 year low of $43.18 and a 1 year high of $68.18. 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 firm has a market cap of $22.13 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 7.26 and a beta of 0.59.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.31. FOX had a net margin of 11.41% and a return on equity of 18.14%. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.06 billion. On average, equities analysts anticipate that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

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

Institutional Trading of FOX

A number of hedge funds have recently modified their holdings of FOX. Root Financial Partners LLC purchased a new position in FOX during the 3rd quarter valued at about $26,000. Quent Capital LLC bought a new position in shares of FOX during the third quarter valued at approximately $32,000. Brown Brothers Harriman & Co. lifted its holdings in shares of FOX by 336.9% during the third quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock valued at $35,000 after purchasing an additional 475 shares during the last quarter. First Horizon Corp bought a new stake in shares of FOX in the 3rd quarter worth approximately $74,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX in the 3rd quarter worth approximately $74,000. Institutional investors own 26.41% of the company’s stock.

More FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Major international crisis and strike coverage drives realtime audience demand — Fox is running extensive live coverage of U.S.-Iran/Israel developments and related strikes, a type of breaking-news cycle that typically lifts linear and digital viewership and short-term ad revenues. Live updates: US-Iran-Israel war
• Positive Sentiment: Domestic violent incidents and terror-related stories (synagogue shooting, other attacks) are generating heavy local and national coverage — again likely to boost audience engagement across Fox’s news platforms. Recent terror attacks rattle American communities
• Positive Sentiment: Sports and event programming continue to supply appointment viewing (WWE features, Kyler Murray signing, WBC coverage) — stable non-news content that supports diversified ad inventory and subscriber interest. Kyler Murray signs with Vikings
• Neutral Sentiment: High-profile event coverage (NASA’s Artemis II crewed launch target) can produce one-time spikes in audience but is episodic rather than recurring revenue. NASA targets April 1 launch for Artemis II
• Neutral Sentiment: Industry media miscues and rival coverage (e.g., deleted posts, reporting errors at other outlets) create short-term headlines in media circles but are unlikely to materially change Fox’s fundamentals. CNN reporter deletes post
• Neutral Sentiment: Human-interest and cultural pieces (e.g., WWE profile, athlete support stories) support audience breadth but are not major earnings drivers. WWE Bayley opens up
• Negative Sentiment: Political and government disruption — DHS closure/airport chaos and unpaid TSA officer stories — can suppress ad demand tied to travel-related categories and increase advertiser caution during uncertain periods. Airport security strain during shutdown grows
• Negative Sentiment: Ongoing geopolitical risk can depress broader market sentiment and make advertisers more cautious with upfront commitments — a headwind for ad-driven media stocks if sustained. Iran targets oil tankers, fuel storage facilities
• Negative Sentiment: Technical and valuation pressures: FOX is trading below its 50- and 200-day moving averages and volume is elevated vs. average — signals that can amplify short-term downside even if ratings rise. (Company fundamentals: market cap, P/E and recent earnings beat remain supportive.)

Analyst Ratings Changes

FOX has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target on shares of FOX in a research note on Monday, December 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a report on Monday, December 29th. Bank of America restated an “underperform” rating and issued a $45.00 price objective (down from $80.00) on shares of FOX in a report on Wednesday, February 25th. Finally, Zacks Research downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, FOX presently has a consensus rating of “Hold” and an average price target of $75.00.

About FOX

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.