FOX (NASDAQ:FOX) Sets New 1-Year High – What’s Next?

Shares of Fox Corporation (NASDAQ:FOX) hit a new 52-week high during trading on Monday . The stock traded as high as $65.69 and last traded at $65.46, with a volume of 69025 shares changing hands. The stock had previously closed at $65.42.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Major international/political event — Trump meets Zelenskyy; coverage could drive heavy national and international traffic to Fox platforms, boosting ad impressions and affiliate value. Trump meets Zelenskyy; talks could unlock first Zelenskyy-Putin call in five years: source
• Positive Sentiment: High-engagement political debate — GOP intraparty reaction to the Trump–Zelenskyy meetings (Marjorie Taylor Greene critique) will likely increase political talk-show viewership. Marjorie Taylor Greene criticizes Trump’s meetings with Zelenskyy, Netanyahu: ‘Can we just do America?’
• Positive Sentiment: Breaking national-security/immigration story — White House suspends visa lottery after shooter entry; this kind of continuing investigative/political coverage tends to sustain viewers across dayparts. White House suspends visa lottery that allowed Brown University shooter into US
• Positive Sentiment: Severe winter storm alerts for Midwest/Northeast — large-scale weather events drive local-news tune-in and streaming traffic for extended periods. New winter storm heads for Midwest, Northeast with 40 million people on alert – ABC News
• Neutral Sentiment: Breaking local/sports headlines — midair helicopter collision (NJ) and college/NFL coverage (Quinn Ewers win) provide short-term spikes on local and sports networks but are unlikely to change company fundamentals. One dead, 1 critical after midair helicopter collision near New Jersey airport Quinn Ewers Earns First Career Win, Credits Defense in Victory Over Buccaneers
• Neutral Sentiment: Ongoing political/consumer stories (Ilhan Omar, Minnesota fraud coverage, crime-rate survey) will sustain news-cycle attention but are diffuse in impact on advertiser demand. Ilhan Omar’s Somaliland stance slammed as Minnesota fraud scandal deepens

Analysts Set New Price Targets

A number of brokerages have issued reports on FOX. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective on shares of FOX in a research report on Monday, December 22nd. Cfra reaffirmed a “buy” rating and issued a $73.00 target price on shares of FOX in a report on Monday, November 3rd. UBS Group reaffirmed a “buy” rating on shares of FOX in a research report on Friday, October 31st. Fox Advisors set a $97.00 price objective on FOX in a research report on Tuesday, October 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of FOX in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $82.50.

FOX Trading Up 0.3%

The company has a debt-to-equity ratio of 0.54, a current ratio of 3.24 and a quick ratio of 3.03. The firm has a fifty day simple moving average of $59.39 and a two-hundred day simple moving average of $54.99. The firm has a market capitalization of $29.12 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.45 and a beta of 0.56.

FOX (NASDAQ:FOX) last issued 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. FOX had a return on equity of 18.61% and a net margin of 12.35%.The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.57 billion. On average, equities research analysts anticipate that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 138,397 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $66.54, for a total value of $9,208,936.38. Following the completion of the transaction, the chief financial officer owned 180,556 shares in the company, valued at $12,014,196.24. This trade represents a 43.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 168,756 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $65.97, for a total transaction of $11,132,833.32. The SEC filing for this sale provides additional information. Insiders have sold a total of 454,817 shares of company stock valued at $29,490,590 over the last 90 days. 23.06% of the stock is currently owned by corporate insiders.

Institutional Trading of FOX

A number of large investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new position in shares of FOX in the third quarter worth approximately $26,000. Quent Capital LLC purchased a new position in FOX in the 3rd quarter worth approximately $32,000. Brown Brothers Harriman & Co. increased its holdings in shares of FOX by 336.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock worth $35,000 after buying an additional 475 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of FOX by 183.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company’s stock worth $42,000 after acquiring an additional 518 shares during the last quarter. Finally, First Horizon Corp purchased a new position in FOX in the third quarter worth $74,000. Institutional investors own 26.41% of the company’s stock.

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.