FOX (NASDAQ:FOX) Stock Rating Lowered by Wells Fargo & Company

FOX (NASDAQ:FOX) was downgraded by stock analysts at Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on FOX. UBS Group reissued a “buy” rating on shares of FOX in a research note on Friday, October 31st. Cfra reiterated a “buy” rating and set a $73.00 price target on shares of FOX in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of FOX in a research report on Monday, December 29th. Fox Advisors set a $97.00 price objective on FOX in a research note on Tuesday, October 28th. Finally, Guggenheim reaffirmed a “buy” rating and set a $85.00 target price on shares of FOX in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, FOX currently has an average rating of “Buy” and a consensus target price of $82.50.

FOX Price Performance

FOX stock opened at $58.35 on Thursday. FOX has a one year low of $43.18 and a one year high of $68.18. The firm has a 50-day moving average of $64.08 and a two-hundred day moving average of $57.86. The firm has a market capitalization of $25.90 billion, a PE ratio of 14.03, a P/E/G ratio of 8.31 and a beta of 0.56. The company has a current ratio of 2.78, a quick ratio of 3.03 and a debt-to-equity ratio of 0.60.

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

Insider Activity

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $59.26, for a total value of $5,926,000.00. Following the completion of the sale, the chairman owned 1,100,862 shares of the company’s stock, valued at approximately $65,237,082.12. The trade was a 8.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 29,897 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $69.55, for a total value of $2,079,336.35. Following the completion of the transaction, the insider owned 35,978 shares in the company, valued at $2,502,269.90. This represents a 45.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 268,294 shares of company stock worth $17,214,273 in the last three months. 23.06% of the stock is owned by insiders.

Institutional Investors Weigh In On FOX

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd raised its position in shares of FOX by 139.1% in the fourth quarter. Covestor Ltd now owns 2,955 shares of the company’s stock valued at $192,000 after purchasing an additional 1,719 shares during the period. Gabelli Funds LLC boosted its holdings in shares of FOX by 5.2% during the 4th quarter. Gabelli Funds LLC now owns 566,600 shares of the company’s stock worth $36,789,000 after buying an additional 28,200 shares during the period. Canada Post Corp Registered Pension Plan grew its stake in FOX by 3.3% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 24,510 shares of the company’s stock valued at $1,591,000 after buying an additional 790 shares during the last quarter. Hartford Investment Management Co. raised its holdings in FOX by 13.7% in the 4th quarter. Hartford Investment Management Co. now owns 8,661 shares of the company’s stock worth $562,000 after acquiring an additional 1,045 shares during the period. Finally, NBC Securities Inc. bought a new position in FOX in the 4th quarter worth $225,000. Institutional investors own 26.41% of the company’s stock.

FOX News Roundup

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Company declared a cash dividend of $0.28 per share (record Mar 4, pay Mar 25), which supports income-focused investors and signals management’s willingness to return capital to shareholders.
• Positive Sentiment: Coverage roundup suggests Wall Street remains moderately optimistic overall about FOX’s prospects given recent outperformance vs. the market; that helps limit downside from episodic negative headlines. Is Wall Street Bullish or Bearish on Fox Corporation Stock?
• Neutral Sentiment: Morgan Stanley maintained a Hold on FOX but raised its price target to $77, citing solid fundamentals and streaming momentum that offset structural linear-TV headwinds — a mixed analyst view that implies limited near-term upside but recognition of long-term cash generation. Fox Corporation: Solid Fundamentals and Streaming Momentum…
• Neutral Sentiment: High volume of Fox News editorial and breaking-news coverage (crime, politics, international events, sports) can sustain audience engagement and ad inventory value, but content flow is a steady-state operational factor rather than a one-off catalyst. Example coverage: Nancy Guthrie disappearance live updates. Nancy Guthrie disappearance: Live updates
• Neutral Sentiment: Note: A TipRanks entry about FOXO Technologies converting related-party debt into preferred equity refers to a different ticker (FOXO) and is not related to Fox Corporation (FOX). FOXO Technologies Converts Related-Party Debt Into Preferred Equity
• Negative Sentiment: Wells Fargo downgraded FOX from “strong-buy” to “hold,” which likely triggered some selling and contributed to weaker intraday sentiment. Wells Fargo downgrades FOX (TickerReport)
• Negative Sentiment: Structural headwinds in linear TV remain a recurring risk (rating agencies and analysts cite this), and the stock is trading below its 50‑day moving average — a technical signal that can amplify short-term downside if sentiment deteriorates.

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.