FOX (NASDAQ:FOXA) Cut to Hold at Zacks Research

Zacks Research downgraded shares of FOX (NASDAQ:FOXA) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks.com reports.

FOXA has been the topic of a number of other research reports. Barclays lowered their price objective on FOX from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday. Evercore raised their price target on FOX from $66.00 to $70.00 and gave the stock an “in-line” rating in a research report on Thursday. Bank of America upped their price objective on shares of FOX from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. JPMorgan Chase & Co. raised their target price on shares of FOX from $65.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday. Finally, TD Cowen upped their price target on shares of FOX from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, FOX currently has an average rating of “Moderate Buy” and an average target price of $75.07.

FOX Price Performance

Shares of FOX stock opened at $64.78 on Thursday. The company has a quick ratio of 3.03, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $28.76 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 9.12 and a beta of 0.51. FOX has a twelve month low of $46.42 and a twelve month high of $76.39. The company has a 50-day simple moving average of $71.73 and a two-hundred day simple moving average of $64.33.

FOX (NASDAQ:FOXA) last announced its earnings results on Wednesday, February 4th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.47 by $0.35. FOX had a net margin of 11.41% and a return on equity of 18.14%. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts forecast that FOX will post 4.38 EPS for the current year.

FOX Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be paid a $0.28 dividend. This represents a dividend yield of 83.0%. The ex-dividend date is Wednesday, March 4th. FOX’s dividend payout ratio (DPR) is presently 12.58%.

Insider Buying and Selling

In other news, CFO Steven Tomsic sold 138,397 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $66.54, for a total transaction of $9,208,936.38. Following the completion of the transaction, the chief financial officer directly owned 180,556 shares in the company, valued at approximately $12,014,196.24. This represents a 43.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 29,897 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $69.55, for a total value of $2,079,336.35. Following the sale, the insider directly owned 35,978 shares in the company, valued at approximately $2,502,269.90. This trade represents a 45.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 268,294 shares of company stock worth $17,214,273 in the last three months. 19.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FOX

Several large investors have recently bought and sold shares of the company. Winnow Wealth LLC bought a new position in FOX during the 3rd quarter worth $1,238,000. Bank of New York Mellon Corp grew its position in shares of FOX by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,924,975 shares of the company’s stock valued at $121,389,000 after buying an additional 16,757 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in shares of FOX by 9.3% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 662,247 shares of the company’s stock valued at $41,761,000 after buying an additional 56,234 shares during the period. Janney Montgomery Scott LLC raised its position in shares of FOX by 26.0% during the second quarter. Janney Montgomery Scott LLC now owns 40,075 shares of the company’s stock worth $2,246,000 after acquiring an additional 8,281 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of FOX by 23.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 150,522 shares of the company’s stock worth $9,492,000 after acquiring an additional 28,118 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.

Trending Headlines about FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Q4 deep-dive highlights broad-based growth from news, sports and streaming, reinforcing revenue diversification and subscriber/advertising strength. FOXA Q4 Deep Dive: News, Sports, and Streaming Drive Broad-Based Growth
• Positive Sentiment: Transcript of Fox’s Q2 2026 earnings call shows managementbeat consensus on EPS and revenue, and commentary that supports the quarter’s outperformance — a near-term fundamental positive for the stock. Fox (FOXA) Q2 2026 Earnings Call Transcript
• Positive Sentiment: Morgan Stanley raised its price target to $77 (equal weight), the largest upside among recent broker moves, signaling confidence in Fox’s outlook and valuation upside. Morgan Stanley PT Raise
• Positive Sentiment: Evercore ISI lifted its target to $70 (in-line), another signal that sell-side analysts see modest upside from current levels. Evercore ISI PT Raise
• Neutral Sentiment: JPMorgan raised its price target to $69 but kept a “neutral” rating — a modest positive to target but not a directional endorsement, so impact on price may be limited. JPMorgan PT Adjustment
• Negative Sentiment: Wells Fargo downgraded Fox from “overweight” to “equal weight” and trimmed its target from $80 to $75, signaling reduced conviction on near-term outperformance and likely contributing to selling pressure. Wells Fargo Downgrades Fox (FOXA)

FOX Company Profile

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.