Andra AP fonden Acquires 29,200 Shares of Fox Corporation $FOX

Andra AP fonden increased its holdings in shares of Fox Corporation (NASDAQ:FOX) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,110,900 shares of the company’s stock after purchasing an additional 29,200 shares during the quarter. FOX accounts for 0.8% of Andra AP fonden’s portfolio, making the stock its 15th biggest holding. Andra AP fonden owned about 0.25% of FOX worth $63,643,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of FOX in the 3rd quarter worth approximately $26,000. Quent Capital LLC purchased a new position in FOX during the 3rd quarter valued at approximately $32,000. First Horizon Corp bought a new position in FOX during the third quarter valued at $74,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX during the third quarter worth approximately $74,000. Finally, Geneos Wealth Management Inc. lifted its position in FOX by 95.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock worth $76,000 after buying an additional 703 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Short interest plunged ~45% between Jan. 29 and Feb. 13 (from ~20.9M to ~11.45M shares), leaving only ~3.5% of float shorted and a short-interest ratio near 5.5 days — a meaningful decline that reduces downward pressure and increases the chance of short-covering rallies.
• Positive Sentiment: Recent quarterly results showed an earnings and revenue beat (EPS and revenue outperformance reported in early February), supporting the stock’s valuation and investor confidence.
• Neutral Sentiment: High-profile programming and breaking coverage can lift viewership and ad revenue over time — recent Fox News content includes a Zelenskyy interview that may draw audiences. Zelenskyy speaks with Fox News
• Neutral Sentiment: Ongoing heavy coverage of major domestic stories (e.g., the Nancy Guthrie disappearance) can drive incremental traffic; prosecutors visiting the scene and a rising tip count were highlighted in live coverage. Nancy Guthrie disappearance coverage
• Negative Sentiment: Bank of America kept an “underperform” rating and cut its price target to $45 from $80, a negative analyst action that could cap upside and weigh on sentiment. Benzinga: BofA rating/price target note

FOX Trading Up 4.9%

FOX opened at $52.03 on Friday. The business’s 50 day moving average price is $61.50 and its 200 day moving average price is $58.02. Fox Corporation has a one year low of $43.18 and a one 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 stock has a market capitalization of $22.13 billion, a PE ratio of 12.51, a P/E/G ratio of 6.86 and a beta of 0.56.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.06 billion. As a group, equities research analysts expect that Fox Corporation will post 4.25 EPS for the current year.

FOX Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently weighed in on FOX. Guggenheim reiterated a “buy” rating and issued a $85.00 price target on shares of FOX in a report on Monday, December 22nd. UBS Group reaffirmed a “buy” rating on shares of FOX in a research report on Friday, October 31st. Wells Fargo & Company lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FOX in a report on Monday, December 29th. Finally, Bank of America reaffirmed an “underperform” rating and set a $45.00 target price (down from $80.00) on shares of FOX in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.00.

Insider Activity

In related news, insider Adam G. Ciongoli sold 29,897 shares of FOX stock in a transaction 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 directly owned 35,978 shares in the company, valued at approximately $2,502,269.90. This trade represents a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.06% of the company’s stock.

FOX 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.