FOX (NASDAQ:FOX) CEO Sells $14,264,256.33 in Stock

Fox Corporation (NASDAQ:FOX) CEO Lachlan Murdoch sold 247,257 shares of FOX stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $57.69, for a total transaction of $14,264,256.33. Following the transaction, the chief executive officer directly owned 175,524 shares in the company, valued at $10,125,979.56. This trade represents a 58.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

FOX Stock Performance

FOX stock opened at $52.03 on Monday. The firm has a 50 day simple moving average of $58.85 and a 200-day simple moving average of $58.04. The stock has a market cap of $22.13 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 7.20 and a beta of 0.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.44. Fox Corporation has a 1-year low of $43.18 and a 1-year high of $68.18.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.51 by $0.31. FOX had a net margin of 11.41% and a return on equity of 18.14%. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.06 billion. On average, 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. Shareholders of record on Wednesday, March 4th will be given a $0.28 dividend. The ex-dividend date is Wednesday, March 4th. FOX’s payout ratio is currently 13.46%.

Hedge Funds Weigh In On FOX

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in FOX in the 3rd quarter valued at about $26,000. Quent Capital LLC acquired a new stake in shares of FOX during the third quarter worth about $32,000. Brown Brothers Harriman & Co. boosted its stake in shares of FOX by 336.9% in 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 period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX in the third quarter valued at approximately $74,000. Finally, First Horizon Corp acquired a new position in shares of FOX in the third quarter valued at approximately $74,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Key Headlines Impacting FOX

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.)

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.