FOX (NASDAQ:FOX) COO Sells $12,505,370.08 in Stock

Fox Corporation (NASDAQ:FOX) COO John Nallen sold 216,806 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $57.68, for a total value of $12,505,370.08. Following the transaction, the chief operating officer owned 362,206 shares in the company, valued at approximately $20,892,042.08. This trade represents a 37.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

John Nallen also recently made the following trade(s):

• On Wednesday, March 11th, John Nallen sold 242,309 shares of FOX stock. The stock was sold at an average price of $57.74, for a total transaction of $13,990,921.66.

FOX Stock Performance

Shares of FOX stock opened at $52.03 on Monday. The firm has a 50-day moving average of $58.85 and a 200-day moving average of $58.04. The company has a market cap of $22.13 billion, a P/E ratio of 12.51, a P/E/G 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 one year low of $43.18 and a one year high of $68.18.

FOX (NASDAQ:FOX) last released 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 company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.06 billion. Equities research analysts forecast that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, March 4th. FOX’s dividend payout ratio (DPR) is currently 13.46%.

Institutional Trading of FOX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of FOX by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,442,903 shares of the company’s stock valued at $177,024,000 after purchasing an additional 56,071 shares during the period. Marshall Wace LLP boosted its stake in FOX by 792.4% in the 3rd quarter. Marshall Wace LLP now owns 3,184,642 shares of the company’s stock worth $182,448,000 after purchasing an additional 2,827,768 shares during the period. Andra AP fonden grew its holdings in FOX by 2.7% during the 3rd quarter. Andra AP fonden now owns 1,110,900 shares of the company’s stock valued at $63,643,000 after buying an additional 29,200 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in FOX by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 666,815 shares of the company’s stock valued at $43,296,000 after buying an additional 10,165 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of FOX by 0.4% during the second quarter. Gamco Investors INC. ET AL now owns 624,795 shares of the company’s stock valued at $32,258,000 after buying an additional 2,212 shares during the period. 26.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

More FOX News

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.)

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.