FOX (NASDAQ:FOX) COO Sells $13,990,921.66 in Stock

Fox Corporation (NASDAQ:FOX) COO John Nallen sold 242,309 shares of FOX stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $57.74, for a total value of $13,990,921.66. Following the sale, the chief operating officer directly owned 357,653 shares in the company, valued at $20,650,884.22. The trade was a 40.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, March 12th, John Nallen sold 216,806 shares of FOX stock. The shares were sold at an average price of $57.68, for a total value of $12,505,370.08.

FOX Stock Performance

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

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.31. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.06 billion. FOX had a net margin of 11.41% and a return on equity of 18.14%. Sell-side analysts expect that Fox Corporation will post 4.25 EPS for the current year.

FOX Announces Dividend

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 $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. FOX’s payout ratio is presently 13.46%.

Key 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.)

Institutional Investors Weigh In On FOX

A number of large investors have recently bought and sold shares of FOX. Marshall Wace LLP increased its holdings in FOX by 792.4% during the 3rd quarter. Marshall Wace LLP now owns 3,184,642 shares of the company’s stock valued at $182,448,000 after purchasing an additional 2,827,768 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of FOX by 2,459.6% during the fourth quarter. SG Americas Securities LLC now owns 413,037 shares of the company’s stock worth $26,818,000 after purchasing an additional 396,900 shares during the last quarter. Pinebridge Investments LLC acquired a new stake in shares of FOX in the fourth quarter valued at $13,758,000. Gabelli Funds LLC increased its stake in shares of FOX by 26.4% in the third quarter. Gabelli Funds LLC now owns 538,400 shares of the company’s stock valued at $30,845,000 after buying an additional 112,600 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of FOX by 427.0% in the first quarter. Jane Street Group LLC now owns 97,261 shares of the company’s stock valued at $5,127,000 after buying an additional 78,804 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on FOX. Bank of America reaffirmed an “underperform” rating and set a $45.00 price objective (down from $80.00) on shares of FOX in a report on Wednesday, February 25th. Guggenheim reissued a “buy” rating and issued a $85.00 target price on shares of FOX in a report on Monday, December 22nd. 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. Finally, Zacks Research cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $75.00.

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.