Insider Selling: FOX (NASDAQ:FOX) CEO Sells 247,257 Shares of Stock

Fox Corporation (NASDAQ:FOX) CEO Lachlan Murdoch sold 247,257 shares of FOX stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $57.69, for a total value of $14,264,256.33. Following the sale, the chief executive officer directly owned 175,524 shares in the company, valued at $10,125,979.56. The trade was a 58.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

FOX Price Performance

Shares of FOX traded down $0.45 during mid-day trading on Friday, reaching $52.03. The company had a trading volume of 3,508,698 shares, compared to its average volume of 1,729,128. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.44. The company has a market capitalization of $22.13 billion, a P/E ratio of 12.51, a P/E/G ratio of 7.26 and a beta of 0.59. Fox Corporation has a twelve month low of $43.18 and a twelve month high of $68.18. The company’s 50-day moving average is $58.85 and its 200-day moving average is $57.99.

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

FOX Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued 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 Investors Weigh In On FOX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in FOX by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,442,903 shares of the company’s stock worth $177,024,000 after buying an additional 56,071 shares during the period. Marshall Wace LLP boosted its holdings in shares of FOX by 792.4% in the third quarter. Marshall Wace LLP now owns 3,184,642 shares of the company’s stock valued at $182,448,000 after buying an additional 2,827,768 shares during the period. Andra AP fonden increased its position in shares of FOX by 2.7% during the third quarter. Andra AP fonden now owns 1,110,900 shares of the company’s stock worth $63,643,000 after acquiring an additional 29,200 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of FOX by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 666,815 shares of the company’s stock worth $43,296,000 after acquiring an additional 10,165 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings 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 worth $32,258,000 after acquiring an additional 2,212 shares during the period. Institutional investors own 26.41% of the company’s stock.

Trending Headlines about 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.)

Analyst Upgrades and Downgrades

FOX has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a research report on Monday, December 29th. 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. Wells Fargo & Company lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Zacks Research cut FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Guggenheim reaffirmed a “buy” rating and set a $85.00 price target on shares of FOX in a research note on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $75.00.

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.