FOX (NASDAQ:FOX) COO John Nallen Sells 242,309 Shares of Stock

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

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

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

FOX Trading Down 0.9%

Shares of FOX stock opened at $52.03 on Friday. The company has a market cap of $22.13 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 7.26 and a beta of 0.59. Fox Corporation has a 1 year low of $43.18 and a 1 year high of $68.18. The company’s fifty day simple moving average is $58.85 and its 200-day simple moving average is $57.99. 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 issued 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. The firm had revenue of $5.18 billion during 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%. As a group, sell-side analysts expect that Fox Corporation will post 4.25 EPS for the current year.

FOX Dividend Announcement

The company also recently declared 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 is Wednesday, March 4th. FOX’s payout ratio is currently 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 the business. Root Financial Partners LLC bought a new position in FOX in the 3rd quarter valued at $26,000. Quent Capital LLC bought a new stake in shares of FOX during the third quarter worth $32,000. Brown Brothers Harriman & Co. grew its holdings in FOX by 336.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock worth $35,000 after acquiring an additional 475 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX in the 3rd quarter valued at about $74,000. Finally, First Horizon Corp acquired a new stake in shares of FOX in the third quarter valued at approximately $74,000. 26.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FOX shares. Weiss Ratings restated a “buy (b)” rating on shares of FOX in a research report 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 note on Wednesday, February 25th. Zacks Research cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Wells Fargo & Company downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Guggenheim reiterated a “buy” rating and set a $85.00 target price on shares of FOX in a research report on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.