FOX (NASDAQ:FOXA) Earns “Equal Weight” Rating from Wells Fargo & Company

FOX (NASDAQ:FOXA)‘s stock had its “equal weight” rating reiterated by research analysts at Wells Fargo & Company in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a $75.00 target price on the stock, down from their prior target price of $80.00. Wells Fargo & Company‘s price target points to a potential upside of 10.73% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Zacks Research raised FOX from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Bank of America upped their price objective on FOX from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, December 19th. The Goldman Sachs Group reissued a “buy” rating and issued a $80.00 target price on shares of FOX in a report on Wednesday. Guggenheim upped their price target on shares of FOX from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Finally, Evercore ISI raised their price objective on shares of FOX from $55.00 to $66.00 and gave the company an “in-line” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.20.

FOX Trading Down 3.6%

NASDAQ FOXA opened at $67.73 on Thursday. FOX has a one year low of $46.42 and a one year high of $76.39. The firm has a market cap of $30.07 billion, a PE ratio of 15.22, a P/E/G ratio of 1.57 and a beta of 0.51. The firm’s fifty day moving average is $71.73 and its two-hundred day moving average is $64.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.03 and a current ratio of 3.24.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.35. FOX had a return on equity of 18.61% and a net margin of 12.35%.The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that FOX will post 4.38 earnings per share for the current year.

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 29,897 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.55, for a total transaction of $2,079,336.35. Following the sale, the insider owned 35,978 shares in the company, valued at approximately $2,502,269.90. This represents a 45.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven Tomsic sold 138,397 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $66.54, for a total value of $9,208,936.38. Following the transaction, the chief financial officer directly owned 180,556 shares of the company’s stock, valued at $12,014,196.24. The trade was a 43.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 437,050 shares of company stock worth $28,347,106 over the last ninety days. 19.68% of the stock is currently owned by insiders.

Institutional Trading of FOX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC purchased a new stake in shares of FOX in the fourth quarter valued at $351,000. Strs Ohio boosted its stake in FOX by 7.6% in the 4th quarter. Strs Ohio now owns 332,444 shares of the company’s stock worth $24,292,000 after buying an additional 23,475 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in FOX in the 4th quarter valued at about $67,467,000. Torren Management LLC acquired a new position in shares of FOX during the 4th quarter valued at about $55,000. Finally, Private Trust Co. NA lifted its holdings in shares of FOX by 35.6% during the 4th quarter. Private Trust Co. NA now owns 712 shares of the company’s stock worth $52,000 after acquiring an additional 187 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

More FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Quarterly revenue and EPS topped expectations — Fox reported $5.18B in revenue and $0.82 EPS, beating consensus revenue and EPS estimates, supported by ad demand. Article Title
• Positive Sentiment: Sports and streaming (Tubi) provided clear growth drivers — World Series viewership, higher sports advertising, and ad-supported streaming contributed to the beat. Article Title
• Positive Sentiment: Company reported solid operating cash metrics — PR release highlighted adjusted EBITDA of $692M and net income of $247M for the quarter, supporting profitability resilience. Article Title
• Positive Sentiment: Dividend declared — Fox announced a $0.28 per-share dividend (record date March 4, pay date March 25), which supports income investors. (Company release/earnings disclosures)
• Neutral Sentiment: Analyst write-ups dig into metric details — Several outlets (Zacks, Seeking Alpha) note the beat but recommend watching key segment trends and ad cycles for the next quarters. Article Title
• Negative Sentiment: EPS declined year-over-year despite the beat — Quarterly EPS of $0.82 is below last year’s $0.96, which may have tempered enthusiasm about earnings quality. Article Title
• Negative Sentiment: Top-line growth is modest — Revenue rose only ~2% year-over-year; investors looking for stronger secular growth may view the quarter as underwhelming despite the beat. Article Title

About FOX

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.