Fox Corporation (NASDAQ:FOX – Get Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $57.89 and traded as low as $56.95. FOX shares last traded at $57.90, with a volume of 1,142,423 shares traded.
Key FOX News
Here are the key news stories impacting FOX this week:
- Positive Sentiment: High-profile political coverage and controversy (DOJ probe into Rep. Swalwell) can boost viewership and ad revenue as audiences tune in for updates. DOJ investigating sexual assault allegations against Swalwell
- Positive Sentiment: Major foreign-policy headlines (Israel‑Lebanon ceasefire, possible US‑Iran talks) drive national interest and live-news consumption, supporting linear and digital ratings. Lebanon-Israel ceasefire goes into effect as US, Iran talks could restart in days
- Positive Sentiment: High-engagement domestic stories (missing American woman in the Bahamas; search developments) are likely to attract sustained audience attention. Daughter of missing American woman touches down in Bahamas, slams stepdad after he fled amid investigation
- Positive Sentiment: Light / viral stories (arrested singer, bear-costume vandalism) can boost short-term digital traffic and social sharing. Person in bear costume caught on video attacking luxury cars in alleged insurance scam
- Neutral Sentiment: Policy coverage (Trump administration visa restriction expansion) is newsworthy and may sustain political-adjacent viewership but has less direct revenue implication. Trump admin announces expansion of visa restriction policy in Western Hemisphere
- Neutral Sentiment: Ongoing live-news updates (Trump/Israel/Lebanon developments) keep the network in viewers’ rotation; impact depends on duration and ad pricing. Trump says Israel, Lebanon agree to 10-day ceasefire as US enforces blockade of Iranian ports
- Negative Sentiment: Technical risk: AmericanBankingNews flagged that FOX recently passed below its 200‑day moving average, which traders treat as a bearish momentum signal and could pressure the stock if volume confirms the move. FOX (NASDAQ:FOX) Share Price Passes Below 200-Day Moving Average – What’s Next?
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Bank of America restated an “underperform” rating and issued a $45.00 price objective (down from $80.00) on shares of FOX in a research report on Wednesday, February 25th. Guggenheim restated a “buy” rating and set a $85.00 price target on shares of FOX in a research report on Monday, December 22nd. Wells Fargo & Company lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a research report on Monday, December 29th. Finally, Zacks Research lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $75.00.
FOX Stock Up 1.1%
The stock has a market capitalization of $24.90 billion, a PE ratio of 14.07, a P/E/G ratio of 7.09 and a beta of 0.54. The stock’s 50-day moving average price is $53.31 and its two-hundred day moving average price is $57.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.44 and a current ratio of 2.78.
FOX (NASDAQ:FOX – Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, beating 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 net margin of 11.41% and a return on equity of 18.14%. As a group, analysts expect that Fox Corporation will post 4.25 EPS for the current fiscal year.
FOX Announces Dividend
The firm also recently announced a dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 4th. FOX’s dividend payout ratio (DPR) is currently 13.46%.
Insider Buying and Selling at FOX
In other news, CEO Lachlan K. Murdoch sold 637,752 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.20, for a total value of $37,117,166.40. Following the transaction, the chief executive officer directly owned 152 shares in the company, valued at $8,846.40. This trade represents a 99.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO John Nallen sold 216,806 shares of the company’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 sale, the chief operating officer owned 362,206 shares of the company’s stock, valued at approximately $20,892,042.08. This trade represents a 37.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,586,871 shares of company stock worth $91,893,926 over the last ninety days. 23.06% of the stock is currently owned by insiders.
Hedge Funds Weigh In On FOX
A number of hedge funds have recently modified their holdings of FOX. Root Financial Partners LLC purchased a new stake in shares of FOX during the third quarter worth about $26,000. Quent Capital LLC purchased a new position in FOX during the third quarter valued at $32,000. Brown Brothers Harriman & Co. lifted its stake in FOX by 336.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock worth $35,000 after purchasing an additional 475 shares in the last quarter. First Horizon Corp bought a new stake in shares of FOX in the third quarter worth about $74,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX in the third quarter worth about $74,000. 26.41% of the stock is currently owned by institutional investors.
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.
Further Reading
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