Fox Corporation (NASDAQ:FOX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Fox Corporation (NASDAQ:FOX) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $75.00.

FOX has been the topic of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of FOX in a research note on Friday, May 22nd. Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wells Fargo & Company downgraded FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Bank of America restated 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.

Insider Buying and Selling

In other FOX news, CEO Lachlan K. Murdoch sold 637,752 shares of FOX stock in a transaction that occurred 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 approximately $8,846.40. This trade represents a 99.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John Nallen sold 242,309 shares of FOX 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 transaction, the chief operating officer owned 357,653 shares in the company, valued at $20,650,884.22. This trade represents a 40.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,586,871 shares of company stock worth $91,893,926 in the last 90 days. 23.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new position in shares of FOX in the 3rd quarter valued at approximately $26,000. Brown Brothers Harriman & Co. grew its stake in shares of FOX by 336.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock valued at $35,000 after purchasing an additional 475 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX in the 3rd quarter valued at approximately $74,000. FNY Investment Advisers LLC purchased a new position in shares of FOX in the 4th quarter valued at approximately $83,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of FOX by 95.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock valued at $76,000 after purchasing an additional 703 shares during the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of NASDAQ FOX opened at $58.62 on Thursday. The stock’s 50-day simple moving average is $55.93 and its 200-day simple moving average is $58.52. The firm has a market capitalization of $24.63 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 6.86 and a beta of 0.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.65 and a current ratio of 2.90. FOX has a fifty-two week low of $48.42 and a fifty-two week high of $68.18.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Monday, May 11th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.30. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.78 billion. FOX had a return on equity of 18.90% and a net margin of 10.56%. As a group, equities research analysts forecast that FOX will post 4.76 EPS for the current fiscal year.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox News continued to generate high-interest political coverage, including Iran/Trump talks, White House security, Texas runoff politics, and anti-ICE protests, which can boost traffic and engagement across FOX’s news platforms. Iran’s IRGC forces ‘lying in wait’ if Trump restarts combat; nuclear deal outlook remains hazy
• Positive Sentiment: The Fox Weather brand got broader visibility from coverage of a rare “Blue Moon” event and other skywatching content, highlighting another audience-growth area for the company. A Rare ‘Blue Moon’ Is Coming — What It Really Means
• Positive Sentiment: Sports coverage remained active, including NFL and college football commentary, which supports FOX’s strong sports programming mix and recurring viewer engagement. Super Bowl champion Jerome Bettis has message for Jaxson Dart, Abdul Carter after Trump rally controversy
• Neutral Sentiment: Several stories were commentary-driven or opinion-oriented and are unlikely to materially affect FOX’s fundamentals on their own, though they still support daily content volume and traffic. Kate Middleton reached ‘final straw’ with Prince Harry after comment about King Charles’ cancer: author
• Negative Sentiment: There were no major company-specific setbacks in the headlines provided, but broader market sensitivity to advertising and audience trends means FOX still depends on sustaining this news flow to justify recent strength in the shares.

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.