Strs Ohio lessened its stake in Fox Corporation (NASDAQ:FOX – Free Report) by 93.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,566 shares of the company’s stock after selling 54,727 shares during the quarter. Strs Ohio’s holdings in FOX were worth $204,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in shares of FOX in the 3rd quarter worth about $26,000. Quent Capital LLC acquired a new position in FOX during the third quarter worth about $32,000. First Horizon Corp purchased a new stake in shares of FOX in the third quarter valued at about $74,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX in the third quarter valued at approximately $74,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of FOX by 95.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock worth $76,000 after purchasing an additional 703 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. UBS Group reiterated a “buy” rating on shares of FOX in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of FOX in a report on Monday, December 29th. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Cfra reissued a “buy” rating and issued a $73.00 price objective on shares of FOX in a research report on Monday, November 3rd. Finally, Fox Advisors set a $97.00 price target on FOX in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $82.50.
Insider Buying and Selling at FOX
In other FOX news, CFO Steven Tomsic sold 138,397 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $66.54, for a total transaction of $9,208,936.38. Following the completion of the sale, the chief financial officer directly owned 180,556 shares in the company, valued at $12,014,196.24. The trade was a 43.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 168,756 shares of FOX stock in a transaction on Friday, November 7th. The shares were sold at an average price of $65.97, for a total transaction of $11,132,833.32. The SEC filing for this sale provides additional information. Insiders have sold a total of 437,050 shares of company stock valued at $28,347,106 over the last ninety days. Corporate insiders own 23.06% of the company’s stock.
FOX News Summary
Here are the key news stories impacting FOX this week:
- Positive Sentiment: Recent operating strength — Fox reported an October quarter beat (EPS and revenue outpaced consensus), showing healthy margins and ROE that underpin valuation metrics and investor confidence. (See company recent results in filings and analyst commentary.)
- Positive Sentiment: High-profile news flow that typically boosts ratings — multiple political and security stories (Trump/ICE developments, Minneapolis federal‑agent body‑camera rollout, Middle East military movements) increase live-news demand, which can translate into higher linear/digital viewership and ad revenue for Fox. Read More.
- Neutral Sentiment: Upcoming earnings as a catalyst — Fox is projected to post quarterly results on Wednesday. Earnings are the primary near-term catalyst; results that beat/raise guidance would likely reverse today’s weakness, while a miss could deepen it. Read More.
- Neutral Sentiment: Contributor health update — commentator Victor Davis Hanson provided a lung‑cancer recovery update. Temporary absence or reduced appearances by contributors can modestly affect specific programs’ lineups but is unlikely to materially change company fundamentals. Read More.
- Neutral Sentiment: Short‑interest report appears erroneous/uninformative — a February short‑interest entry lists 0 shares and NaN changes; the item is likely a data glitch and should not be interpreted as meaningful market pressure.
- Negative Sentiment: Market is pricing in near‑term uncertainty — despite prior beats, the stock has pulled back modestly ahead of earnings, reflecting investor caution around ad markets, political/regulatory news volatility, and the usual headline-driven ratings volatility that can cut both ways.
FOX Stock Down 0.4%
Shares of NASDAQ FOX opened at $65.28 on Tuesday. The stock has a market capitalization of $28.98 billion, a PE ratio of 14.67, a P/E/G ratio of 1.45 and a beta of 0.56. The company has a quick ratio of 3.03, a current ratio of 3.24 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $63.90 and a 200-day moving average of $57.70. Fox Corporation has a 52-week low of $43.18 and a 52-week high of $68.18.
About FOX
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.
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