FOX (NASDAQ:FOX) COO John Nallen Sells 216,806 Shares

Fox Corporation (NASDAQ:FOX) COO John Nallen sold 216,806 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $57.68, for a total transaction of $12,505,370.08. Following the transaction, the chief operating officer directly owned 362,206 shares of the company’s stock, valued at $20,892,042.08. The trade was a 37.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, March 11th, John Nallen sold 242,309 shares of FOX stock. The shares were sold at an average price of $57.74, for a total transaction of $13,990,921.66.

FOX Price Performance

FOX stock traded down $0.45 during mid-day trading on Friday, hitting $52.03. The company had a trading volume of 3,508,698 shares, compared to its average volume of 1,729,128. The company has a 50-day moving average price of $58.85 and a 200 day moving average price of $57.99. Fox Corporation has a 12-month low of $43.18 and a 12-month high of $68.18. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 7.26 and a beta of 0.59. The company has a quick ratio of 2.44, a current ratio of 2.78 and a debt-to-equity ratio of 0.60.

FOX (NASDAQ:FOX) last issued its earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.31. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.06 billion. FOX had a return on equity of 18.14% and a net margin of 11.41%. On average, research analysts anticipate that Fox Corporation will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. FOX’s payout ratio is presently 13.46%.

Analysts Set New Price Targets

A number of research firms recently weighed in on FOX. Bank of America reissued an “underperform” rating and issued a $45.00 target price (down from $80.00) on shares of FOX in a report on Wednesday, February 25th. Zacks Research downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “buy (b)” rating on shares of FOX in a research note on Monday, December 29th. Wells Fargo & Company cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target on shares of FOX in a report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.00.

Trending Headlines about FOX

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 Trading of FOX

Several hedge funds and other institutional investors have recently bought and sold shares of FOX. Fuller & Thaler Asset Management Inc. lifted its position in FOX by 7.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 27,835 shares of the company’s stock worth $1,807,000 after buying an additional 2,010 shares during the last quarter. Advisory Services Network LLC increased its position in FOX by 964.5% during the fourth quarter. Advisory Services Network LLC now owns 4,471 shares of the company’s stock valued at $290,000 after acquiring an additional 4,051 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of FOX by 4.3% in the fourth quarter. California State Teachers Retirement System now owns 182,689 shares of the company’s stock valued at $11,862,000 after acquiring an additional 7,515 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of FOX in the fourth quarter valued at $419,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of FOX by 2.5% in the 4th quarter. New York State Common Retirement Fund now owns 74,043 shares of the company’s stock worth $4,808,000 after acquiring an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

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.