Insider Selling: FOX (NASDAQ:FOX) CEO Sells 242,747 Shares of Stock

Fox Corporation (NASDAQ:FOX) CEO Lachlan Murdoch sold 242,747 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $57.74, for a total transaction of $14,016,211.78. Following the completion of the transaction, the chief executive officer owned 175,524 shares of the company’s stock, valued at approximately $10,134,755.76. The trade was a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

FOX Price Performance

Shares of FOX stock traded down $0.45 on Friday, hitting $52.03. 3,508,698 shares of the stock traded hands, compared to its average volume of 1,729,128. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.44. Fox Corporation has a 52 week low of $43.18 and a 52 week high of $68.18. The firm has a 50 day simple moving average of $58.85 and a two-hundred day simple moving average of $57.99. The firm has a market cap of $22.13 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 7.26 and a beta of 0.59.

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

FOX Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 4th. FOX’s dividend payout ratio (DPR) is currently 13.46%.

Institutional Trading of FOX

A number of large investors have recently made changes to their positions in FOX. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in FOX by 4.2% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 246,011 shares of the company’s stock worth $12,702,000 after acquiring an additional 10,000 shares in the last quarter. Gabelli Funds LLC raised its stake in FOX by 26.4% in the third quarter. Gabelli Funds LLC now owns 538,400 shares of the company’s stock worth $30,845,000 after buying an additional 112,600 shares in the last quarter. Marshall Wace LLP lifted its holdings in FOX by 140.6% during the second quarter. Marshall Wace LLP now owns 356,874 shares of the company’s stock worth $18,425,000 after buying an additional 208,547 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in FOX by 59.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 172,893 shares of the company’s stock valued at $8,926,000 after acquiring an additional 64,743 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan boosted its position in FOX by 786.4% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 23,720 shares of the company’s stock valued at $1,352,000 after acquiring an additional 21,044 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Key Stories Impacting 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.)

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.