FOX (NASDAQ:FOX) Rating Lowered to “Hold” at Zacks Research

FOX (NASDAQ:FOX) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

FOX has been the subject of several other reports. Cfra reissued a “buy” rating and issued a $73.00 price target on shares of FOX in a research report on Monday, November 3rd. Guggenheim reiterated a “buy” rating and issued a $85.00 target price on shares of FOX in a report on Monday, December 22nd. Fox Advisors set a $97.00 price target on shares of FOX in a report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating on shares of FOX in a research report on Friday, October 31st. Finally, Wells Fargo & Company cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.50.

FOX Price Performance

Shares of FOX opened at $58.35 on Thursday. The company has a 50 day moving average price of $64.08 and a 200-day moving average price of $57.86. FOX has a fifty-two week low of $43.18 and a fifty-two week high of $68.18. The stock has a market capitalization of $25.90 billion, a PE ratio of 14.03, a PEG ratio of 8.31 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.03 and a current ratio of 2.78.

FOX (NASDAQ:FOX) last issued its quarterly earnings data 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 company had revenue of $5.18 billion for 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%. Equities analysts predict that FOX will post 4.25 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $59.26, for a total value of $5,926,000.00. Following the transaction, the chairman directly owned 1,100,862 shares of the company’s stock, valued at $65,237,082.12. This represents a 8.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 29,897 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.55, for a total value of $2,079,336.35. Following the completion of the transaction, the insider owned 35,978 shares of the company’s stock, valued at $2,502,269.90. This trade represents a 45.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 268,294 shares of company stock valued at $17,214,273 over the last ninety days. 23.06% of the stock is currently owned by insiders.

Institutional Trading of FOX

Several hedge funds and other institutional investors have recently bought and sold shares of FOX. Marshall Wace LLP grew its stake in shares of FOX by 792.4% during the 3rd quarter. Marshall Wace LLP now owns 3,184,642 shares of the company’s stock worth $182,448,000 after purchasing an additional 2,827,768 shares during the period. SG Americas Securities LLC boosted its holdings in FOX by 2,459.6% during the fourth quarter. SG Americas Securities LLC now owns 413,037 shares of the company’s stock worth $26,818,000 after buying an additional 396,900 shares in the last quarter. Gabelli Funds LLC grew its position in FOX by 26.4% during the third quarter. Gabelli Funds LLC now owns 538,400 shares of the company’s stock valued at $30,845,000 after buying an additional 112,600 shares during the period. Andra AP fonden grew its position in FOX by 8.0% during the second quarter. Andra AP fonden now owns 1,081,700 shares of the company’s stock valued at $55,848,000 after buying an additional 80,400 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of FOX by 427.0% during the 1st quarter. Jane Street Group LLC now owns 97,261 shares of the company’s stock worth $5,127,000 after acquiring an additional 78,804 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Company declared a cash dividend of $0.28 per share (record Mar 4, pay Mar 25), which supports income-focused investors and signals management’s willingness to return capital to shareholders.
• Positive Sentiment: Coverage roundup suggests Wall Street remains moderately optimistic overall about FOX’s prospects given recent outperformance vs. the market; that helps limit downside from episodic negative headlines. Is Wall Street Bullish or Bearish on Fox Corporation Stock?
• Neutral Sentiment: Morgan Stanley maintained a Hold on FOX but raised its price target to $77, citing solid fundamentals and streaming momentum that offset structural linear-TV headwinds — a mixed analyst view that implies limited near-term upside but recognition of long-term cash generation. Fox Corporation: Solid Fundamentals and Streaming Momentum…
• Neutral Sentiment: High volume of Fox News editorial and breaking-news coverage (crime, politics, international events, sports) can sustain audience engagement and ad inventory value, but content flow is a steady-state operational factor rather than a one-off catalyst. Example coverage: Nancy Guthrie disappearance live updates. Nancy Guthrie disappearance: Live updates
• Neutral Sentiment: Note: A TipRanks entry about FOXO Technologies converting related-party debt into preferred equity refers to a different ticker (FOXO) and is not related to Fox Corporation (FOX). FOXO Technologies Converts Related-Party Debt Into Preferred Equity
• Negative Sentiment: Wells Fargo downgraded FOX from “strong-buy” to “hold,” which likely triggered some selling and contributed to weaker intraday sentiment. Wells Fargo downgrades FOX (TickerReport)
• Negative Sentiment: Structural headwinds in linear TV remain a recurring risk (rating agencies and analysts cite this), and the stock is trading below its 50‑day moving average — a technical signal that can amplify short-term downside if sentiment deteriorates.

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.