Fox Corporation (NASDAQ:FOX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Fox Corporation (NASDAQ:FOX) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $75.00.

A number of analysts have recently issued reports on the stock. Wells Fargo & Company downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Bank of America reiterated an “underperform” rating and issued a $45.00 price objective (down from $80.00) on shares of FOX in a report on Wednesday, February 25th. Finally, Zacks Research upgraded shares of FOX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th.

FOX News Roundup

Here are the key news stories impacting FOX this week:

• Neutral Sentiment: Fox News continued to push a heavy slate of breaking political and foreign-policy coverage, including Iran, Israel, Cuba, and U.S. election stories, which could support traffic and viewership but does not signal a direct financial catalyst for FOX. Iran war Trump news Strait of Hormuz blockade ceasefire tensions May 20
• Neutral Sentiment: Recent Fox Business-related coverage on Washington targeting Iran’s crypto network highlights FOX’s continued presence in high-interest financial news, which may help engagement but is unlikely to move the stock on its own. Washington Targets Iran’s 7 Billion Crypto Network To Cut Off Financial Channels FOX
• Neutral Sentiment: The company also had a steady stream of opinion, sports, and culture content, including coverage from Fox News personalities and commentary, which supports brand visibility but offers limited immediate stock impact.

Insider Buying and Selling at FOX

In related news, CEO Lachlan K. Murdoch sold 637,752 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.20, for a total value of $37,117,166.40. Following the completion of the transaction, the chief executive officer directly owned 152 shares of the company’s stock, valued at approximately $8,846.40. This trade represents a 99.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Nallen sold 242,309 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $57.74, for a total transaction of $13,990,921.66. Following the completion of the transaction, the chief operating officer directly owned 357,653 shares of the company’s stock, valued at $20,650,884.22. This represents a 40.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,586,871 shares of company stock valued at $91,893,926 over the last three months. 23.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On FOX

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arkadios Wealth Advisors grew its stake in shares of FOX by 30.6% in the first quarter. Arkadios Wealth Advisors now owns 8,438 shares of the company’s stock valued at $448,000 after buying an additional 1,978 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of FOX by 27.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,838 shares of the company’s stock valued at $151,000 after buying an additional 613 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of FOX by 2.3% in the first quarter. Gabelli Funds LLC now owns 579,800 shares of the company’s stock valued at $30,787,000 after buying an additional 13,200 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of FOX by 10.0% in the first quarter. Gamco Investors INC. ET AL now owns 585,183 shares of the company’s stock valued at $31,073,000 after buying an additional 53,166 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of FOX by 112.2% in the first quarter. Bessemer Group Inc. now owns 4,304 shares of the company’s stock valued at $228,000 after buying an additional 2,276 shares in the last quarter. 26.41% of the stock is owned by institutional investors.

FOX Price Performance

NASDAQ FOX opened at $57.38 on Thursday. The company has a quick ratio of 2.65, a current ratio of 2.90 and a debt-to-equity ratio of 0.60. FOX has a 12-month low of $48.42 and a 12-month high of $68.18. The company has a market capitalization of $24.41 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 6.86 and a beta of 0.54. The firm’s 50 day moving average is $55.41 and its 200-day moving average is $58.54.

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

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.