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

Zacks Research cut shares of FOX (NASDAQ:FOXA) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

FOXA has been the subject of a number of other research reports. Rothschild & Co Redburn set a $71.00 price target on FOX and gave the stock a “buy” rating in a report on Friday, July 10th. JPMorgan Chase & Co. raised their price objective on FOX from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of FOX in a research report on Friday, May 22nd. UBS Group reiterated a “neutral” rating on shares of FOX in a research report on Monday, June 15th. Finally, Wolfe Research raised FOX from a “peer perform” rating to an “outperform” rating and set a $71.00 target price for the company in a research note on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.56.

FOX Stock Performance

Shares of NASDAQ:FOXA opened at $61.77 on Wednesday. FOX has a 1 year low of $48.34 and a 1 year high of $76.39. The stock has a market capitalization of $25.96 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.67 and a beta of 0.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.65. The company’s 50 day simple moving average is $57.48 and its 200 day simple moving average is $60.68.

FOX (NASDAQ:FOXA) last released its earnings results on Thursday, August 6th. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.35. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $3.64 billion. FOX had a return on equity of 18.90% and a net margin of 10.56%.The company’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 earnings per share. As a group, research analysts predict that FOX will post 4.96 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a $0.29 dividend. This represents a dividend yield of 94.0%. The ex-dividend date is Wednesday, September 2nd. FOX’s dividend payout ratio is presently 14.78%.

Institutional Investors Weigh In On FOX

A number of hedge funds and other institutional investors have recently bought and sold shares of FOXA. Handelsbanken Fonder AB grew its holdings in shares of FOX by 85.3% during the fourth quarter. Handelsbanken Fonder AB now owns 88,009 shares of the company’s stock worth $6,431,000 after purchasing an additional 40,515 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of FOX by 9.9% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 287,000 shares of the company’s stock valued at $16,755,000 after buying an additional 25,900 shares during the period. Geode Capital Management LLC increased its stake in shares of FOX by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,534,627 shares of the company’s stock valued at $476,248,000 after buying an additional 29,923 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in FOX in the 4th quarter valued at approximately $67,467,000. Finally, Strs Ohio raised its holdings in FOX by 7.6% in the 4th quarter. Strs Ohio now owns 332,444 shares of the company’s stock valued at $24,292,000 after buying an additional 23,475 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

Key FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox reported quarterly revenue of $4.21 billion, up 28% year over year, while net income reached $696 million and adjusted EBITDA was $1.20 billion. Full-year revenue was $17.13 billion, with net income of $1.73 billion and adjusted EBITDA of $3.91 billion. FOX Reports Fourth Quarter Fiscal 2026 Results
• Positive Sentiment: Adjusted earnings of $1.79 per share exceeded the $1.44 analyst consensus and rose from $1.27 a year earlier. The earnings beat and 28.1% revenue growth strengthened the near-term investment case. Fox Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: World Cup programming drove a 78% increase in advertising revenue, while distribution revenue increased 5%. The event also helped Fox’s Tubi streaming platform attract audiences and advertising demand. Fox Advertising and Tubi Get Boost From World Cup
• Positive Sentiment: Management said Fox will retain its current NFL media-rights agreement through its scheduled expiration, supporting visibility for a key audience and advertising asset. Fox NFL Media Rights Update

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.