FOX (NASDAQ:FOX) Given Underperform Rating at Bank of America

Bank of America reiterated their underperform rating on shares of FOX (NASDAQ:FOX) in a research note released on Wednesday morning,Benzinga reports. Bank of America currently has a $45.00 target price on the stock, down from their prior target price of $80.00.

Other research analysts have also issued reports about the stock. Wells Fargo & Company lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. UBS Group reissued a “buy” rating on shares of FOX in a research report on Friday, October 31st. Zacks Research lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a research note on Monday, December 29th. Finally, Cfra reissued a “buy” rating and set a $73.00 target price on shares of FOX in a report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FOX presently has a consensus rating of “Hold” and a consensus target price of $75.00.

FOX Trading Down 3.6%

NASDAQ FOX opened at $49.62 on Wednesday. The company has a market cap of $21.11 billion, a PE ratio of 11.93, a PEG ratio of 7.12 and a beta of 0.56. The company has a current ratio of 2.78, a quick ratio of 2.44 and a debt-to-equity ratio of 0.60. FOX has a 12 month low of $43.18 and a 12 month high of $68.18. The stock has a 50 day moving average of $61.73 and a 200-day moving average of $58.06.

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

FOX Announces Dividend

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

Insider Buying and Selling at FOX

In other news, insider Adam G. Ciongoli sold 29,897 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $69.55, for a total transaction of $2,079,336.35. Following the transaction, the insider owned 35,978 shares in the company, valued at approximately $2,502,269.90. This trade represents a 45.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOX. Geode Capital Management LLC lifted its holdings in shares of FOX by 1.7% during the second quarter. Geode Capital Management LLC now owns 3,442,903 shares of the company’s stock worth $177,024,000 after buying an additional 56,071 shares in the last quarter. Marshall Wace LLP increased its position in FOX by 792.4% during the third quarter. Marshall Wace LLP now owns 3,184,642 shares of the company’s stock worth $182,448,000 after acquiring an additional 2,827,768 shares during the period. Andra AP fonden raised its stake in FOX by 2.7% in the 3rd quarter. Andra AP fonden now owns 1,110,900 shares of the company’s stock worth $63,643,000 after purchasing an additional 29,200 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in FOX by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 666,815 shares of the company’s stock valued at $43,296,000 after purchasing an additional 10,165 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in FOX by 0.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 624,795 shares of the company’s stock valued at $32,258,000 after purchasing an additional 2,212 shares during the period. 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: Sharp decline in short interest — short interest fell ~45% in February to ~11.45M shares (about 3.5% of float), reducing immediate bearish pressure and the risk of a short-driven sell cascade; this can support price stability or a rebound.
• Positive Sentiment: Strategic acquisition — Fox’s Red Seat Ventures acquired Supercast, a subscription/podcast monetization platform, which could accelerate digital audio/subscription revenue growth and improve long‑term monetization. Fox Corporation’s (FOX) Red Seat Ventures Acquires Supercast
• Neutral Sentiment: Heavy event and political coverage (State of the Union, Ukraine, Iran, etc.) — ongoing high-profile news cycles can drive incremental viewership and ad demand but effects are timing-dependent. Trump to address Congress in 2026 State of the Union tonight
• Neutral Sentiment: Weather/Breaking News traffic — extensive Northeast blizzard coverage and FOX Weather live updates may boost short-term audience metrics and ad inventory uptake. Live updates: Millions dig out from deadly blizzard ‘bomb’ as next Northeast snow threat looms – FOX Weather
• Negative Sentiment: Analyst pressure — Bank of America reaffirmed an “underperform” rating and cut its price target to $45 (from $80 previously), a clear near-term headwind for sentiment and a likely contributor to selling pressure. Bank of America reaffirms underperform on FOX; $45 PT
• Negative Sentiment: Bearish technicals — the stock is trading below both its 50‑day (~$61.7) and 200‑day (~$58.1) moving averages, which can amplify downward momentum as technical selling and cautious positioning increase.

FOX Company Profile

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.