Fox Corporation $FOXA Shares Sold by CSM Advisors LLC

CSM Advisors LLC cut its position in shares of Fox Corporation (NASDAQ:FOXA) by 17.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,955 shares of the company’s stock after selling 78,180 shares during the quarter. CSM Advisors LLC’s holdings in FOX were worth $24,086,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new stake in FOX during the second quarter valued at $35,000. Quantbot Technologies LP bought a new position in shares of FOX in the 3rd quarter worth about $51,000. Geneos Wealth Management Inc. boosted its holdings in shares of FOX by 205.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock valued at $52,000 after buying an additional 621 shares during the period. Root Financial Partners LLC acquired a new position in shares of FOX in the 3rd quarter valued at about $60,000. Finally, Brown Brothers Harriman & Co. raised its stake in FOX by 27.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,062 shares of the company’s stock worth $67,000 after acquiring an additional 229 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Transactions at FOX

In related news, CEO Lachlan K. Murdoch sold 637,752 shares of FOX stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $58.20, for a total transaction of $37,117,166.40. Following the sale, the chief executive officer directly owned 152 shares in the company, valued at $8,846.40. The trade was a 99.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Nallen sold 216,806 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $57.68, for a total transaction of $12,505,370.08. Following the completion of the sale, the chief operating officer directly owned 362,206 shares of the company’s stock, valued at $20,892,042.08. The trade was a 37.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,586,871 shares of company stock worth $91,893,926. Company insiders own 19.68% of the company’s stock.

FOX Stock Performance

Shares of NASDAQ FOXA opened at $57.39 on Friday. Fox Corporation has a 12-month low of $46.42 and a 12-month high of $76.39. The company has a market cap of $24.41 billion, a PE ratio of 13.80, a P/E/G ratio of 7.50 and a beta of 0.55. The stock has a 50 day simple moving average of $64.95 and a 200-day simple moving average of $64.47. 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 (NASDAQ:FOXA) last posted its earnings results on Wednesday, February 4th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.47 by $0.35. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.02 billion. FOX had a return on equity of 18.14% and a net margin of 11.41%.The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. On average, equities research analysts forecast that Fox Corporation will post 4.38 EPS for the current year.

FOX Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.28 per share. This represents a dividend yield of 83.0%. The ex-dividend date of this dividend is Wednesday, March 4th. FOX’s dividend payout ratio (DPR) is 13.46%.

Analyst Upgrades and Downgrades

FOXA has been the topic of a number of recent research reports. Evercore raised their target price on shares of FOX from $66.00 to $70.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Barclays lowered their price objective on FOX from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Zacks Research lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Guggenheim boosted their price target on shares of FOX from $75.00 to $85.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $80.00 price target on shares of FOX in a research report on Wednesday, February 4th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $71.80.

Trending Headlines about FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: CEO Lachlan K. Murdoch purchased 175,372 shares on March 13 at an average $60.63, raising his stake to ~1.25M shares — a visible insider buy that can be read as a vote of confidence in the company. Murdoch Form 4 (purchase)
• Positive Sentiment: Recent coverage highlights a shifting investment story around sports rights and advertising potential — this frames a possible medium-term revenue/upside catalyst for FOX’s broadcast and sports assets. How The Fox (FOXA) Investment Story Is Shifting Around Sports Rights And Advertising Potential
• Neutral Sentiment: Brokerage consensus remains a “Hold” on FOX, indicating analysts see limited near-term upgrade pressure despite the company’s recent fundamentals and messaging. Fox Corporation (NASDAQ:FOXA) Given Consensus Rating of “Hold” by Brokerages
• Negative Sentiment: Significant insider selling by leadership: CEO Lachlan Murdoch sold multiple tranches (totaling ~1.13M shares across Mar 11–13 for roughly $65M) and COO John Nallen sold ~459k shares (~$26.5M) across Mar 11–12. Those large disposals — even though partially offset by Murdoch’s purchase — are likely weighing on sentiment and helped drive elevated trading volume. Murdoch Form 4 (sales & purchase) Nallen Form 4 (sales)

FOX 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.