Fox Corporation (NASDAQ:FOX) Short Interest Up 20.2% in March

Fox Corporation (NASDAQ:FOX) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 11,150,065 shares, an increase of 20.2% from the February 26th total of 9,280,067 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average trading volume of 1,825,566 shares, the short-interest ratio is presently 6.1 days.

Insider Transactions at FOX

In related news, COO John Nallen sold 242,309 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $57.74, for a total transaction of $13,990,921.66. Following the completion of the sale, the chief operating officer owned 357,653 shares in the company, valued at approximately $20,650,884.22. This trade represents a 40.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lachlan K. Murdoch sold 637,752 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was 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 in the company, valued at approximately $8,846.40. This represents a 99.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,586,871 shares of company stock valued at $91,893,926. Corporate insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On FOX

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of FOX during the 3rd quarter worth about $26,000. Quent Capital LLC purchased a new stake in FOX in the 3rd quarter worth about $32,000. Brown Brothers Harriman & Co. lifted its stake in FOX by 336.9% in the third quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock worth $35,000 after purchasing an additional 475 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX in the third quarter worth about $74,000. Finally, First Horizon Corp purchased a new position in shares of FOX during the third quarter valued at approximately $74,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox is reportedly in advanced talks to integrate Kalshi’s prediction-market tools with Fox News and Fox Weather — a partnership that could create new engagement features and monetization opportunities for digital/streaming audiences. Fox Corporation (FOXA) in Advance Talks With Kalshi
• Positive Sentiment: Fox Weather’s live coverage (Artemis II updates) and broader event-driven programming can boost short-term viewership and ad load for Fox’s cable and digital platforms. Live updates: Artemis II countdown begins as 80% ‘Go’ weather forecast holds for Florida – FOX Weather
• Positive Sentiment: Extensive Fox News coverage of geopolitical events (US-Iran strikes, live updates) tends to drive incremental ratings and ad revenue during breaking-news cycles, supporting near-term cash flow. US attacks Isfahan in Iran as gas price average tops $4 dollars
• Neutral Sentiment: High-volume political programming and interviews (e.g., Jamie Dimon on FOX & Friends) reinforce the network’s position as a go-to for influential guests, supporting audience stickiness but offering limited immediate revenue upside. JPMorgan CEO Jamie Dimon sits down with ‘FOX & Friends’ on the economy, exodus from blue states – Fox News
• Negative Sentiment: A Reuters story highlights industry concerns that Big Tech acquiring major sports broadcast rights could weaken local TV economics — a structural threat to retransmission fees and local-ad revenue that would materially hit Fox’s linear-TV cash flow if the trend accelerates. Big Tech sports broadcast rights could imperil US local TV news, stations say

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America reissued an “underperform” rating and set a $45.00 price target (down from $80.00) on shares of FOX in a research note on Wednesday, February 25th. Zacks Research cut FOX from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Wells Fargo & Company lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of FOX in a research report on Monday, December 29th. Finally, Guggenheim reaffirmed a “buy” rating and set a $85.00 price target on shares of FOX in a research note on Monday, December 22nd. 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 stock. According to MarketBeat, FOX currently has an average rating of “Hold” and an average price target of $75.00.

FOX Trading Down 1.3%

NASDAQ FOX traded down $0.68 during trading hours on Tuesday, hitting $53.10. 7,924,480 shares of the company were exchanged, compared to its average volume of 1,868,502. FOX has a 52 week low of $43.18 and a 52 week high of $68.18. The company has a quick ratio of 2.44, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $55.75 and a 200 day moving average price of $57.89. The stock has a market cap of $22.59 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 6.54 and a beta of 0.59.

FOX (NASDAQ:FOX) last posted 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 business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.06 billion. FOX had a return on equity of 18.14% and a net margin of 11.41%. Analysts forecast that FOX will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 4th. FOX’s payout ratio is presently 13.46%.

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.