California State Teachers Retirement System Lowers Stock Holdings in Fox Corporation $FOX

California State Teachers Retirement System reduced its stake in Fox Corporation (NASDAQ:FOX) by 5.8% during the first quarter, Holdings Channel.com reports. The fund owned 172,022 shares of the company’s stock after selling 10,667 shares during the quarter. California State Teachers Retirement System’s holdings in FOX were worth $9,134,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FOX. Yousif Capital Management LLC raised its stake in shares of FOX by 1.5% during the fourth quarter. Yousif Capital Management LLC now owns 16,997 shares of the company’s stock valued at $1,107,000 after acquiring an additional 259 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of FOX by 1.1% in the second quarter. Baird Financial Group Inc. now owns 31,707 shares of the company’s stock valued at $1,637,000 after purchasing an additional 343 shares during the period. Brown Brothers Harriman & Co. grew 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in FOX by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the company’s stock worth $656,000 after purchasing an additional 586 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in FOX by 95.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock worth $76,000 after purchasing an additional 703 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

Key FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox News continues to publish a high volume of political, international-security, crime, health, and human-interest coverage, including developments involving Iran, U.S. defense policy, wildfires, and public officials. Sustained breaking-news activity can support audience engagement and advertising visibility. Trump cancels Iran strikes at countries’ request ahead of Monday talks
• Neutral Sentiment: Several opinion and interview segments addressed COVID-19 coverage, RFK Jr.’s criticism of the media, immigration, Iran, and U.S. politics. These topics reinforce Fox News’ core audience positioning but are unlikely to materially change Fox Corporation’s near-term financial outlook. RFK Jr torches CNN anchor Dana Bash for press malpractice
• Neutral Sentiment: Sports and entertainment items—including Caitlin Clark, the Guardians-Diamondbacks incident, Morgan Wallen, and a musician removed from a tour—add breadth to Fox’s digital-media output, but no article indicates a meaningful change to advertising, distribution, or licensing economics. Gavin Williams’ perfect game bid leads to benches-clearing altercation
• Negative Sentiment: Continued highly polarizing political commentary and controversy surrounding COVID-19 coverage could create brand-safety or advertiser-sensitivity concerns. However, the provided reports offer no evidence of advertiser losses, regulatory action, or a direct financial impact on FOX. Our enemies found a weakness in essential technology

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FOX shares. Zacks Research raised FOX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings downgraded FOX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. Citigroup restated a “buy” rating on shares of FOX in a research note on Friday, July 17th. Finally, Rothschild & Co Redburn set a $71.00 price objective on shares of FOX in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FOX currently has an average rating of “Moderate Buy” and a consensus price target of $74.33.

FOX Stock Performance

Shares of NASDAQ:FOX opened at $52.62 on Tuesday. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.48 and a beta of 0.57. Fox Corporation has a 52 week low of $44.08 and a 52 week high of $68.18. The company has a quick ratio of 2.65, a current ratio of 2.90 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $51.95 and a 200 day moving average of $54.95.

FOX (NASDAQ:FOX) last posted its earnings results on Monday, May 11th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.30. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.78 billion. FOX had a return on equity of 18.90% and a net margin of 10.56%. On average, sell-side analysts predict that Fox Corporation will post 4.78 earnings per share for the current fiscal year.

FOX 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.