Key Points
- COO John Nallen sold 216,806 shares on March 12 (and 242,309 shares on March 11), totaling about $26.5M in sales and cutting his stake by 37.44% to 362,206 shares, according to SEC filings.
- Insider activity is mixed: Lachlan Murdoch sold roughly 1.13M shares across Mar 11–13 (~$65M) but also bought 175,372 shares on Mar 13, a dynamic that has likely weighed on sentiment and trading volume.
- Fox reported a quarterly beat with $0.82 EPS vs. $0.47 expected and $5.18B revenue vs. $5.02B expected, and announced a $0.28 dividend payable March 25.
Fox Corporation (NASDAQ:FOXA - Get Free Report) COO John Nallen sold 216,806 shares of the firm's stock in a transaction on 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 transaction, the chief operating officer directly owned 362,206 shares in the company, valued at $20,892,042.08. The trade was a 37.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
John Nallen also recently made the following trade(s):
- On Wednesday, March 11th, John Nallen sold 242,309 shares of FOX stock. The shares were sold at an average price of $57.74, for a total transaction of $13,990,921.66.
FOX Stock Performance
Shares of FOXA stock opened at $57.39 on Friday. The stock's 50-day moving average price is $64.95 and its 200 day moving average price is $64.43. 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 market capitalization of $24.41 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 7.54 and a beta of 0.55. Fox Corporation has a 52-week low of $46.42 and a 52-week high of $76.39.
FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.35. FOX had a return on equity of 18.14% and a net margin of 11.41%.The company had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.02 billion. During the same period last year, the firm earned $0.96 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities research analysts forecast that Fox Corporation will post 4.38 EPS for the current year.
FOX Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a $0.28 dividend. This represents a yield of 83.0%. The ex-dividend date is Wednesday, March 4th. FOX's dividend payout ratio (DPR) is 13.46%.
Institutional Trading of FOX
Several large investors have recently modified their holdings of FOXA. FWL Investment Management LLC acquired a new position in shares of FOX during the 3rd quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new stake in shares of FOX in the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of FOX during the second quarter valued at $35,000. Rosenberg Matthew Hamilton increased its position in FOX by 58.5% during the 4th quarter. Rosenberg Matthew Hamilton now owns 696 shares of the company's stock worth $51,000 after purchasing an additional 257 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in FOX during the 3rd quarter worth about $51,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently commented on FOXA. Argus upgraded shares of FOX to a "hold" rating in a research report on Thursday, February 19th. Barclays reduced their price target on FOX from $64.00 to $63.00 and set an "equal weight" rating for the company in a report on Thursday, February 5th. Evercore increased their price objective on FOX from $66.00 to $70.00 and gave the stock an "in-line" rating in a research report on Thursday, February 5th. Citigroup boosted their target price on shares of FOX from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Finally, Morgan Stanley upped their price target on shares of FOX from $74.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 5th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $71.80.
Read Our Latest Report on FOXA
Key FOX News
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 Company Profile
(
Get Free Report)
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.
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