BI Asset Management Fondsmaeglerselskab A S Buys 28,118 Shares of Fox Corporation $FOXA

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Fox Corporation (NASDAQ:FOXA) by 23.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,522 shares of the company’s stock after buying an additional 28,118 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in FOX were worth $9,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in FOX by 205.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock worth $52,000 after purchasing an additional 621 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of FOX by 26.0% during the second quarter. Janney Montgomery Scott LLC now owns 40,075 shares of the company’s stock valued at $2,246,000 after purchasing an additional 8,281 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of FOX by 12.2% in the second quarter. Venturi Wealth Management LLC now owns 5,716 shares of the company’s stock worth $320,000 after purchasing an additional 620 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of FOX by 0.5% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 559,169 shares of the company’s stock worth $31,336,000 after buying an additional 3,018 shares in the last quarter. Finally, Rossby Financial LCC boosted its stake in FOX by 39.4% during the second quarter. Rossby Financial LCC now owns 12,846 shares of the company’s stock valued at $720,000 after buying an additional 3,630 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Trading Down 2.7%

Shares of FOXA opened at $65.92 on Friday. The company’s fifty day simple moving average is $71.74 and its 200-day simple moving average is $64.20. The company has a market cap of $29.26 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.50 and a beta of 0.51. The company has a current ratio of 2.78, a quick ratio of 3.03 and a debt-to-equity ratio of 0.60. Fox Corporation has a twelve month low of $46.42 and a twelve month high of $76.39.

FOX (NASDAQ:FOXA) last issued its quarterly 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 company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.02 billion. FOX had a net margin of 11.41% and a return on equity of 18.14%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. As a group, analysts expect that Fox Corporation will post 4.38 EPS for the current year.

FOX Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be paid 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 currently 12.58%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. TD Cowen upped their price objective on FOX from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday. Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a research report on Monday, December 29th. Fox Advisors set a $97.00 target price on shares of FOX in a report on Tuesday, October 28th. Finally, Evercore ISI upped their target price on shares of FOX from $66.00 to $70.00 and gave the company an “in-line” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.07.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Q2 results beat expectations: FOX reported fiscal Q2 revenue of $5.18B (up 2% YoY) and EPS $0.82 vs. consensus $0.47, driven by stronger advertising, cable programming and Tubi/streaming momentum. This is the main earnings catalyst supporting the stock. PR Newswire: FOX reports Q2 results
• Positive Sentiment: Morgan Stanley raised its price target to $77 (equal weight), citing upside to the shares and stronger business trends — the largest PT increase among the brokers cited and signals constructive analyst sentiment. The Fly: Morgan Stanley PT raise
• Positive Sentiment: Evercore ISI raised its target to $70 (in-line), another upward revision that reinforces the view that recent ad and distribution strength is durable. The Fly: Evercore PT raise
• Positive Sentiment: JPMorgan raised its price target to $69 (neutral rating), adding another vote of confidence from the sell-side. Benzinga: JPMorgan PT raise
• Positive Sentiment: Dividend declared—FOX announced a $0.28 per-share dividend with an ex-dividend date of March 4, which supports income-focused holders and underscores management’s capital-return posture.
• Neutral Sentiment: Q2 earnings call transcript is available — investors should review management commentary for guidance, ad demand outlook, sports/Tubi trends and margin dynamics. Yahoo Finance: Q2 earnings call transcript
• Neutral Sentiment: Q4 deep-dive coverage highlights broad-based growth across news, sports and streaming (Tubi), helpful context for longer-term revenue diversification but not an immediate catalyst. Yahoo Finance: Q4 deep dive
• Negative Sentiment: Wells Fargo reaffirmed an “equal weight” rating but cut its price target from $80 to $75 — a downward revision that may have capped upside and contributed to intraday selling pressure. The Fly: Wells Fargo PT cut

Insider Activity at FOX

In other news, CFO Steven Tomsic sold 138,397 shares of FOX stock in a transaction on Monday, November 10th. The stock was sold at an average price of $66.54, for a total transaction of $9,208,936.38. Following the completion of the sale, the chief financial officer directly owned 180,556 shares in the company, valued at approximately $12,014,196.24. This trade represents a 43.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 29,897 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 35,978 shares in the company, valued at approximately $2,502,269.90. The trade was a 45.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 268,294 shares of company stock worth $17,214,273 in the last quarter. 19.68% of the stock is owned by company insiders.

FOX Company 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.