FOX (NASDAQ:FOX) CEO Lachlan Murdoch Sells 247,257 Shares

Fox Corporation (NASDAQ:FOX) CEO Lachlan Murdoch sold 247,257 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $57.69, for a total transaction of $14,264,256.33. Following the completion of the transaction, the chief executive officer directly owned 175,524 shares of the company’s stock, valued at approximately $10,125,979.56. This trade represents a 58.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

FOX Stock Performance

FOX opened at $52.03 on Friday. The stock’s 50 day simple moving average is $58.85 and its 200 day simple moving average is $57.99. The stock has a market cap of $22.13 billion, a P/E ratio of 12.51, a P/E/G ratio of 7.26 and a beta of 0.59. Fox Corporation has a 1-year low of $43.18 and a 1-year high of $68.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.44.

FOX (NASDAQ:FOX) last posted its earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.31. The company had revenue of $5.18 billion for 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%. As a group, equities analysts anticipate that Fox Corporation will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. FOX’s dividend payout ratio is 13.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Guggenheim reissued a “buy” rating and set a $85.00 price target on shares of FOX in a research report on Monday, December 22nd. Zacks Research lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Bank of America reaffirmed 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. Wells Fargo & Company downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $75.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FOX. AQR Capital Management LLC boosted its holdings in shares of FOX by 65.6% in the 1st quarter. AQR Capital Management LLC now owns 26,715 shares of the company’s stock valued at $1,408,000 after purchasing an additional 10,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in FOX by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the company’s stock valued at $656,000 after buying an additional 586 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in FOX during the 1st quarter worth $224,000. Woodline Partners LP increased its holdings in FOX by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,145 shares of the company’s stock valued at $587,000 after purchasing an additional 3,222 shares in the last quarter. Finally, Jane Street Group LLC raised its position in FOX by 427.0% in the first quarter. Jane Street Group LLC now owns 97,261 shares of the company’s stock valued at $5,127,000 after purchasing an additional 78,804 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

More FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Major international crisis and strike coverage drives realtime audience demand — Fox is running extensive live coverage of U.S.-Iran/Israel developments and related strikes, a type of breaking-news cycle that typically lifts linear and digital viewership and short-term ad revenues. Live updates: US-Iran-Israel war
• Positive Sentiment: Domestic violent incidents and terror-related stories (synagogue shooting, other attacks) are generating heavy local and national coverage — again likely to boost audience engagement across Fox’s news platforms. Recent terror attacks rattle American communities
• Positive Sentiment: Sports and event programming continue to supply appointment viewing (WWE features, Kyler Murray signing, WBC coverage) — stable non-news content that supports diversified ad inventory and subscriber interest. Kyler Murray signs with Vikings
• Neutral Sentiment: High-profile event coverage (NASA’s Artemis II crewed launch target) can produce one-time spikes in audience but is episodic rather than recurring revenue. NASA targets April 1 launch for Artemis II
• Neutral Sentiment: Industry media miscues and rival coverage (e.g., deleted posts, reporting errors at other outlets) create short-term headlines in media circles but are unlikely to materially change Fox’s fundamentals. CNN reporter deletes post
• Neutral Sentiment: Human-interest and cultural pieces (e.g., WWE profile, athlete support stories) support audience breadth but are not major earnings drivers. WWE Bayley opens up
• Negative Sentiment: Political and government disruption — DHS closure/airport chaos and unpaid TSA officer stories — can suppress ad demand tied to travel-related categories and increase advertiser caution during uncertain periods. Airport security strain during shutdown grows
• Negative Sentiment: Ongoing geopolitical risk can depress broader market sentiment and make advertisers more cautious with upfront commitments — a headwind for ad-driven media stocks if sustained. Iran targets oil tankers, fuel storage facilities
• Negative Sentiment: Technical and valuation pressures: FOX is trading below its 50- and 200-day moving averages and volume is elevated vs. average — signals that can amplify short-term downside even if ratings rise. (Company fundamentals: market cap, P/E and recent earnings beat remain supportive.)

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.