FOX (NASDAQ:FOX) Sets New 1-Year High – Here’s What Happened
by Renee Jackson · The Cerbat GemShares of Fox Corporation (NASDAQ:FOX – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $68.14 and last traded at $67.76, with a volume of 1692257 shares traded. The stock had previously closed at $65.96.
FOX News Roundup
Here are the key news stories impacting FOX this week:
- Positive Sentiment: Extensive breaking coverage of Maduro’s capture and New York arraignment is generating large audience interest and page/video views, which should boost near-term ad and digital monetization. Captured Venezuelan dictator Maduro faces New York federal judge after dramatic palace raid
- Positive Sentiment: In-depth military and exclusive-video reporting (timeline, aircraft involved, live helicopter arrival footage) increases watch time and cross-platform engagement across TV and digital, supporting ad inventory value. US military details timeline of operation to capture Maduro
- Positive Sentiment: Opinion and commentary backing the administration’s actions (high-profile anchors and columns) are likely amplifying repeat viewership among Fox’s core audience, supporting ad upsell and subscription stickiness. Trump’s Maduro takedown resets the global chessboard and reasserts American power
- Positive Sentiment: FOX Sports’ NFL playoff coverage (Rams, Stafford previews) provides additional high-value ad inventory and stabilizes weekend/weeknight viewership outside breaking news cycles. Look ahead to Rams’ playoff matchup after Los Angeles clinch 5th seed in NFC | NFL on FOX
- Neutral Sentiment: State-level political turmoil (Minnesota Gov. Tim Walz drops re-election bid amid fraud allegations) is newsworthy but unlikely to move national ratings materially. Gov. Tim Walz won’t seek re-election amid Minnesota fraud scandal
- Neutral Sentiment: Global reaction pieces (Zelenskyy, allied responses, Iran unrest) expand international reach but have mixed impact on short-term U.S. ad revenue. Zelenskyy reacts to Maduro arrest
- Negative Sentiment: Accusations of illegality and political backlash from opponents could increase scrutiny and create reputational/advertiser risk if major brands react — a potential downside if sustained. House Democrat calls Trump’s Maduro capture ‘welcome news’ as left labels it ‘illegal’
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on FOX. UBS Group reaffirmed a “buy” rating on shares of FOX in a report on Friday, October 31st. Guggenheim reaffirmed a “buy” rating and set a $85.00 price target on shares of FOX in a research note on Monday, December 22nd. Fox Advisors set a $97.00 price target on shares of FOX in a report on Tuesday, October 28th. Cfra reissued a “buy” rating and set a $73.00 price objective on shares of FOX in a report on Monday, November 3rd. Finally, Zacks Research raised shares of FOX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $82.50.
Get Our Latest Research Report on FOX
FOX Stock Up 2.7%
The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.03 and a current ratio of 3.24. The firm’s 50-day moving average is $60.92 and its 200 day moving average is $55.66. The firm has a market capitalization of $30.08 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55.
FOX (NASDAQ:FOX – Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. FOX had a net margin of 12.35% and a return on equity of 18.61%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.57 billion. As a group, research analysts forecast that Fox Corporation will post 4.25 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO Steven Tomsic sold 138,397 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $66.54, for a total value of $9,208,936.38. Following the sale, the chief financial officer owned 180,556 shares of the company’s stock, valued at approximately $12,014,196.24. This represents a 43.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 168,756 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $65.97, for a total value of $11,132,833.32. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 454,817 shares of company stock valued at $29,490,590. 23.06% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in FOX by 15.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,633,430 shares of the company’s stock valued at $86,098,000 after acquiring an additional 215,477 shares during the last quarter. 111 Capital acquired a new stake in shares of FOX during the second quarter worth $706,000. Ascent Group LLC purchased a new stake in shares of FOX in the first quarter valued at $1,587,000. Farther Finance Advisors LLC increased its stake in FOX by 576.4% in the second quarter. Farther Finance Advisors LLC now owns 5,188 shares of the company’s stock valued at $268,000 after purchasing an additional 4,421 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in FOX by 268.6% in the first quarter. Baird Financial Group Inc. now owns 31,364 shares of the company’s stock valued at $1,653,000 after purchasing an additional 22,855 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.
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.