Fox Corporation $FOXA Stock: SteelPeak Wealth LLC Reduces Position

SteelPeak Wealth LLC trimmed its position in shares of Fox Corporation (NASDAQ:FOXA) by 16.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 59,543 shares of the company’s stock after selling 12,040 shares during the quarter. SteelPeak Wealth LLC’s holdings in FOX were worth $3,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FOXA. Counterpoint Mutual Funds LLC purchased a new position in shares of FOX during the 3rd quarter valued at $10,258,000. V Square Quantitative Management LLC increased its holdings in FOX by 11.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,305 shares of the company’s stock worth $458,000 after acquiring an additional 755 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in FOX in the 3rd quarter worth about $1,183,000. Mather Group LLC. purchased a new stake in FOX in the 3rd quarter worth about $532,000. Finally, Forvis Mazars Wealth Advisors LLC bought a new stake in FOX in the 3rd quarter valued at about $222,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Bank of America upgraded Fox Corporation (FOXA) to “Buy” from “Underperform” and raised its price target to $85 from $54. The bank expects the Roku acquisition to strengthen Fox’s growth outlook and generate approximately $700 million in additional annual earnings by 2028. Fox upgraded to Buy at Bank of America as Roku deal boosts growth outlook
• Positive Sentiment: Fox’s acquisition of Roku gives it a direct platform for distributing programming to viewers, potentially improving the reach and monetization of major content such as Sunday NFL games. Why Fox Can Finally Breathe a Sigh of Relief With Roku Deal—and Why the NFL Can’t
• Positive Sentiment: Options activity was notably bullish: investors bought 6,021 FOX call contracts, more than double the average volume of 2,759. This suggests increased speculative interest in further upside, though options activity is not a guarantee of future performance.
• Positive Sentiment: Fox received additional positive attention from a Zacks upgrade, with commentary suggesting the stock may have been undervalued relative to earnings estimates and intrinsic value. Fox Wins A Zacks Upgrade
• Neutral Sentiment: Reports indicate that Fox has officially acquired Roku, although some analyst commentary still describes the transaction as pending. The strategic benefits are positive, but execution, integration costs, and the ability to convert Roku’s platform into sustained earnings remain key considerations. FOX OFFICIALLY ACQUIRES ROKU
• Negative Sentiment: Fox recently traded below its 200-day moving average, a technical warning that may limit near-term momentum despite the stronger fundamental outlook. FOX Share Price Crosses Below 200-Day Moving Average

FOX Price Performance

FOX stock opened at $64.15 on Friday. Fox Corporation has a one year low of $48.34 and a one year high of $76.39. The business has a fifty day moving average price of $65.26 and a 200-day moving average price of $61.93. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.17 and a quick ratio of 2.99. The firm has a market capitalization of $26.92 billion, a P/E ratio of 16.75, a PEG ratio of 1.14 and a beta of 0.60.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.35. FOX had a return on equity of 20.64% and a net margin of 9.84%. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company posted $1.27 EPS. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, equities research analysts forecast that Fox Corporation will post 5.94 EPS for the current year.

FOX Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were paid a $0.29 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a yield of 86.0%. FOX’s dividend payout ratio (DPR) is currently 15.14%.

Insiders Place Their Bets

In related news, CEO Lachlan Murdoch bought 149,934 shares of FOX stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of $68.53 per share, with a total value of $10,274,977.02. Following the acquisition, the chief executive officer directly owned 1,401,713 shares of the company’s stock, valued at $96,059,391.89. This represents a 11.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 20.89% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Fox Advisors set a $85.00 price objective on shares of FOX in a report on Friday. Wolfe Research upgraded shares of FOX from a “peer perform” rating to an “outperform” rating and set a $71.00 target price for the company in a research report on Tuesday, June 30th. Rothschild & Co Redburn set a $71.00 target price on shares of FOX and gave the stock a “buy” rating in a research note on Friday, July 10th. Raymond James Financial upgraded shares of FOX to a “strong-buy” rating in a research note on Friday. Finally, Needham & Company LLC started coverage on shares of FOX in a research report on Friday. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, FOX currently has a consensus rating of “Moderate Buy” and an average target price of $78.12.

FOX Profile

Fox Corporation (NASDAQ: FOXA) is a U.S. media company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and Tubi, an ad-supported streaming service offering movies, television programs, and other digital content.

FOX News Media operates FOX News Channel, FOX Business Network, FOX News Digital, and related audio and digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and broadcasts scripted and unscripted programming through the FOX broadcast network and other platforms.