Fox Corporation $FOX Position Raised by Gabelli Funds LLC

Key Points

• Gabelli Funds raised its stake in Fox Corporation by 26.4% in Q3 to 538,400 shares (about $30.85 million), contributing to the roughly 26.41% institutional ownership of the stock.
• Insider Adam G. Ciongoli sold 29,897 shares on Dec. 9 for about $2.08 million, cutting his holding by 45.38%; insiders now own 23.06% of the company.
• Fox beat Q results (EPS $0.82 vs. $0.51 expected; revenue $5.18B vs. $5.06B), announced a $0.28 dividend payable March 25, and faces mixed analyst ratings with a consensus "Hold" and $75 price target.

Gabelli Funds LLC boosted its position in Fox Corporation (NASDAQ:FOX - Free Report) by 26.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 538,400 shares of the company's stock after purchasing an additional 112,600 shares during the period. Gabelli Funds LLC owned approximately 0.12% of FOX worth $30,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of FOX in the 3rd quarter worth $26,000. Quent Capital LLC bought a new position in FOX during the third quarter valued at about $32,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX during the third quarter valued at about $74,000. First Horizon Corp acquired a new position in FOX during the third quarter worth about $74,000. Finally, Geneos Wealth Management Inc. grew its holdings in FOX by 95.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company's stock worth $76,000 after acquiring an additional 703 shares during the period. 26.41% of the stock is owned by institutional investors.

Insider Activity at FOX

In other news, insider Adam G. Ciongoli sold 29,897 shares of FOX stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $69.55, for a total value of $2,079,336.35. Following the transaction, the insider directly owned 35,978 shares of the company's stock, valued at $2,502,269.90. This trade represents a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 23.06% of the stock is currently owned by insiders.

FOX Trading Up 1.5%

Shares of NASDAQ FOX opened at $54.31 on Friday. Fox Corporation has a 12 month low of $43.18 and a 12 month high of $68.18. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 7.51 and a beta of 0.59. 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 business has a fifty day simple moving average of $60.09 and a 200-day simple moving average of $58.06.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.31. The business had revenue of $5.18 billion during 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%. Sell-side analysts predict that Fox Corporation will post 4.25 EPS for the current year.

FOX Dividend Announcement

The company also recently announced 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 is Wednesday, March 4th. FOX's dividend payout ratio (DPR) is presently 13.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FOX shares. Weiss Ratings reissued a "buy (b)" rating on shares of FOX in a report on Monday, December 29th. Wells Fargo & Company cut shares of FOX from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 5th. Guggenheim reiterated a "buy" rating and issued a $85.00 target price on shares of FOX in a report on Monday, December 22nd. Zacks Research lowered shares of FOX from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 5th. Finally, Bank of America restated an "underperform" rating and set a $45.00 target price (down from $80.00) on shares of FOX in a report on Wednesday, February 25th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $75.00.

FOX News Summary

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox’s last reported quarter beat expectations (reported $0.82 EPS vs. $0.51 expected) and revenue topped estimates, supporting the stock’s fundamental case and investor confidence.
• Positive Sentiment: The U.S. appeals court lifted an injunction on former President Trump’s Chicago immigration operation — a high-profile political development that typically drives viewership for cable news networks and could lift Fox’s advertising revenue if sustained. Article Title
• Positive Sentiment: Escalating Iran-related developments and related NATO coverage (missile reports, talks of military responses and U.S. statements) are driving heavy news consumption; that elevated geopolitical coverage often benefits major news broadcasters’ ratings and ad demand. Examples: NATO/airspace stories and Iran leadership/response coverage. Article Title Article Title
• Neutral Sentiment: Short-interest data in the feed shows anomalous/zero values (listed as a “large increase” but with 0 shares / NaN), which appears unreliable — not actionable until clarified by a credible data source.
• Neutral Sentiment: Sports and opinion pieces (e.g., Russell Wilson/Sean Payton feud, columns on AI and Supreme Court rulings) generate traffic but are unlikely to materially move Fox Corp’s near-term fundamentals on their own. Article Title
• Negative Sentiment: Technically, the stock remains below its 50‑day moving average (50‑day: $60.31 vs. current mid‑day level), which can act as resistance and limit upside unless momentum broadens — a consideration for traders despite today’s uptick.

FOX Profile

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.

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