Mitsubishi UFJ Trust & Banking Corp Cuts Stock Position in Fox Corporation $FOX

Key Points

• Mitsubishi UFJ Trust & Banking cut its stake in Fox by 45.3% in Q4 to 92,569 shares, selling 76,669 shares and leaving holdings worth about $6.01M.
• Significant insider selling has occurred recently: COO John Nallen sold 216,806 shares and CEO Lachlan Murdoch sold 637,752 shares, with insiders selling a total of 1,586,871 shares (~$91.9M) in the last 90 days while still owning 23.06% of the company.
• Fox beat quarterly estimates with $0.82 EPS vs. $0.51 and $5.18B revenue and paid a $0.28 dividend, but analyst sentiment is muted with a consensus "Hold" (average target ~$75) and recent downgrades including BofA's underperform/$45 target.

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 45.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,569 shares of the company's stock after selling 76,669 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in FOX were worth $6,011,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. NBC Securities Inc. purchased a new stake in shares of FOX during the fourth quarter worth approximately $225,000. Farther Finance Advisors LLC raised its stake in shares of FOX by 92.2% during the fourth quarter. Farther Finance Advisors LLC now owns 10,073 shares of the company's stock worth $654,000 after purchasing an additional 4,832 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of FOX by 2.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 369,923 shares of the company's stock worth $24,019,000 after purchasing an additional 9,808 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of FOX by 1.5% during the fourth quarter. Yousif Capital Management LLC now owns 16,997 shares of the company's stock worth $1,107,000 after purchasing an additional 259 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of FOX during the fourth quarter worth approximately $83,000. Hedge funds and other institutional investors own 26.41% of the company's stock.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: UFL highlights and other live-sports coverage on FOX continue to drive appointment viewing and ad opportunities — positive for ratings and ad revenue. St. Louis Battlehawks vs. Louisville Kings Highlights UFL on FOX
• Positive Sentiment: High-profile event coverage (e.g., Artemis mission features) can attract cross-demographic viewers and premium ad dollars for FOX’s cable and streaming platforms. Artemis crew says they wanted to show mission could be done 'exceptionally well'
• Neutral Sentiment: Ongoing hard-news coverage (Iran/Hormuz developments, global supply-chain concerns) is increasing traffic but is unpredictable in duration and monetization; news spikes can temporarily boost viewership but are hard to translate into steady ad revenue. Global famine fears rise as Hormuz crisis threatens ‘eight-year' Suez-scale disruption
• Neutral Sentiment: Multiple short-form video and political clips (WHCA dinner suspect, Senate hearings, campus incidents) indicate steady content output and engagement but are routine for a news broadcaster and unlikely to move fundamentals by themselves. WHCA Dinner suspect's digital trail reveals elaborate planning, raises security concerns
• Negative Sentiment: Brokerage consensus: analysts have a "Hold" on FOX, which can damp investor enthusiasm and limit buying interest until guidance or catalysts change. Fox Corporation NASDAQ: FOX Receives Consensus Recommendation of "Hold" from Brokerages
• Negative Sentiment: Reports that Saudi Arabia’s Public Investment Fund is walking away from LIV Golf create uncertainty around the competitive sports landscape and potential rights/partnership dynamics — a negative for media companies exposed to golf/event rights until the picture clears. Saudi Arabia's Public Investment Fund walking away from LIV Golf

Insider Activity

In other FOX news, COO John Nallen sold 216,806 shares of FOX stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $57.68, for a total value of $12,505,370.08. Following the completion of the sale, the chief operating officer owned 362,206 shares in the company, valued at $20,892,042.08. The trade was a 37.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lachlan K. Murdoch sold 637,752 shares of the business's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $58.20, for a total value of $37,117,166.40. Following the sale, the chief executive officer directly owned 152 shares of the company's stock, valued at approximately $8,846.40. This trade represents a 99.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,586,871 shares of company stock valued at $91,893,926 in the last 90 days. 23.06% of the stock is owned by company insiders.

FOX Stock Performance

Shares of NASDAQ FOX opened at $56.93 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.44. The company has a market cap of $24.22 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 6.97 and a beta of 0.54. The company has a 50-day simple moving average of $54.03 and a 200-day simple moving average of $58.10. Fox Corporation has a 12 month low of $44.35 and a 12 month high of $68.18.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.51 by $0.31. The company had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.06 billion. FOX had a return on equity of 18.14% and a net margin of 11.41%. On average, equities analysts anticipate that Fox Corporation will post 4.59 earnings per share for the current year.

FOX Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FOX shares. Bank of America reissued an "underperform" rating and set a $45.00 target price (down from $80.00) on shares of FOX in a research note on Wednesday, February 25th. Wells Fargo & Company downgraded FOX from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 5th. Finally, Zacks Research downgraded FOX from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $75.00.

FOX Company 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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