Fox Corporation $FOXA Shares Sold by Sumitomo Mitsui Trust Group Inc.

Posted by Brenda Bartman on Nov 6th, 2026

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Fox Corporation (NASDAQ:FOXA – Free Report) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 476,665 shares of the company’s stock after selling 18,240 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in FOX were worth $29,863,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Junto Capital Management LP acquired a new position in FOX in the 2nd quarter valued at $34,773,000. Robeco Institutional Asset Management B.V. acquired a new stake in FOX during the 3rd quarter worth $29,395,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of FOX during the second quarter worth $21,519,000. Asset Management One Co. Ltd. purchased a new stake in shares of FOX during the third quarter worth $11,195,000. Finally, Andra AP fonden grew its holdings in shares of FOX by 208.1% during the first quarter. Andra AP fonden now owns 247,000 shares of the company’s stock worth $14,425,000 after buying an additional 166,822 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Needham & Company LLC assumed coverage on shares of FOX in a research report on Friday, October 16th. They issued a “buy” rating for the company. KeyCorp cut shares of FOX to a “sector weight” rating in a research note on Friday, October 16th. Wells Fargo & Company raised shares of FOX from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $80.00 in a research note on Friday, August 14th. Oppenheimer lowered shares of FOX to a “market perform” rating in a research note on Friday, October 16th. Finally, Sanford C. Bernstein boosted their target price on FOX from $73.00 to $74.00 and gave the stock a “market perform” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.16.

Read Our Latest Research Report on FOXA

FOX Stock Down 2.8%

Shares of FOXA opened at $67.67 on Friday. Fox Corporation has a 52-week low of $48.34 and a 52-week high of $76.39. The company has a quick ratio of 2.99, a current ratio of 3.79 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $64.88 and a two-hundred day simple moving average of $62.20. The company has a market capitalization of $28.40 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.15 and a beta of 0.63.

FOX (NASDAQ:FOXA – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.52. FOX had a net margin of 11.30% and a return on equity of 23.96%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the previous year, the company posted $1.51 EPS. The company’s revenue was up 22.3% compared to the same quarter last year. As a group, equities analysts forecast that Fox Corporation will post 5.98 EPS for the current year.

Insider Buying and Selling

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

FOX Company Profile

(Free Report)

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

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.