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Barclays has upgraded Fox Corporation to a "hold" rating, while Zurcher Kantonalbank reduced its stake by 3.6%, owning approximately 0.10% of the company. Insiders, including Chairman Rupert Murdoch, have sold over 1 million shares recently, raising concerns as institutional ownership stands at 26.41%. Fox's stock opened at $44.73, with a market cap of $20.43 billion and a P/E ratio of 10.94.
Following a recent acquisition, the CEO of Fox Corporation now owns over 1 million shares valued at approximately $42 million, while COO John Nallen sold nearly 53,000 shares for over $2 million. Institutional investors hold 52.52% of the company's stock, with significant increases in holdings from firms like Vanguard and AXA. Despite a "Hold" rating from analysts, Fox is not among the top recommended stocks for investment.
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