Trustmark National Bank Trust Department Makes New Investment in Fox Co. (NASDAQ:FOXA)

Trustmark National Bank Trust Department bought a new stake in Fox Co. (NASDAQ:FOXA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,040 shares of the company's stock, valued at approximately $1,071,000.

Several other hedge funds also recently modified their holdings of the stock. WealthTrak Capital Management LLC purchased a new stake in FOX in the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. lifted its holdings in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX in the fourth quarter worth $28,000. Jones Financial Companies Lllp boosted its position in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after purchasing an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after purchasing an additional 368 shares during the period. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Price Performance

Shares of FOX stock traded down $0.29 during trading on Friday, hitting $47.97. The stock had a trading volume of 3,921,573 shares, compared to its average volume of 3,380,647. Fox Co. has a 12 month low of $30.39 and a 12 month high of $58.74. The business's 50-day moving average is $53.62 and its 200 day moving average is $49.03. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market cap of $21.75 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. FOX's revenue was up 19.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a yield of 1%. FOX's dividend payout ratio (DPR) is presently 11.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday. UBS Group reduced their target price on shares of FOX from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday. Guggenheim reaffirmed a "buy" rating and issued a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Loop Capital increased their price objective on FOX from $60.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Finally, Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price on the stock. in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.65.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.