328,408 Shares in TEGNA Inc. $TGNA Bought by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC acquired 328,408 shares of TEGNA Inc., valued at approximately $5.5 million, increasing its ownership to 0.20% of the company.
• TEGNA reported a quarterly earnings per share of $0.44, exceeding the consensus estimate, with total revenue of $675.05 million for the quarter.
• The company declared a quarterly dividend of $0.125 per share, representing a 2.5% dividend yield and a payout ratio of 17.99%.

Valeo Financial Advisors LLC acquired a new position in shares of TEGNA Inc. (NYSE:TGNA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 328,408 shares of the company's stock, valued at approximately $5,504,000. Valeo Financial Advisors LLC owned 0.20% of TEGNA at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in TEGNA by 53.3% during the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock worth $57,000 after acquiring an additional 1,088 shares during the period. TD Private Client Wealth LLC grew its holdings in TEGNA by 13,896.4% during the second quarter. TD Private Client Wealth LLC now owns 3,919 shares of the company's stock worth $66,000 after acquiring an additional 3,891 shares during the period. Amundi boosted its position in TEGNA by 1,507.5% during the first quarter. Amundi now owns 4,067 shares of the company's stock worth $74,000 after purchasing an additional 3,814 shares in the last quarter. Blue Trust Inc. boosted its position in TEGNA by 26.0% during the first quarter. Blue Trust Inc. now owns 4,227 shares of the company's stock worth $77,000 after purchasing an additional 873 shares in the last quarter. Finally, Strs Ohio purchased a new stake in TEGNA during the first quarter worth $86,000. Institutional investors and hedge funds own 92.19% of the company's stock.

TEGNA Stock Up 0.2%

Shares of NYSE:TGNA opened at $20.16 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. TEGNA Inc. has a 52-week low of $14.87 and a 52-week high of $21.35. The stock's fifty day simple moving average is $19.98 and its 200-day simple moving average is $17.93. The company has a market capitalization of $3.24 billion, a P/E ratio of 7.25 and a beta of 0.25.

TEGNA (NYSE:TGNA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. TEGNA had a return on equity of 16.20% and a net margin of 14.99%.The business had revenue of $675.05 million for the quarter, compared to the consensus estimate of $673.92 million. During the same period in the prior year, the business earned $0.50 earnings per share. The business's revenue was down 5.0% on a year-over-year basis. TEGNA has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that TEGNA Inc. will post 3.02 earnings per share for the current fiscal year.

TEGNA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, September 5th. TEGNA's dividend payout ratio is currently 17.99%.

Analysts Set New Price Targets

TGNA has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of TEGNA in a research report on Saturday, September 27th. Guggenheim reiterated a "neutral" rating and set a $19.00 target price on shares of TEGNA in a research report on Friday, August 22nd. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $22.00 target price (up from $21.00) on shares of TEGNA in a research report on Sunday, August 10th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.75.

TEGNA Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.

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