Boston Partners Sells 15,445 Shares of TEGNA Inc. $TGNA

Key Points

• Boston Partners reduced its stake in TEGNA Inc. by 0.6%, selling 15,445 shares, and now holds 2,369,090 shares valued at approximately $42.23 million.
• TEGNA reported a quarterly earnings per share (EPS) of $0.44, exceeding analyst expectations of $0.38, even though its revenue decreased by 5% year-over-year.
• The company declared a quarterly dividend of $0.125 per share, resulting in a dividend yield of 2.4% and a payout ratio of 17.99%.

Boston Partners reduced its stake in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,369,090 shares of the company's stock after selling 15,445 shares during the quarter. Boston Partners owned 1.47% of TEGNA worth $42,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in shares of TEGNA during the 4th quarter worth $28,000. Tower Research Capital LLC TRC grew its position in shares of TEGNA by 80.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,683 shares of the company's stock worth $31,000 after acquiring an additional 749 shares during the last quarter. GAMMA Investing LLC raised its stake in TEGNA by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $57,000 after acquiring an additional 1,088 shares during the last quarter. Blue Trust Inc. raised its position in TEGNA by 26.0% in the first quarter. Blue Trust Inc. now owns 4,227 shares of the company's stock worth $77,000 after acquiring an additional 873 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in TEGNA by 15.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company's stock valued at $92,000 after acquiring an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 92.19% of the company's stock.

TEGNA Stock Up 4.1%

TGNA stock traded up $0.8250 during trading hours on Tuesday, reaching $21.0050. 25,357,424 shares of the stock were exchanged, compared to its average volume of 1,847,353. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 1.47. The firm's 50-day moving average is $17.19 and its 200-day moving average is $17.21. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 7.56 and a beta of 0.28. TEGNA Inc. has a 12 month low of $13.44 and a 12 month high of $21.15.

TEGNA (NYSE:TGNA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.06. TEGNA had a return on equity of 16.20% and a net margin of 14.99%.The company had revenue of $675.05 million for the quarter, compared to analyst estimates of $673.92 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. TEGNA has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that TEGNA Inc. will post 3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TGNA. Guggenheim cut their target price on shares of TEGNA from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $22.00 price objective (up previously from $21.00) on shares of TEGNA in a report on Sunday, August 10th. Benchmark reduced their price objective on shares of TEGNA from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of TEGNA from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, TEGNA presently has an average rating of "Moderate Buy" and an average target price of $20.25.

TEGNA Company 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.