Moran Wealth Management LLC Has $1.95 Million Stock Position in TEGNA Inc. $TGNA

Key Points

• Moran Wealth Management LLC reduced its stake in TEGNA Inc. by 12.0%, now holding approximately 116,315 shares valued at $1.95 million.
• Several hedge funds increased their positions in TEGNA, with TD Private Client Wealth LLC notably boosting its stake by 13,896.4% during the second quarter.
• TEGNA has received mixed ratings from analysts, with a current average rating of "Hold" and a price target averaging $19.75.

Moran Wealth Management LLC reduced its position in TEGNA Inc. (NYSE:TGNA - Free Report) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,315 shares of the company's stock after selling 15,862 shares during the period. Moran Wealth Management LLC owned about 0.07% of TEGNA worth $1,949,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

TGNA has been the subject of a number of research reports. Guggenheim restated a "neutral" rating and set a $19.00 price objective on shares of TEGNA in a research report on Friday, August 22nd. Zacks Research lowered shares of TEGNA from a "hold" rating to a "strong sell" rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of TEGNA in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $22.00 price objective (up previously from $21.00) on shares of TEGNA in a research note on Sunday, August 10th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.75.

TEGNA Price Performance

Shares of TGNA opened at $19.88 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.47 and a current ratio of 1.47. TEGNA Inc. has a twelve month low of $14.87 and a twelve month high of $21.35. The firm's 50 day moving average price is $20.49 and its 200 day moving average price is $18.01. The firm has a market cap of $3.20 billion, a PE ratio of 7.15 and a beta of 0.25.

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

TEGNA Dividend Announcement

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

About TEGNA

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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