Robeco Institutional Asset Management B.V. Cuts Stock Position in TEGNA Inc. $TGNA

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in TEGNA Inc. by 6.9%, owning approximately 0.21% of the company following the sale of 25,465 shares.
• TEGNA has received a Moderate Buy rating from analysts, with a consensus price target of $19.75, and reports showing a quarterly revenue decline of 5.0% year-over-year.
• The company recently paid a quarterly dividend of $0.125, with an annualized dividend yield of 2.5%.

Robeco Institutional Asset Management B.V. trimmed its position in TEGNA Inc. (NYSE:TGNA - Free Report) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,460 shares of the company's stock after selling 25,465 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.21% of TEGNA worth $5,723,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TGNA. State of Alaska Department of Revenue lifted its stake in shares of TEGNA by 7.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 95,748 shares of the company's stock worth $1,604,000 after acquiring an additional 6,472 shares during the period. TD Private Client Wealth LLC raised 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 purchasing an additional 3,891 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in TEGNA by 30.5% in the second quarter. Assenagon Asset Management S.A. now owns 163,046 shares of the company's stock valued at $2,733,000 after purchasing an additional 38,064 shares during the period. Exchange Traded Concepts LLC lifted its position in TEGNA by 6.1% in the second quarter. Exchange Traded Concepts LLC now owns 62,642 shares of the company's stock valued at $1,050,000 after purchasing an additional 3,599 shares during the period. Finally, Strs Ohio purchased a new stake in TEGNA in the 1st quarter valued at approximately $86,000. 92.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGNA. Weiss Ratings reissued a "buy (b-)" rating on shares of TEGNA in a research note on Saturday, September 27th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $22.00 price objective (up previously from $21.00) on shares of TEGNA in a report on Sunday, August 10th. Finally, Guggenheim reiterated a "neutral" rating and issued a $19.00 price objective on shares of TEGNA in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, TEGNA has an average rating of "Moderate Buy" and a consensus target price of $19.75.

TEGNA Stock Performance

TGNA opened at $20.16 on Tuesday. TEGNA Inc. has a 1-year low of $14.87 and a 1-year high of $21.35. The stock has a market cap of $3.24 billion, a P/E ratio of 7.25 and a beta of 0.25. The stock's 50 day simple moving average is $19.98 and its 200 day simple moving average is $17.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 1.47.

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

TEGNA Dividend Announcement

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

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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