Gary Weitman Sells 325 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Gary Weitman sold 325 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $167.25, for a total value of $54,356.25. Following the completion of the sale, the insider now directly owns 7,425 shares of the company's stock, valued at approximately $1,241,831.25. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Gary Weitman also recently made the following trade(s):

• On Tuesday, May 27th, Gary Weitman sold 363 shares of Nexstar Media Group stock. The shares were sold at an average price of $173.59, for a total value of $63,013.17.
• On Tuesday, May 20th, Gary Weitman sold 424 shares of Nexstar Media Group stock. The shares were sold at an average price of $175.53, for a total value of $74,424.72.
• On Friday, March 7th, Gary Weitman sold 1,241 shares of Nexstar Media Group stock. The shares were sold at an average price of $177.21, for a total value of $219,917.61.

Nexstar Media Group Stock Up 2.6%

Shares of NXST stock traded up $4.29 during midday trading on Friday, reaching $169.00. 224,880 shares of the stock were exchanged, compared to its average volume of 389,535. Nexstar Media Group, Inc. has a 1 year low of $141.66 and a 1 year high of $191.86. The company's 50 day moving average is $160.90 and its two-hundred day moving average is $162.14. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm has a market cap of $5.16 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $3.37 earnings per share for the quarter, topping analysts' consensus estimates of $3.26 by $0.11. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business earned $5.16 EPS. The business's revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.40%. Nexstar Media Group's dividend payout ratio (DPR) is 37.69%.

Analyst Ratings Changes

A number of research analysts recently issued reports on NXST shares. Wells Fargo & Company reduced their price target on Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Barrington Research restated an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Tuesday, May 13th. Wall Street Zen downgraded Nexstar Media Group from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Loop Capital upgraded Nexstar Media Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $190.00 to $200.00 in a report on Friday, February 28th. Finally, Benchmark reduced their price target on Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Nexstar Media Group by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,341,899 shares of the company's stock worth $240,481,000 after acquiring an additional 10,544 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Nexstar Media Group by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,138,064 shares of the company's stock worth $203,964,000 after acquiring an additional 35,938 shares during the period. Demars Financial Group LLC grew its stake in shares of Nexstar Media Group by 13.6% in the 1st quarter. Demars Financial Group LLC now owns 879,253 shares of the company's stock worth $157,580,000 after buying an additional 105,516 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Nexstar Media Group by 32.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company's stock worth $144,110,000 after buying an additional 195,574 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Nexstar Media Group by 7.9% in the 1st quarter. Northern Trust Corp now owns 499,896 shares of the company's stock worth $89,591,000 after buying an additional 36,757 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

About Nexstar Media Group

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.