Charles Thomas Mcmillen Sells 1,000 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of $151.73, for a total transaction of $151,730.00. Following the completion of the sale, the director now owns 5,535 shares of the company’s stock, valued at approximately $839,825.55. The trade was a 15.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Charles Thomas Mcmillen also recently made the following trade(s):

• On Wednesday, March 5th, Charles Thomas Mcmillen sold 2,000 shares of Nexstar Media Group stock. The shares were sold at an average price of $169.51, for a total value of $339,020.00.

Nexstar Media Group Trading Down 1.7 %

Shares of NXST stock opened at $176.45 on Friday. Nexstar Media Group, Inc. has a 1-year low of $146.04 and a 1-year high of $191.86. 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 stock has a market cap of $5.38 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.45 and a beta of 1.47. The stock has a 50-day moving average of $162.36 and a 200-day moving average of $164.61.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate of $9.22 by ($1.66). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. On average, equities research analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio is 34.56%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NXST shares. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Monday, March 10th. Barrington Research reissued an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Wednesday, March 5th. Guggenheim increased their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 28th. StockNews.com downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Loop Capital raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $190.00 to $200.00 in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.43.

Institutional Trading of Nexstar Media Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Nexstar Media Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,331,355 shares of the company’s stock worth $210,314,000 after acquiring an additional 4,704 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Nexstar Media Group by 27,180.2% during the 4th quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company’s stock valued at $190,650,000 after acquiring an additional 1,202,453 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Nexstar Media Group by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,102,126 shares of the company’s stock worth $174,103,000 after acquiring an additional 18,675 shares during the last quarter. Demars Financial Group LLC grew its stake in shares of Nexstar Media Group by 16,009.5% in the 4th quarter. Demars Financial Group LLC now owns 773,737 shares of the company’s stock worth $122,227,000 after acquiring an additional 768,934 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Nexstar Media Group by 22.3% in the fourth quarter. Northern Trust Corp now owns 463,139 shares of the company’s stock valued at $73,162,000 after purchasing an additional 84,367 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Nexstar Media Group Company Profile

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.