Foster & Motley Inc. Reduces Stock Position in TEGNA Inc. $TGNA

Foster & Motley Inc. reduced its position in shares of TEGNA Inc. (NYSE:TGNA) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,441 shares of the company’s stock after selling 835 shares during the period. Foster & Motley Inc.’s holdings in TEGNA were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Meritage Portfolio Management boosted its holdings in shares of TEGNA by 2.7% during the second quarter. Meritage Portfolio Management now owns 25,801 shares of the company’s stock worth $432,000 after purchasing an additional 688 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of TEGNA by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company’s stock worth $92,000 after purchasing an additional 694 shares during the period. Blue Trust Inc. boosted 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 worth $77,000 after purchasing an additional 873 shares during the period. GAMMA Investing LLC lifted its holdings in TEGNA by 53.3% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock worth $57,000 after buying an additional 1,088 shares during the period. Finally, Kendall Capital Management lifted its holdings in TEGNA by 1.9% in the first quarter. Kendall Capital Management now owns 67,542 shares of the company’s stock worth $1,231,000 after buying an additional 1,230 shares during the period. 92.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on TGNA shares. Wells Fargo & Company restated an “overweight” rating and issued a $22.00 price objective (up from $21.00) on shares of TEGNA in a report on Sunday, August 10th. Zacks Research lowered shares of TEGNA from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Guggenheim restated a “neutral” rating and issued a $19.00 price objective on shares of TEGNA in a report on Friday, August 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TEGNA in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, TEGNA presently has an average rating of “Hold” and a consensus price target of $19.75.

TEGNA Price Performance

Shares of NYSE TGNA opened at $19.96 on Monday. TEGNA Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $21.35. The company has a 50 day simple moving average of $20.68 and a two-hundred day simple moving average of $18.03. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 7.18 and a beta of 0.25. 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 (NYSE:TGNA) last announced its earnings results on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The business had revenue of $675.05 million during the quarter, compared to the consensus estimate of $673.92 million. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. TEGNA has set its Q3 2025 guidance at EPS. Analysts expect that TEGNA Inc. will post 3.02 EPS for the current fiscal year.

TEGNA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. TEGNA’s dividend payout ratio (DPR) is currently 17.99%.

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.