Gary Weitman Sells 261 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Gary Weitman sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total value of $44,581.41. Following the transaction, the insider directly owned 6,963 shares in the company, valued at $1,189,350.03. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, June 12th, Gary Weitman sold 194 shares of Nexstar Media Group stock. The stock was sold at an average price of $174.21, for a total value of $33,796.74.
• On Thursday, June 4th, Gary Weitman sold 319 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total transaction of $58,191.98.
• On Wednesday, May 27th, Gary Weitman sold 184 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $34,466.88.

Nexstar Media Group Stock Down 3.7%

Shares of NXST opened at $165.82 on Thursday. Nexstar Media Group, Inc. has a 52 week low of $163.67 and a 52 week high of $254.30. The firm has a market cap of $5.06 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.91. The firm’s 50-day simple moving average is $190.41 and its 200 day simple moving average is $206.83. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.76 and a current ratio of 1.76.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, May 15th. Nexstar Media Group’s dividend payout ratio is currently 159.66%.

More Nexstar Media Group News

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Nexstar said shareholders approved all proposals at its 2026 annual meeting, including board elections, executive compensation, auditor ratification, and the 2026 long-term incentive plan. That vote removes a near-term governance overhang and suggests shareholder support for management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
• Positive Sentiment: Nexstar’s Locked On Podcast Network, operated through TEGNA, said it is on track to reach 1 billion listens, views, and social engagements by the end of 2026, highlighting continued growth in digital audience engagement. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
• Neutral Sentiment: Several Nexstar executives, including the CFO and multiple EVPs, sold small amounts of stock at the same price, but the filings indicate the sales were made to cover tax withholding tied to vesting equity awards rather than discretionary selling. SEC filing
• Neutral Sentiment: Analyst commentary remains generally constructive, with several firms maintaining buy-style ratings, but that support is offset by ongoing concerns around leverage and recent legal headlines. Nexstar Media Group insider trades page
• Negative Sentiment: Insider selling has been persistent over the past several months, with no reported open-market insider buying. Even though the latest trades were tax-related, the repeated sales can weigh on investor sentiment and raise caution about near-term confidence in the stock. Insider buying and selling alert

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen raised Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Guggenheim raised their target price on shares of Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Barrington Research reaffirmed an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. Finally, Wells Fargo & Company lowered their target price on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $259.67.

Institutional Trading of Nexstar Media Group

Several large investors have recently made changes to their positions in NXST. Torren Management LLC acquired a new stake in shares of Nexstar Media Group during the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth approximately $28,000. WPG Advisers LLC boosted its position in shares of Nexstar Media Group by 65.7% during the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after acquiring an additional 71 shares in the last quarter. State of Wyoming acquired a new stake in shares of Nexstar Media Group during the 2nd quarter worth approximately $54,000. Finally, Danske Bank A S acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth approximately $59,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

About Nexstar Media Group

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.