Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. decreased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,534 shares of the company’s stock after selling 265 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in Nexstar Media Group were worth $1,664,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Nexstar Media Group during the third quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Nexstar Media Group in the 4th quarter valued at about $25,000. True Wealth Design LLC purchased a new stake in shares of Nexstar Media Group in the third quarter worth about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Nexstar Media Group during the third quarter worth about $33,000. Finally, Jones Financial Companies Lllp raised its position in Nexstar Media Group by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock valued at $87,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insiders Place Their Bets

In other news, Director Charles Thomas Mcmillen sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $159.93, for a total transaction of $119,947.50. Following the completion of the sale, the director now owns 6,975 shares in the company, valued at $1,115,511.75. This trade represents a 9.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary Weitman sold 1,241 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $177.21, for a total value of $219,917.61. Following the completion of the transaction, the insider now owns 3,975 shares in the company, valued at $704,409.75. This represents a 23.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,112 shares of company stock valued at $12,085,893. Insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on NXST shares. 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. Rosenblatt Securities restated a “buy” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Monday, March 10th. Guggenheim upped their price target on Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Benchmark increased their price target on Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and an average price target of $208.43.

Nexstar Media Group Stock Up 2.0 %

Shares of NXST opened at $181.00 on Wednesday. The stock has a 50 day moving average price of $160.76 and a 200 day moving average price of $164.26. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.45 and a beta of 1.47. Nexstar Media Group, Inc. has a one year low of $146.04 and a one year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results 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). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Equities research analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.86 per share. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 dividend on an annualized basis and a yield of 4.11%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 34.56%.

Nexstar Media Group 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.