Nexstar Media Group, Inc. (NASDAQ:NXST) Director Sells $41,110.00 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen sold 250 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $164.44, for a total value of $41,110.00. Following the sale, the director now owns 7,725 shares of the company’s stock, valued at approximately $1,270,299. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, September 10th, Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock. The stock was sold at an average price of $160.00, for a total value of $160,000.00.

Nexstar Media Group Stock Up 1.0 %

Shares of NXST opened at $166.38 on Friday. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.19 and a beta of 1.49. The company has a 50-day moving average price of $168.52 and a two-hundred day moving average price of $165.90. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 2.92. Nexstar Media Group, Inc. has a 12 month low of $132.30 and a 12 month high of $187.27.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $3.54 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.94). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Nexstar Media Group had a return on equity of 18.65% and a net margin of 8.68%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.64 EPS. Equities analysts predict that Nexstar Media Group, Inc. will post 25.72 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Friday, August 9th. Nexstar Media Group’s payout ratio is 57.19%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NXST. Wells Fargo & Company cut their target price on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Thursday. Barrington Research reissued an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and set a $225.00 price target on shares of Nexstar Media Group in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $201.67.

Institutional Trading of Nexstar Media Group

Several hedge funds have recently modified their holdings of NXST. Capital Research Global Investors acquired a new stake in shares of Nexstar Media Group during the first quarter worth approximately $92,323,000. Point72 Asset Management L.P. increased its holdings in shares of Nexstar Media Group by 392.6% in the fourth quarter. Point72 Asset Management L.P. now owns 450,351 shares of the company’s stock valued at $70,593,000 after purchasing an additional 358,920 shares in the last quarter. Norges Bank acquired a new stake in shares of Nexstar Media Group in the fourth quarter valued at approximately $51,812,000. Vanguard Group Inc. increased its holdings in shares of Nexstar Media Group by 3.9% in the first quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock valued at $580,689,000 after purchasing an additional 127,783 shares in the last quarter. Finally, Payden & Rygel Investment Group acquired a new stake in shares of Nexstar Media Group in the first quarter valued at approximately $15,144,000. Institutional investors and hedge funds 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.