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 the company’s stock in a transaction dated Monday, June 28th. The stock was sold at an average price of $151.73, for a total value of $151,730.00. Following the sale, the director now owns 5,535 shares in the company, valued at $839,825.55. The trade was a 15.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 Nexstar Media Group stock opened at $176.45 on Friday. 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 fifty day simple moving average of $162.36 and a 200 day simple moving average of $164.59. Nexstar Media Group, Inc. has a 12-month low of $146.04 and a 12-month high of $191.86. The company has a market capitalization of $5.38 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXST) last announced its earnings results on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing the consensus estimate of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. On average, sell-side analysts anticipate that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.86 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 annualized dividend and a dividend yield of 4.22%. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio (DPR) is currently 34.56%.

Analyst Upgrades and Downgrades

NXST has been the subject of several recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Monday, March 10th. Barrington Research reiterated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a report on Wednesday, March 5th. StockNews.com downgraded Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Benchmark boosted their price target on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Loop Capital raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $208.43.

Hedge Funds Weigh In On Nexstar Media Group

A number of hedge funds and other institutional investors have recently modified their holdings of NXST. Brooklyn Investment Group bought a new stake in shares of Nexstar Media Group in the third quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Nexstar Media Group in the fourth quarter worth $25,000. True Wealth Design LLC bought a new stake in Nexstar Media Group during the third quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new position in Nexstar Media Group during the third quarter worth about $33,000. Finally, Jones Financial Companies Lllp grew 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 worth $87,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors 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.