Gary Weitman Sells 184 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Posted by Brenda Bartman on May 29th, 2026

Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) insider Gary Weitman sold 184 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $187.32, for a total value of $34,466.88. Following the sale, the insider directly owned 5,018 shares in the company, valued at $939,971.76. The trade was a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST opened at $185.94 on Friday. Nexstar Media Group, Inc. has a 1-year low of $164.00 and a 1-year high of $254.30. The firm has a market capitalization of $5.68 billion, a PE ratio of 39.90, a PEG ratio of 0.50 and a beta of 0.97. The business’s 50 day moving average is $198.32 and its 200-day moving average is $207.93. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.53.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, May 15th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 159.66%.

Key Headlines Impacting Nexstar Media Group

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

Positive Sentiment: NXST was highlighted in a Zacks piece on PEG-driven value stocks, which can support the bull case by keeping the name on investors’ radar as a relatively undervalued growth stock. Article title
Neutral Sentiment: Several Nexstar executives and insiders sold shares at $187.32, but the filings say the transactions were made to cover tax withholding tied to equity award vesting, which usually limits the bearish signal. SEC filing reference
Neutral Sentiment: Reported short interest was shown as zero shares, so there is no meaningful short-selling data in this update to explain the stock’s move. Article reference
Negative Sentiment: The cluster of insider sales from multiple executives, including the COO and several EVPs, may weigh on sentiment in the near term even though the sales were non-discretionary. MarketBeat insider trades page

Analyst Upgrades and Downgrades

NXST has been the topic of several recent research reports. Zacks Research raised Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Benchmark decreased their price target on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Barrington Research reaffirmed an “outperform” rating and issued a $290.00 price target on shares of Nexstar Media Group in a research note on Tuesday, April 28th. Wells Fargo & Company decreased their price target on Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, Guggenheim boosted their price target on Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, February 27th. One investment 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 stock. Based on data from MarketBeat.com, Nexstar Media Group currently has an average rating of “Buy” and an average target price of $259.67.

Read Our Latest Stock Report on Nexstar Media Group

Institutional Trading of Nexstar Media Group

Several institutional investors have recently bought and sold shares of NXST. Torren Management LLC acquired a new stake in Nexstar Media Group in the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Nexstar Media Group in the 3rd quarter valued at $28,000. Root Financial Partners LLC acquired a new stake in Nexstar Media Group in the 3rd quarter valued at $31,000. WPG Advisers LLC boosted its stake in Nexstar Media Group by 65.7% in the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after buying an additional 71 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Nexstar Media Group by 164.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock valued at $40,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Company Profile

(Get Free Report)

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.