Kiker Wealth Management LLC Lowers Stock Holdings in TEGNA Inc. $TGNA

Kiker Wealth Management LLC reduced its stake in TEGNA Inc. (NYSE:TGNA) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,164 shares of the company’s stock after selling 1,682 shares during the period. Kiker Wealth Management LLC’s holdings in TEGNA were worth $1,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TGNA. GAMMA Investing LLC increased its holdings in TEGNA by 2,693.7% in the 1st quarter. GAMMA Investing LLC now owns 56,992 shares of the company’s stock valued at $1,038,000 after acquiring an additional 54,952 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in TEGNA by 2.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 124,982 shares of the company’s stock valued at $2,277,000 after acquiring an additional 3,025 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in TEGNA in the 1st quarter valued at $1,076,000. Mission Wealth Management LP increased its holdings in TEGNA by 6.2% in the 1st quarter. Mission Wealth Management LP now owns 33,079 shares of the company’s stock valued at $603,000 after acquiring an additional 1,939 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in TEGNA by 1,454.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 179,765 shares of the company’s stock valued at $3,275,000 after acquiring an additional 168,201 shares during the last quarter. 92.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TGNA shares. Guggenheim restated a “neutral” rating and issued a $19.00 target price on shares of TEGNA in a report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of TEGNA in a report on Wednesday, October 8th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $22.00 price target (up from $21.00) on shares of TEGNA in a report on Sunday, August 10th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, TEGNA has a consensus rating of “Moderate Buy” and a consensus target price of $19.75.

TEGNA Trading Down 0.1%

NYSE TGNA opened at $20.07 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. TEGNA Inc. has a 52 week low of $14.87 and a 52 week high of $21.35. The firm has a market cap of $3.23 billion, a PE ratio of 7.22 and a beta of 0.25. The company has a 50 day moving average price of $20.35 and a 200 day moving average price of $17.98.

TEGNA (NYSE:TGNA) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $675.05 million for the quarter, compared to analyst estimates of $673.92 million. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. TEGNA has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that TEGNA Inc. will post 3.02 EPS for the current fiscal year.

TEGNA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, September 5th. TEGNA’s dividend payout ratio (DPR) is currently 17.99%.

About TEGNA

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.