Dana Zimmer Sells 465 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Posted by George Bondi on May 29th, 2026

Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) insider Dana Zimmer sold 465 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $187.32, for a total transaction of $87,103.80. Following the completion of the sale, the insider directly owned 3,272 shares in the company, valued at $612,911.04. This trade represents a 12.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nexstar Media Group Trading Up 0.4%

Shares of Nexstar Media Group stock opened at $185.94 on Friday. The firm has a market capitalization of $5.68 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 0.50 and a beta of 0.97. The company has a debt-to-equity ratio of 5.53, a current ratio of 1.76 and a quick ratio of 1.76. The company’s fifty day moving average price is $198.32 and its two-hundred day moving average price is $207.93. Nexstar Media Group, Inc. has a 52-week low of $164.00 and a 52-week high of $254.30.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, May 15th. Nexstar Media Group’s payout ratio is 159.66%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in Nexstar Media Group by 63.0% during the 3rd quarter. Principal Financial Group Inc. now owns 488,292 shares of the company’s stock worth $96,557,000 after purchasing an additional 188,695 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Nexstar Media Group by 43.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 279,336 shares of the company’s stock worth $55,236,000 after purchasing an additional 84,163 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Nexstar Media Group by 19.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 27,849 shares of the company’s stock worth $5,507,000 after purchasing an additional 4,616 shares in the last quarter. Alps Advisors Inc. increased its stake in Nexstar Media Group by 2,272.2% during the 3rd quarter. Alps Advisors Inc. now owns 49,460 shares of the company’s stock worth $9,780,000 after purchasing an additional 47,375 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Nexstar Media Group by 2,573.4% during the 4th quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock worth $28,494,000 after purchasing an additional 134,871 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

More Nexstar Media Group News

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark lowered their price target on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Barrington Research reaffirmed an “outperform” rating and issued a $290.00 target price on shares of Nexstar Media Group in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Wall Street Zen raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Wells Fargo & Company lowered their target price on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $259.67.

Get Our Latest Report on Nexstar Media Group

About Nexstar Media Group

(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.