Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) Director Charles Thomas Mcmillen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $180.00, for a total transaction of $180,000.00. Following the completion of the sale, the director owned 5,658 shares of the company’s stock, valued at $1,018,440. This trade represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Nexstar Media Group Stock Performance
NASDAQ:NXST traded up $2.03 during mid-day trading on Tuesday, hitting $179.57. The stock had a trading volume of 308,138 shares, compared to its average volume of 381,526. Nexstar Media Group, Inc. has a twelve month low of $164.00 and a twelve month high of $254.30. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 0.46 and a beta of 0.91. The company’s 50 day simple moving average is $192.27 and its 200 day simple moving average is $207.60. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.76 and a current ratio of 1.76.
Nexstar Media Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, May 15th. Nexstar Media Group’s dividend payout ratio (DPR) is 159.66%.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several brokerages recently issued reports on NXST. Benchmark cut their target price on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Barrington Research reissued an “outperform” rating and issued a $290.00 price target on shares of Nexstar Media Group in a report on Tuesday, April 28th. Wells Fargo & Company lowered their price target 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. Guggenheim increased their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $259.67.
Get Our Latest Analysis on Nexstar Media Group
Nexstar Media Group Company Profile
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.
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