Gary Weitman Sells 194 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Posted by Stanley Muller on Jun 17th, 2026

Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) insider Gary Weitman sold 194 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $174.21, for a total transaction of $33,796.74. Following the completion of the transaction, the insider directly owned 6,568 shares of the company’s stock, valued at approximately $1,144,211.28. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gary Weitman also recently made the following trade(s):

On Tuesday, June 16th, Gary Weitman sold 261 shares of Nexstar Media Group stock. The shares were sold at an average price of $170.81, for a total transaction of $44,581.41.
On Thursday, June 4th, Gary Weitman sold 319 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total transaction of $58,191.98.
On Wednesday, May 27th, Gary Weitman sold 184 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $34,466.88.

Nexstar Media Group Stock Down 0.1%

Nexstar Media Group stock opened at $172.11 on Wednesday. The company has a market cap of $5.26 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 0.43 and a beta of 0.91. Nexstar Media Group, Inc. has a 1-year low of $164.00 and a 1-year high of $254.30. The company has a fifty day simple moving average of $190.81 and a 200 day simple moving average of $207.01. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $1.86 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $7.44 dividend on an annualized basis and a yield of 4.3%. Nexstar Media Group’s dividend payout ratio (DPR) is 159.66%.

Wall Street Analysts Forecast Growth

NXST has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a research note on Wednesday, May 27th. Wall Street Zen upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup upgraded shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $252.00 to $220.00 in a research note on Friday, April 10th. Finally, Barrington Research restated an “outperform” rating and set a $290.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Nexstar Media Group presently has an average rating of “Buy” and an average price target of $259.67.

View Our Latest Analysis on Nexstar Media Group

More Nexstar Media Group News

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

Positive Sentiment: Shareholders approved all proposals at Nexstar’s 2026 annual meeting, including board elections, executive pay, auditor ratification, and the 2026 long-term incentive plan. This removes an overhang and signals shareholder backing of management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
Positive Sentiment: Nexstar’s TEGNA-owned Locked On Podcast Network said it is on track to reach 1 billion listens, views, and social engagements by the end of 2026, highlighting strong audience growth and engagement in digital media. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
Neutral Sentiment: Multiple Nexstar executives, including the CFO, COO, and several EVPs, sold shares at the same price to cover tax withholding tied to vesting equity awards. These sales were routine and disclosed in SEC filings, but the volume of insider selling may still weigh on sentiment. SEC filing
Neutral Sentiment: Over the past six months, insiders have sold NXST shares repeatedly with no reported open-market purchases, which can raise caution among investors even though the transactions appear compensation-related. Insider buying and selling alert

Institutional Trading of Nexstar Media Group

Hedge funds have recently modified their holdings of the stock. CWA Asset Management Group LLC boosted its holdings in shares of Nexstar Media Group by 1.7% during the 4th quarter. CWA Asset Management Group LLC now owns 3,103 shares of the company’s stock worth $630,000 after buying an additional 51 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Nexstar Media Group by 1.6% during the 4th quarter. Merit Financial Group LLC now owns 3,571 shares of the company’s stock worth $725,000 after buying an additional 56 shares during the period. Truist Financial Corp boosted its holdings in shares of Nexstar Media Group by 5.2% during the 4th quarter. Truist Financial Corp now owns 1,139 shares of the company’s stock worth $231,000 after buying an additional 56 shares during the period. WPG Advisers LLC boosted its holdings in shares of Nexstar Media Group by 65.7% during the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after buying an additional 71 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Nexstar Media Group by 15.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 589 shares of the company’s stock worth $102,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

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.