US Bancorp DE Sells 582 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

US Bancorp DE cut its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,648 shares of the company’s stock after selling 582 shares during the quarter. US Bancorp DE’s holdings in Nexstar Media Group were worth $603,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pinnacle Associates Ltd. grew its stake in shares of Nexstar Media Group by 2.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 40,743 shares of the company’s stock valued at $6,386,000 after buying an additional 1,047 shares during the period. Integrated Advisors Network LLC bought a new stake in shares of Nexstar Media Group during the third quarter valued at approximately $220,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Nexstar Media Group by 43.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,419 shares of the company’s stock valued at $1,061,000 after acquiring an additional 1,951 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Nexstar Media Group by 5.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,018 shares of the company’s stock worth $3,164,000 after purchasing an additional 926 shares during the period. Finally, Parcion Private Wealth LLC lifted its holdings in shares of Nexstar Media Group by 13.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 31,115 shares of the company’s stock worth $5,145,000 after purchasing an additional 3,680 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Nexstar Media Group Stock Performance

Shares of Nexstar Media Group stock opened at $166.04 on Monday. The firm has a market capitalization of $5.36 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 0.19 and a beta of 1.48. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.92. The business’s fifty day simple moving average is $168.54 and its 200 day simple moving average is $166.99. Nexstar Media Group, Inc. has a 12 month low of $140.92 and a 12 month high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). Nexstar Media Group had a return on equity of 25.72% and a net margin of 11.39%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, analysts anticipate that Nexstar Media Group, Inc. will post 25.72 EPS for the current year.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.69 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 4.07%. Nexstar Media Group’s payout ratio is currently 39.10%.

Insider Buying and Selling

In other Nexstar Media Group news, insider Sean Compton sold 3,930 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $160.61, for a total transaction of $631,197.30. Following the completion of the transaction, the insider now directly owns 10,684 shares of the company’s stock, valued at approximately $1,715,957.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Nexstar Media Group news, insider Sean Compton sold 3,930 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $160.61, for a total transaction of $631,197.30. Following the completion of the transaction, the insider now owns 10,684 shares in the company, valued at $1,715,957.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Weitman sold 7,261 shares of Nexstar Media Group stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $164.80, for a total transaction of $1,196,612.80. Following the completion of the transaction, the insider now owns 5,216 shares of the company’s stock, valued at $859,596.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,112 shares of company stock valued at $6,887,029. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NXST. Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $200.00 to $190.00 in a research note on Friday. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday. Benchmark reaffirmed a “buy” rating and issued a $215.00 price target on shares of Nexstar Media Group in a research report on Friday. Barrington Research reissued an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.50.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.