Mutual of America Capital Management LLC Reduces Holdings in TEGNA Inc. $TGNA

Mutual of America Capital Management LLC trimmed its position in shares of TEGNA Inc. (NYSE:TGNA) by 12.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,647 shares of the company’s stock after selling 2,816 shares during the quarter. Mutual of America Capital Management LLC’s holdings in TEGNA were worth $346,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of TEGNA during the second quarter worth approximately $2,345,000. Allianz Asset Management GmbH increased its position in shares of TEGNA by 88.3% during the second quarter. Allianz Asset Management GmbH now owns 527,566 shares of the company’s stock worth $8,842,000 after purchasing an additional 247,414 shares in the last quarter. Capital Management Corp VA increased its position in shares of TEGNA by 19.7% during the second quarter. Capital Management Corp VA now owns 920,820 shares of the company’s stock worth $15,433,000 after purchasing an additional 151,645 shares in the last quarter. Meritage Portfolio Management increased its position in shares of TEGNA by 2.7% during the second quarter. Meritage Portfolio Management now owns 25,801 shares of the company’s stock worth $432,000 after purchasing an additional 688 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of TEGNA by 6.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,952 shares of the company’s stock worth $468,000 after purchasing an additional 1,586 shares in the last quarter. 92.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on TGNA shares. Guggenheim reiterated a “neutral” rating and set a $19.00 price target on shares of TEGNA in a research report on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of TEGNA in a report on Wednesday, October 8th. Zacks Research cut TEGNA from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Finally, Wells Fargo & Company cut TEGNA from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.75.

TEGNA Stock Up 0.1%

Shares of NYSE:TGNA opened at $19.87 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average of $20.60 and a two-hundred day moving average of $18.22. The stock has a market cap of $3.20 billion, a P/E ratio of 7.15 and a beta of 0.25. TEGNA Inc. has a 52-week low of $14.87 and a 52-week high of $21.35.

TEGNA (NYSE:TGNA) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. TEGNA had a return on equity of 16.20% and a net margin of 14.99%.The business had revenue of $675.05 million for the quarter, compared to analyst estimates of $673.92 million. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s quarterly revenue was down 5.0% on a year-over-year basis. TEGNA has set its Q3 2025 guidance at EPS. On average, research analysts expect that TEGNA Inc. will post 3.02 earnings per share for the current year.

TEGNA Announces Dividend

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 is 17.99%.

TEGNA Company Profile

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.