Blue Trust Inc. Has $214,000 Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Blue Trust Inc. raised its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 18.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,293 shares of the company’s stock after acquiring an additional 205 shares during the quarter. Blue Trust Inc.’s holdings in Nexstar Media Group were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NXST. Brooklyn Investment Group acquired a new stake in shares of Nexstar Media Group in the third quarter valued at approximately $25,000. True Wealth Design LLC bought a new position in Nexstar Media Group in the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Nexstar Media Group in the 3rd quarter valued at $33,000. Capital Performance Advisors LLP bought a new stake in shares of Nexstar Media Group during the third quarter worth $44,000. Finally, UMB Bank n.a. lifted its stake in shares of Nexstar Media Group by 117.8% during the third quarter. UMB Bank n.a. now owns 294 shares of the company’s stock valued at $49,000 after acquiring an additional 159 shares during the period. 95.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Guggenheim reiterated a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Benchmark reissued a “buy” rating and set a $215.00 price target on shares of Nexstar Media Group in a research note on Friday, November 8th. Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $200.00 to $190.00 in a research note on Friday, November 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nexstar Media Group has an average rating of “Moderate Buy” and an average target price of $204.29.

Insider Activity

In other news, CFO Lee Ann Gliha sold 330 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $158.23, for a total transaction of $52,215.90. Following the completion of the transaction, the chief financial officer now directly owns 8,610 shares of the company’s stock, valued at $1,362,360.30. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brett Jenkins sold 4,331 shares of Nexstar Media Group stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $170.64, for a total value of $739,041.84. Following the completion of the sale, the insider now directly owns 25,540 shares in the company, valued at approximately $4,358,145.60. This represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,448 shares of company stock worth $23,828,076 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Nexstar Media Group Stock Down 0.6 %

Shares of NASDAQ:NXST opened at $152.23 on Tuesday. The company has a 50 day moving average price of $160.43 and a two-hundred day moving average price of $166.04. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $4.72 billion, a PE ratio of 8.80, a PEG ratio of 0.25 and a beta of 1.45. Nexstar Media Group, Inc. has a 52 week low of $147.25 and a 52 week high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Nexstar Media Group’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Analysts forecast that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.86 per share. The ex-dividend date is Wednesday, February 12th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.89%. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio (DPR) is currently 39.10%.

Nexstar Media Group 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.