Charles Thomas Mcmillen Sells 2,000 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) Director Charles Thomas Mcmillen sold 2,000 shares of Nexstar Media Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $169.51, for a total value of $339,020.00. Following the completion of the transaction, the director now owns 4,975 shares in the company, valued at $843,312.25. The trade was a 28.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Charles Thomas Mcmillen also recently made the following trade(s):

• On Thursday, December 26th, Charles Thomas Mcmillen sold 750 shares of Nexstar Media Group stock. The stock was sold at an average price of $159.93, for a total value of $119,947.50.

Nexstar Media Group Price Performance

NASDAQ NXST traded up $5.26 during trading on Friday, reaching $177.85. 609,979 shares of the company traded hands, compared to its average volume of 371,909. 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 stock's 50 day moving average price is $156.61 and its two-hundred day moving average price is $163.75. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 0.45 and a beta of 1.47. Nexstar Media Group, Inc. has a 1-year low of $146.04 and a 1-year high of $191.86.

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Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing analysts' consensus estimates of $9.22 by ($1.66). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. As a group, analysts anticipate that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.86 dividend. This is an increase from Nexstar Media Group's previous quarterly dividend of $1.69. This represents a $7.44 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group's payout ratio is presently 34.56%.

Wall Street Analyst Weigh In

NXST has been the topic of a number of recent research reports. Loop Capital raised Nexstar Media Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Benchmark lifted their target price on Nexstar Media Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. StockNews.com downgraded Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Guggenheim lifted their target price on Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Barrington Research reissued an "outperform" rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Wednesday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Nexstar Media Group by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,331,355 shares of the company's stock worth $210,314,000 after acquiring an additional 4,704 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Nexstar Media Group by 27,180.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company's stock worth $190,650,000 after acquiring an additional 1,202,453 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nexstar Media Group by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,102,126 shares of the company's stock worth $174,103,000 after acquiring an additional 18,675 shares in the last quarter. Demars Financial Group LLC boosted its holdings in shares of Nexstar Media Group by 16,009.5% in the 4th quarter. Demars Financial Group LLC now owns 773,737 shares of the company's stock worth $122,227,000 after acquiring an additional 768,934 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Nexstar Media Group by 22.3% in the 4th quarter. Northern Trust Corp now owns 463,139 shares of the company's stock worth $73,162,000 after acquiring an additional 84,367 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

About Nexstar Media Group

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.