TEGNA Inc. (NYSE:TGNA) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,328,912 shares of the company's stock after buying an additional 18,149 shares during the period. Dimensional Fund Advisors LP owned approximately 6.41% of TEGNA worth $188,917,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGNA. GAMMA Investing LLC boosted its holdings in shares of TEGNA by 59.0% in the 4th quarter. GAMMA Investing LLC now owns 2,040 shares of the company's stock valued at $37,000 after acquiring an additional 757 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of TEGNA by 95.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,702 shares of the company's stock worth $31,000 after buying an additional 832 shares during the last quarter. Pictet Asset Management Holding SA raised its position in TEGNA by 4.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 23,193 shares of the company's stock valued at $424,000 after acquiring an additional 910 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in TEGNA by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,364 shares of the company's stock valued at $80,000 after acquiring an additional 1,111 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in TEGNA by 7.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,994 shares of the company's stock worth $284,000 after purchasing an additional 1,239 shares in the last quarter. Hedge funds and other institutional investors own 92.19% of the company's stock.

TEGNA Price Performance

NYSE TGNA traded up $0.10 on Friday, hitting $16.17. The company had a trading volume of 805,802 shares, compared to its average volume of 2,022,755. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.60 and a quick ratio of 2.60. The company's fifty day moving average price is $17.26 and its 200-day moving average price is $17.71. The company has a market capitalization of $2.60 billion, a PE ratio of 5.71 and a beta of 0.25. TEGNA Inc. has a 12-month low of $12.35 and a 12-month high of $19.62.

TEGNA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were given a dividend of $0.125 per share. The ex-dividend date was Friday, March 7th. This represents a $0.50 annualized dividend and a dividend yield of 3.09%. TEGNA's dividend payout ratio (DPR) is presently 14.12%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of TEGNA from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Guggenheim cut their price objective on shares of TEGNA from $22.00 to $20.00 and set a "buy" rating for the company in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.25.

TEGNA 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.