Dimensional Fund Advisors LP Has $143.71 Million Stock Holdings in TEGNA Inc. (NYSE:TGNA)

Dimensional Fund Advisors LP increased its stake in TEGNA Inc. (NYSE:TGNA - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,309,749 shares of the company's stock after purchasing an additional 141,638 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.08% of TEGNA worth $143,714,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of TEGNA by 5.8% during the first quarter. Vanguard Group Inc. now owns 26,798,623 shares of the company's stock valued at $400,371,000 after buying an additional 1,471,691 shares during the last quarter. LSV Asset Management raised its stake in shares of TEGNA by 29.5% in the 2nd quarter. LSV Asset Management now owns 8,024,562 shares of the company's stock valued at $111,862,000 after buying an additional 1,827,471 shares in the last quarter. Norges Bank bought a new position in TEGNA during the fourth quarter worth about $38,009,000. Gamco Investors INC. ET AL boosted its holdings in TEGNA by 18.7% during the first quarter. Gamco Investors INC. ET AL now owns 2,441,675 shares of the company's stock valued at $36,479,000 after purchasing an additional 384,687 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of TEGNA by 26.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,330,866 shares of the company's stock valued at $35,662,000 after purchasing an additional 484,658 shares during the period. Institutional investors own 92.19% of the company's stock.

Insiders Place Their Bets

In other news, CEO David T. Lougee sold 98,437 shares of TEGNA stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $13.98, for a total value of $1,376,149.26. Following the sale, the chief executive officer now directly owns 594,401 shares in the company, valued at $8,309,725.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TEGNA news, COO Lynn B. Trelstad sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $13.88, for a total transaction of $347,000.00. Following the transaction, the chief operating officer now owns 179,617 shares in the company, valued at approximately $2,493,083.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David T. Lougee sold 98,437 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $13.98, for a total value of $1,376,149.26. Following the sale, the chief executive officer now directly owns 594,401 shares in the company, valued at approximately $8,309,725.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,467 shares of company stock worth $1,723,563. Corporate insiders own 0.88% of the company's stock.

TEGNA Price Performance

Shares of TGNA traded down $0.04 during mid-day trading on Friday, hitting $15.16. 40,361,387 shares of the company traded hands, compared to its average volume of 2,336,803. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average of $14.58 and a 200 day moving average of $14.33. TEGNA Inc. has a one year low of $12.35 and a one year high of $16.56. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 5.30 and a beta of 0.49.

TEGNA (NYSE:TGNA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $710.36 million for the quarter, compared to analysts' expectations of $715.40 million. TEGNA had a return on equity of 11.57% and a net margin of 15.51%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. As a group, equities analysts expect that TEGNA Inc. will post 3.07 earnings per share for the current fiscal year.

TEGNA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.30%. TEGNA's payout ratio is 17.48%.

Wall Street Analyst Weigh In

Separately, Benchmark restated a "buy" rating and issued a $21.00 price target on shares of TEGNA in a research report on Thursday, August 8th.

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.