Segall Bryant & Hamill LLC trimmed its holdings in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,717 shares of the company's stock after selling 42,869 shares during the period. Segall Bryant & Hamill LLC owned about 0.19% of TEGNA worth $5,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of TEGNA by 3.5% during the 3rd quarter. State Street Corp now owns 8,194,619 shares of the company's stock worth $129,991,000 after purchasing an additional 276,699 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of TEGNA by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,905,588 shares of the company's stock valued at $77,422,000 after buying an additional 238,696 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of TEGNA by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,873,167 shares of the company's stock worth $34,260,000 after buying an additional 93,894 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of TEGNA by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 911,617 shares of the company's stock worth $16,673,000 after acquiring an additional 20,129 shares in the last quarter. Finally, Capital Management Corp VA lifted its position in TEGNA by 4.8% during the fourth quarter. Capital Management Corp VA now owns 760,590 shares of the company's stock valued at $13,911,000 after acquiring an additional 34,785 shares during the last quarter. 92.19% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on TGNA shares. Wells Fargo & Company raised TEGNA from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $21.00 to $23.00 in a research report on Thursday, December 19th. Guggenheim reaffirmed a "buy" rating and set a $22.00 target price on shares of TEGNA in a research report on Friday, January 24th. Finally, StockNews.com downgraded TEGNA from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, TEGNA presently has an average rating of "Moderate Buy" and an average price target of $21.75.
Check Out Our Latest Stock Analysis on TGNA
TEGNA Stock Performance
Shares of NYSE TGNA traded up $0.17 during mid-day trading on Monday, hitting $18.26. The stock had a trading volume of 1,096,079 shares, compared to its average volume of 1,973,579. The firm has a market cap of $2.92 billion, a PE ratio of 6.45 and a beta of 0.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.60 and a current ratio of 2.60. The company has a 50 day moving average of $18.04 and a two-hundred day moving average of $17.58. TEGNA Inc. has a twelve month low of $12.35 and a twelve month high of $19.62.
TEGNA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, March 7th. TEGNA's dividend payout ratio (DPR) is presently 14.12%.
TEGNA Profile
(
Free Report)
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.
Further Reading
Before you consider TEGNA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TEGNA wasn't on the list.
While TEGNA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
