Capital Management Corp VA boosted its holdings in TEGNA Inc. (NYSE:TGNA - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 760,590 shares of the company's stock after purchasing an additional 34,785 shares during the quarter. TEGNA comprises 2.5% of Capital Management Corp VA's investment portfolio, making the stock its 14th largest holding. Capital Management Corp VA owned 0.47% of TEGNA worth $13,911,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of TGNA. Jones Financial Companies Lllp purchased a new stake in TEGNA in the 4th quarter valued at $27,000. Harbor Capital Advisors Inc. purchased a new stake in TEGNA in the 3rd quarter valued at $28,000. Smartleaf Asset Management LLC raised its position in TEGNA by 95.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,702 shares of the company's stock valued at $31,000 after purchasing an additional 832 shares during the last quarter. GAMMA Investing LLC raised its position in 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 purchasing an additional 757 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in TEGNA in the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 92.19% of the company's stock.
TEGNA Price Performance
Shares of NYSE:TGNA traded up $0.16 on Friday, reaching $17.80. 1,807,831 shares of the company were exchanged, compared to its average volume of 1,874,373. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.07. TEGNA Inc. has a 1-year low of $12.35 and a 1-year high of $19.62. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 6.29 and a beta of 0.45. The company has a 50-day moving average of $18.06 and a 200-day moving average of $17.10.
TEGNA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, March 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.81%. TEGNA's dividend payout ratio (DPR) is presently 14.12%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Wells Fargo & Company upgraded shares of TEGNA from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $21.00 to $23.00 in a research report on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on shares of TEGNA from $16.00 to $19.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. StockNews.com downgraded shares of TEGNA from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Guggenheim restated a "buy" rating and set a $22.00 price objective on shares of TEGNA in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, TEGNA currently has an average rating of "Moderate Buy" and an average target price of $21.75.
Check Out Our Latest Report on TGNA
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.
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