712 Shares in Nexstar Media Group, Inc. $NXST Bought by Johnson Financial Group Inc.

Johnson Financial Group Inc. acquired a new position in Nexstar Media Group, Inc. (NASDAQ:NXST) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 712 shares of the company’s stock, valued at approximately $123,000.

Several other institutional investors also recently made changes to their positions in NXST. Dimensional Fund Advisors LP increased its holdings in shares of Nexstar Media Group by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,341,899 shares of the company’s stock valued at $240,481,000 after purchasing an additional 10,544 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Nexstar Media Group by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,138,064 shares of the company’s stock worth $203,964,000 after buying an additional 35,938 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Nexstar Media Group by 32.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company’s stock valued at $144,110,000 after buying an additional 195,574 shares in the last quarter. Northern Trust Corp lifted its position in shares of Nexstar Media Group by 7.9% during the 1st quarter. Northern Trust Corp now owns 499,896 shares of the company’s stock valued at $89,591,000 after acquiring an additional 36,757 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Nexstar Media Group by 71,715.8% during the 1st quarter. Jones Financial Companies Lllp now owns 394,987 shares of the company’s stock valued at $70,790,000 after acquiring an additional 394,437 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Nexstar Media Group Stock Up 0.6%

Shares of NASDAQ:NXST opened at $192.24 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.80. Nexstar Media Group, Inc. has a 52-week low of $141.66 and a 52-week high of $223.36. The stock’s fifty day simple moving average is $193.65 and its 200-day simple moving average is $188.74. The company has a market capitalization of $5.83 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.40 and a beta of 0.99.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.14 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.48). Nexstar Media Group had a return on equity of 28.40% and a net margin of 11.90%.The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business posted $5.27 EPS. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. As a group, equities research analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, November 12th. Nexstar Media Group’s payout ratio is currently 46.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, November 17th. Zacks Research raised Nexstar Media Group to a “hold” rating in a report on Friday, August 8th. Barrington Research restated an “outperform” rating and issued a $225.00 price target on shares of Nexstar Media Group in a research report on Tuesday, August 19th. Benchmark boosted their price objective on shares of Nexstar Media Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Citigroup lowered their price objective on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating on the stock in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $222.38.

Nexstar Media Group Profile

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.