Nexstar Media Group (NASDAQ:NXST) Insider Gary Weitman Sells 261 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Gary Weitman sold 261 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $170.81, for a total value of $44,581.41. Following the completion of the transaction, the insider directly owned 6,963 shares in the company, valued at $1,189,350.03. This represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gary Weitman also recently made the following trade(s):

• On Friday, June 12th, Gary Weitman sold 194 shares of Nexstar Media Group stock. The shares were sold at an average price of $174.21, for a total value of $33,796.74.
• On Thursday, June 4th, Gary Weitman sold 319 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total value of $58,191.98.
• On Wednesday, May 27th, Gary Weitman sold 184 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total value of $34,466.88.

Nexstar Media Group Price Performance

NASDAQ NXST opened at $172.11 on Wednesday. The stock has a market capitalization of $5.26 billion, a P/E ratio of 36.93, a P/E/G ratio of 0.43 and a beta of 0.91. Nexstar Media Group, Inc. has a 1 year low of $164.00 and a 1 year high of $254.30. The business’s fifty day moving average is $190.81 and its two-hundred day moving average is $207.01. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.76 and a current ratio of 1.76.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $1.86 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $7.44 annualized dividend and a dividend yield of 4.3%. Nexstar Media Group’s dividend payout ratio is currently 159.66%.

Key Stories Impacting Nexstar Media Group

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Shareholders approved all proposals at Nexstar’s 2026 annual meeting, including board elections, executive pay, auditor ratification, and the 2026 long-term incentive plan. This removes an overhang and signals shareholder backing of management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
• Positive Sentiment: Nexstar’s TEGNA-owned Locked On Podcast Network said it is on track to reach 1 billion listens, views, and social engagements by the end of 2026, highlighting strong audience growth and engagement in digital media. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
• Neutral Sentiment: Multiple Nexstar executives, including the CFO, COO, and several EVPs, sold shares at the same price to cover tax withholding tied to vesting equity awards. These sales were routine and disclosed in SEC filings, but the volume of insider selling may still weigh on sentiment. SEC filing
• Neutral Sentiment: Over the past six months, insiders have sold NXST shares repeatedly with no reported open-market purchases, which can raise caution among investors even though the transactions appear compensation-related. Insider buying and selling alert

Institutional Trading of Nexstar Media Group

Large investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its stake in Nexstar Media Group by 2,573.4% during the 4th quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock valued at $28,494,000 after purchasing an additional 134,871 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Nexstar Media Group by 3,648.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,995 shares of the company’s stock valued at $13,197,000 after purchasing an additional 63,261 shares during the period. JPMorgan Chase & Co. raised its stake in Nexstar Media Group by 157.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock valued at $73,960,000 after purchasing an additional 228,603 shares during the period. Geode Capital Management LLC grew its holdings in shares of Nexstar Media Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock valued at $157,114,000 after acquiring an additional 13,084 shares in the last quarter. Finally, Dorsal Capital Management LP purchased a new position in shares of Nexstar Media Group during the 3rd quarter valued at $74,152,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NXST has been the topic of several research reports. Benchmark dropped their price target on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and cut their target price for the company from $252.00 to $220.00 in a research note on Friday, April 10th. Zacks Research raised shares of Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, Barrington Research reissued an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nexstar Media Group currently has a consensus rating of “Buy” and a consensus price target of $259.67.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.