Nexstar Media Group's President Sells Shares

Michael Biard, the President and Chief Operating Officer of Nexstar Media Group, Inc. (NasdaqGS: NXST), sold 1,227 shares of the company on June 12, 2026. The transaction was valued at approximately $213,755, with shares sold at an average price of $174.21. This insider sale was not part of a pre-planned trading program.

Other Institutional Activity in Nexstar Media Group

Several institutional investors have been active in Nexstar Media Group. BlackRock, Inc. increased its holdings by 35,365 shares, bringing its total to 3,217,716 shares worth about $581.9 million. Vanguard Portfolio Management LLC initiated a position with 1,433,495 shares valued at $259.2 million. Conversely, Dimensional Fund Advisors LP trimmed its stake by 13,842 shares, holding 1,388,430 shares now valued at $251.1 million. LSV Asset Management reduced its position by 68,637 shares, ending with 1,008,316 shares worth $182.3 million.

Nexstar Media Group Stock Snapshot

Shares of Nexstar Media Group are trading at $174.95. The company has a market capitalization of approximately $5.26 billion. Its P/E ratio is 36.58, while the forward P/E is a more modest 7.12, indicating expectations of future earnings growth. Nexstar's stock has experienced a 52-week range from $164.00 to $254.30. The company's 50-day moving average is $191.62, and the 200-day moving average is $203.95. Nexstar maintains a current ratio of 1.76 and a quick ratio of 1.57, with a debt-to-equity ratio of 576.20.

Recent Earnings

Nexstar Media Group reported revenue of $5.11 billion, reflecting a growth rate of 13.1%. The company's earnings per share (EPS) stood at $4.71. Nexstar achieved a net margin of 3.23% and a return on equity (ROE) of 6.61%. The next earnings report is expected on August 6, 2026.

Dividend

Nexstar offers an annual dividend rate of $7.44 per share, yielding 4.32% at current prices. The company's dividend payout ratio is notably high at 157.63%, suggesting a significant portion of earnings is returned to shareholders.

Insider Buying and Selling at Nexstar Media Group, Inc.

On June 12, 2026, Michael Biard, President & COO, sold 1,227 shares at an average price of $174.21. On the same day, Gary Weitman, EVP & Chief Communications Officer, sold 194 shares, also at $174.21. Earlier, on June 10, Blake Russell, EVP of Operations, sold 239 shares at $176.42, alongside Andrew Alford, President of Broadcasting, who sold 778 shares, and Dana Zimmer, President of Distribution & Strategy, who sold 915 shares. Brett Jenkins, EVP & Chief Technology & Digital Officer, also sold 284 shares at the same price.

Analysts Set New Price Targets

Analysts remain optimistic about Nexstar Media Group. On May 8, 2026, Wells Fargo maintained a 'buy' rating with a target price of $253. Barrington Research reaffirmed its 'buy' rating with a target of $290 on April 28. Citigroup upgraded the stock to 'buy' with a $220 target on April 10. Benchmark also maintained a 'buy' rating, setting a target price of $250 on April 6. The consensus among analysts is a 'buy' recommendation, with an average target price of $251.63 based on eight analyst opinions.

About Nexstar Media Group

Nexstar Media Group, Inc., headquartered in Irving, Texas, is a leading diversified media company. It operates television and radio stations, offering local and national news, sports, and entertainment content. Nexstar also provides digital media solutions and owns NewsNation, a national cable news network. The company was founded in 1996 and is led by CEO Perry A. Sook. Its digital assets include numerous local websites and mobile applications, serving as affiliates to major networks like ABC, NBC, FOX, and CBS.

Bottom Line

Nexstar Media Group remains a significant player in the broadcasting sector, with insider transactions indicating active management of personal portfolios. Investors often watch these moves, but it's important to remember that insider sales can occur for many reasons. The company's robust market position and favorable analyst ratings suggest it continues to be closely followed by the investment community.