Nexstar Media Group EVP Gary Weitman Sells Shares

On June 12, 2026, Gary Weitman, the Executive Vice President and Chief Communications Officer of Nexstar Media Group, Inc. (NasdaqGS: NXST), sold 194 shares of the company. The transaction was valued at approximately $33,796.74, with the shares sold at an average price of $174.21 each. This sale was not part of a pre-planned trading program.

Insider Buying and Selling at Nexstar Media Group, Inc.

In addition to Gary Weitman, several other executives at Nexstar Media Group recently sold shares. Michael Biard, President & COO, sold 1,227 shares on the same day. Earlier, on June 10, 2026, Blake Russell, EVP of Operations, Andrew Alford, President of Broadcasting, Dana Zimmer, President of Distribution & Strategy, and Brett Jenkins, EVP of Technology & Digital, all sold shares ranging from 239 to 915 shares each.

Other Institutional Activity in Nexstar Media Group

Institutional investors have been active in Nexstar Media Group as well. BlackRock, Inc. increased its holdings by 35,365 shares, bringing its total to 3,217,716 shares valued at approximately $581.9 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both made significant additions, ending with 1,433,495 and 1,285,723 shares, respectively. In contrast, Dimensional Fund Advisors LP and LSV Asset Management reduced their positions, with Dimensional cutting 13,842 shares to hold 1,388,430 shares and LSV trimming 68,637 shares to hold 1,008,316 shares.

Nexstar Media Group Stock Snapshot

Shares of Nexstar Media Group are trading near $174.95. The company has a market capitalization of about $5.26 billion and a P/E ratio of 36.58. It has a forward P/E of 7.12 and a beta of 0.9, indicating lower volatility compared to the market. The stock's 52-week range is between $164.00 and $254.30, with a 50-day moving average of $191.62 and a 200-day moving average of $203.95. The company 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 with a growth rate of 13.1%. The company's net margin stands at 3.23%, and it achieved a return on equity of 6.61%. Earnings per share (EPS) were reported at $4.71. The next earnings report is expected on August 6, 2026.

Dividend

Nexstar Media Group offers an annual dividend rate of $7.44, yielding 4.32%. The dividend payout ratio is high at 157.63%, reflecting a substantial return to shareholders.

Analysts Set New Price Targets

Analysts have recently set new price targets for Nexstar Media Group. On May 8, 2026, Wells Fargo maintained a 'buy' rating with a target of $253. Barrington Research, on April 28, 2026, also maintained a 'buy' rating with a target of $290. Citigroup upgraded the stock to 'buy' on April 10, 2026, with a target of $220. The consensus target price is around $251.63 from eight analyst opinions.

About Nexstar Media Group

Nexstar Media Group, Inc. is a major player in the communication services sector, specializing in broadcasting. Based in Irving, Texas, and led by CEO Perry A. Sook, the company operates television and radio stations across the United States, offering local and national news, sports, and entertainment. Nexstar's digital assets include numerous websites and mobile applications, and it owns the national cable news network NewsNation.

Bottom Line

Gary Weitman's recent sale of Nexstar Media Group shares is part of a broader trend of insider selling. The stock trades near its 52-week low, while analysts remain optimistic with high price targets. Investors will be watching upcoming earnings closely for further insights into the company's performance. Remember, insider transactions provide a snapshot of past actions and may not indicate current or future intentions.