Insider Selling: Nexstar Media Group (NASDAQ:NXST) Insider Sells 261 Shares of Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Gary Weitman sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total value of $44,581.41. Following the sale, the insider directly owned 6,963 shares in the company, valued at $1,189,350.03. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was 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 stock was 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 Stock Performance

Shares of NASDAQ:NXST traded down $0.18 during trading on Tuesday, hitting $172.11. The stock had a trading volume of 347,259 shares, compared to its average volume of 321,549. The stock has a 50-day simple moving average of $190.81 and a two-hundred day simple moving average of $207.01. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 5.53. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 0.43 and a beta of 0.91. Nexstar Media Group, Inc. has a 12-month low of $164.00 and a 12-month high of $254.30.

Nexstar Media Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NXST. Wall Street Zen upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Benchmark decreased their price objective on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Finally, Citigroup raised Nexstar Media Group from a “neutral” rating to a “buy” rating and cut their target price for the stock from $252.00 to $220.00 in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Nexstar Media Group presently has an average rating of “Buy” and a consensus target price of $259.67.

More Nexstar Media Group News

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 Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. M&T Bank Corp raised its stake in Nexstar Media Group by 2,573.4% during the fourth quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock valued at $28,494,000 after buying an additional 134,871 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Nexstar Media Group by 3,648.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,995 shares of the company’s stock worth $13,197,000 after purchasing an additional 63,261 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Nexstar Media Group by 157.2% in the third quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock worth $73,960,000 after purchasing an additional 228,603 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 13,084 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Nexstar Media Group by 2.0% during the 3rd quarter. Victory Capital Management Inc. now owns 296,200 shares of the company’s stock valued at $58,571,000 after purchasing an additional 5,762 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

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.