TEGNA Inc. $TGNA Shares Sold by Kiker Wealth Management LLC

Kiker Wealth Management LLC lowered its position in shares of TEGNA Inc. (NYSE:TGNA) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,164 shares of the company’s stock after selling 1,682 shares during the quarter. Kiker Wealth Management LLC’s holdings in TEGNA were worth $1,310,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TGNA. GAMMA Investing LLC grew its holdings in shares of TEGNA by 53.3% during the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock worth $57,000 after buying an additional 1,088 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of TEGNA by 13,896.4% during the second quarter. TD Private Client Wealth LLC now owns 3,919 shares of the company’s stock worth $66,000 after purchasing an additional 3,891 shares during the period. Amundi increased its holdings in shares of TEGNA by 1,507.5% in the 1st quarter. Amundi now owns 4,067 shares of the company’s stock worth $74,000 after acquiring an additional 3,814 shares during the period. Blue Trust Inc. grew its position in TEGNA by 26.0% in the 1st quarter. Blue Trust Inc. now owns 4,227 shares of the company’s stock valued at $77,000 after buying an additional 873 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of TEGNA during the 1st quarter valued at about $86,000. Hedge funds and other institutional investors own 92.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TGNA. Guggenheim reaffirmed a “neutral” rating and set a $19.00 price objective on shares of TEGNA in a research report on Friday, August 22nd. Wells Fargo & Company reiterated an “overweight” rating and issued a $22.00 price objective (up from $21.00) on shares of TEGNA in a research report on Sunday, August 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TEGNA in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.75.

TEGNA Stock Performance

NYSE:TGNA opened at $20.07 on Tuesday. The stock’s 50-day simple moving average is $20.35 and its 200 day simple moving average is $17.98. The firm has a market capitalization of $3.23 billion, a PE ratio of 7.22 and a beta of 0.25. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. TEGNA Inc. has a twelve month low of $14.87 and a twelve month high of $21.35.

TEGNA (NYSE:TGNA) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. TEGNA had a return on equity of 16.20% and a net margin of 14.99%.The business had revenue of $675.05 million for the quarter, compared to analyst estimates of $673.92 million. During the same period last year, the firm posted $0.50 earnings per share. TEGNA’s revenue was down 5.0% compared to the same quarter last year. TEGNA has set its Q3 2025 guidance at EPS. On average, analysts anticipate that TEGNA Inc. will post 3.02 EPS for the current fiscal year.

TEGNA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 5th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. TEGNA’s payout ratio is presently 17.99%.

About TEGNA

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.