Moran Wealth Management LLC Sells 15,862 Shares of TEGNA Inc. $TGNA

Moran Wealth Management LLC lessened its stake in TEGNA Inc. (NYSE:TGNA) by 12.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 116,315 shares of the company’s stock after selling 15,862 shares during the period. Moran Wealth Management LLC’s holdings in TEGNA were worth $1,949,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in TEGNA by 51.5% in the first quarter. Millennium Management LLC now owns 2,548,981 shares of the company’s stock worth $46,442,000 after purchasing an additional 866,970 shares during the period. Nuveen LLC bought a new stake in TEGNA in the 1st quarter valued at $15,492,000. Deutsche Bank AG raised its stake in shares of TEGNA by 383.6% in the 1st quarter. Deutsche Bank AG now owns 756,941 shares of the company’s stock valued at $13,791,000 after buying an additional 600,407 shares in the last quarter. Jane Street Group LLC raised its stake in shares of TEGNA by 193.0% in the 1st quarter. Jane Street Group LLC now owns 573,255 shares of the company’s stock valued at $10,445,000 after buying an additional 377,578 shares in the last quarter. Finally, New Vernon Capital Holdings II LLC bought a new position in shares of TEGNA during the 1st quarter worth about $6,029,000. 92.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of TEGNA in a research note on Wednesday, October 8th. 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 note on Sunday, August 10th. Zacks Research downgraded TEGNA from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Finally, Guggenheim reiterated a “neutral” rating and issued a $19.00 price target on shares of TEGNA in a research report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, TEGNA currently has a consensus rating of “Hold” and a consensus target price of $19.75.

TEGNA Trading Down 0.7%

Shares of TGNA opened at $19.88 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 7.15 and a beta of 0.25. The stock has a fifty day moving average price of $20.49 and a two-hundred day moving average price of $18.01. TEGNA Inc. has a 52-week low of $14.87 and a 52-week high of $21.35.

TEGNA (NYSE:TGNA) last announced its earnings results on Thursday, August 7th. The company reported $0.44 EPS for the quarter, topping 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 company had revenue of $675.05 million for the quarter, compared to analysts’ expectations of $673.92 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. TEGNA has set its Q3 2025 guidance at EPS. Analysts predict that TEGNA Inc. will post 3.02 EPS for the current fiscal year.

TEGNA Announces Dividend

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

TEGNA Profile

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.