Crossmark Global Holdings Inc. Has $9.55 Million Stock Holdings in TEGNA Inc. (NYSE:TGNA)

Crossmark Global Holdings Inc. decreased its stake in shares of TEGNA Inc. (NYSE:TGNA) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 522,220 shares of the company’s stock after selling 7,441 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.32% of TEGNA worth $9,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TGNA. GAMMA Investing LLC lifted its stake in TEGNA by 59.0% in the 4th quarter. GAMMA Investing LLC now owns 2,040 shares of the company’s stock valued at $37,000 after purchasing an additional 757 shares during the last quarter. US Bancorp DE increased its holdings in shares of TEGNA by 20.4% during the 3rd quarter. US Bancorp DE now owns 4,503 shares of the company’s stock worth $71,000 after acquiring an additional 764 shares during the last quarter. Sanctuary Advisors LLC raised its stake in TEGNA by 7.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,994 shares of the company’s stock valued at $284,000 after acquiring an additional 1,239 shares during the period. Covestor Ltd lifted its holdings in TEGNA by 20.8% during the 3rd quarter. Covestor Ltd now owns 8,852 shares of the company’s stock valued at $140,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in TEGNA during the third quarter worth $28,000. Institutional investors own 92.19% of the company’s stock.

Analyst Ratings Changes

TGNA has been the topic of several research analyst reports. Benchmark increased their price target on shares of TEGNA from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded TEGNA from a “hold” rating to a “buy” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. lifted their price target on TEGNA from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company raised shares of TEGNA from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $21.00 to $23.00 in a research report on Thursday, December 19th.

Insider Activity at TEGNA

In other news, COO Lynn B. Trelstad sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $16.40, for a total value of $410,000.00. Following the transaction, the chief operating officer now owns 154,617 shares in the company, valued at $2,535,718.80. This trade represents a 13.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by insiders.

TEGNA Trading Down 0.8 %

Shares of TEGNA stock opened at $17.84 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.60 and a current ratio of 2.60. TEGNA Inc. has a 52 week low of $12.35 and a 52 week high of $19.62. The stock has a 50 day moving average price of $18.39 and a two-hundred day moving average price of $16.36. The stock has a market capitalization of $2.87 billion, a PE ratio of 6.30 and a beta of 0.52.

TEGNA (NYSE:TGNA) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.11. TEGNA had a net margin of 16.75% and a return on equity of 14.49%. The business had revenue of $806.83 million during the quarter, compared to the consensus estimate of $795.72 million. During the same quarter last year, the firm posted $0.39 EPS. TEGNA’s revenue was up 13.1% compared to the same quarter last year. As a group, equities analysts anticipate that TEGNA Inc. will post 3.02 earnings per share for the current fiscal year.

TEGNA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a $0.125 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.80%. TEGNA’s dividend payout ratio is presently 17.67%.

TEGNA Company 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.