Nexstar EVP Brett Jenkins Sells Company Shares

Brett Jenkins, Executive Vice President and Chief Technology & Digital Officer at Nexstar Media Group, Inc. (NasdaqGS: NXST), sold 301 shares of the company on June 16, 2026. The transaction was valued at $51,413, with the shares sold at an average price of $170.81 each. This sale was not part of a pre-planned trading program.

Insider Buying and Selling at Nexstar Media Group, Inc.

On June 16, 2026, several other executives at Nexstar Media Group also sold shares. Andrew Alford, President of Broadcasting, sold 746 shares, while Blake Russell, EVP of Operations, sold 261 shares. Dana Zimmer, President of Distribution & Strategy, sold 876 shares, and Gary Weitman, EVP and Chief Communications Officer, sold 261 shares. Lee Ann Gliha, EVP and Chief Financial Officer, also sold 373 shares. All transactions were conducted at a price of $170.81 per share and were not planned sales.

Other Institutional Activity in Nexstar Media Group

BlackRock, Inc. boosted its holdings in Nexstar Media Group by 35,365 shares, ending with 3,217,716 shares valued at approximately $581.86 million. Vanguard Portfolio Management LLC initiated a new position, acquiring 1,433,495 shares worth about $259.22 million. Meanwhile, Dimensional Fund Advisors LP reduced its stake by 13,842 shares, leaving it with 1,388,430 shares valued at $251.09 million. LSV Asset Management trimmed its holdings by 68,637 shares, resulting in 1,008,316 shares worth $182.33 million. Charles Schwab Investment Management Inc. also cut its position by 195,329 shares, ending with 986,398 shares valued at $178.37 million.

Nexstar Media Group, Inc. Stock Down 6.1%

Shares of Nexstar Media Group traded near $172.11 recently. The company has a market capitalization of approximately $5.26 billion and a price-to-earnings (P/E) ratio of 36.58. Its forward P/E ratio is more attractive at 7.12. The stock's beta is 0.9, indicating lower volatility compared to the market. Over the past year, the stock has traded between $164.00 and $254.30. It has a 50-day moving average of $191.62 and a 200-day moving average of $203.95.

Recent Earnings

Nexstar Media Group reported revenue of $5.11 billion, reflecting a growth rate of 13.1%. The company's earnings per share (EPS) stood at $4.71, with a net margin of 3.23% and a return on equity (ROE) of 6.61%. Nexstar is scheduled to announce its next earnings on August 6, 2026.

Dividend

Nexstar Media Group pays an annual dividend of $7.44 per share, yielding 4.32%. The company's dividend payout ratio is 157.63%.

Analysts Set New Price Targets

Analysts have been optimistic about Nexstar Media Group, with Wells Fargo maintaining a 'buy' rating and setting a price target of $253 on May 8, 2026. Barrington Research has also maintained a 'buy' rating, with a target of $290 set on April 28, 2026. Citigroup upgraded the stock to 'buy' with a target of $220 on April 10, 2026. The consensus among analysts is a 'buy', with a target mean price of $251.63 based on eight analyst opinions.

About Nexstar Media Group

Nexstar Media Group, Inc. is a leading diversified media company based in Irving, Texas. It operates television and digital platforms, delivering local and national news, sports, and entertainment content across the United States. Nexstar owns and operates numerous television and radio stations and offers digital media solutions to advertisers and media publishers. The company also owns NewsNation, a national cable news network, and various digital assets such as local websites and mobile applications. Nexstar was founded in 1996 and is led by CEO Perry A. Sook.

Bottom Line

Insider transactions, like the recent sales by Nexstar executives, provide investors with insights into how company leaders view the stock's valuation. While these trades are not indicative of future performance, they are worth noting. Nexstar Media Group continues to be a significant player in the media sector, with a solid market position and positive analyst sentiment.