Gary Weitman Sells Shares in Nexstar Media Group

On June 16, 2026, Gary Weitman, Executive Vice President and Chief Communications Officer at Nexstar Media Group, Inc. (NasdaqGS: NXST), sold 261 shares of the company. The shares were sold at an average price of $170.81, resulting in a total transaction value of approximately $44,581.41. This transaction was not part of a pre-arranged trading plan.

Insider Buying and Selling at Nexstar Media Group, Inc.

Several other executives at Nexstar Media Group also sold shares on June 16, 2026. Andrew Alford, President of Broadcasting, sold 746 shares, while Blake Russell, EVP of Operations, sold 261 shares. Brett Jenkins, EVP of Chief Technology & Digital Officer, sold 301 shares, and Dana Zimmer, President of Distribution & Strategy, sold 876 shares. Lee Ann Gliha, EVP and Chief Financial Officer, sold 373 shares. All transactions occurred at an average price of $170.81.

Other Institutional Activity in Nexstar Media Group

BlackRock, Inc. grew its holdings in Nexstar by 35,365 shares, ending with 3,217,716 shares valued at about $581.86 million. Vanguard Portfolio Management LLC established a new position with 1,433,495 shares worth approximately $259.22 million. Dimensional Fund Advisors LP trimmed its stake by 13,842 shares, holding 1,388,430 shares valued at $251.09 million. LSV Asset Management reduced its holdings by 68,637 shares, totaling 1,008,316 shares worth $182.33 million.

Nexstar Media Group, Inc. Stock Down 6.1%

Nexstar Media Group shares are currently trading around $172.11. The company boasts a market capitalization of approximately $5.26 billion and a forward P/E ratio of 7.12. Its beta is 0.9, suggesting relatively low volatility compared to the market. Over the past year, NXST stock has ranged from a low of $164.00 to a high of $254.30. The stock's 50-day moving average is $191.62, while the 200-day moving average stands at $203.95.

Recent Earnings

Nexstar Media Group reported revenue of about $5.11 billion, with 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%. The next earnings report is scheduled for August 6, 2026.

Dividend

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

Analysts Set New Price Targets

On May 8, 2026, Wells Fargo maintained its 'buy' rating for Nexstar Media Group with a price target of $253. Barrington Research also maintained a 'buy' rating, setting a target of $290 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' rating, with a mean target price of $251.63 based on 8 analyst opinions.

About Nexstar Media Group

Nexstar Media Group, Inc. is a major player in the communication services sector, specifically within broadcasting. Headquartered in Irving, Texas, the company is led by CEO Perry A. Sook. Nexstar operates a diverse media platform, producing and distributing local and national news, sports, and entertainment content across television and digital platforms in the U.S. It owns and operates numerous television stations and also provides digital media solutions.

Bottom Line

Gary Weitman's recent sale of Nexstar Media Group shares is part of broader insider activity at the company. Investors often track these transactions for potential insights, but it's important to remember that such trades may not necessarily predict future stock performance. Nexstar Media Group continues to be a strong presence in the media industry, with analysts maintaining positive ratings on its stock.