Mcdonald Partners LLC Has $806,000 Stock Holdings in TEGNA Inc. (NYSE:TGNA)

Mcdonald Partners LLC increased its position in shares of TEGNA Inc. (NYSE:TGNA) by 45.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,050 shares of the company’s stock after acquiring an additional 13,800 shares during the quarter. Mcdonald Partners LLC’s holdings in TEGNA were worth $806,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Kestra Investment Management LLC lifted its stake in shares of TEGNA by 37.0% during the fourth quarter. Kestra Investment Management LLC now owns 61,795 shares of the company’s stock valued at $1,130,000 after acquiring an additional 16,679 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of TEGNA in the fourth quarter worth about $232,000. Sanctuary Advisors LLC increased its holdings in shares of TEGNA by 16.5% in the fourth quarter. Sanctuary Advisors LLC now owns 20,965 shares of the company’s stock worth $385,000 after acquiring an additional 2,971 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of TEGNA by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 911,617 shares of the company’s stock worth $16,673,000 after acquiring an additional 20,129 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of TEGNA in the fourth quarter worth about $3,381,000. Institutional investors and hedge funds own 92.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TGNA. JPMorgan Chase & Co. increased 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. StockNews.com upgraded TEGNA from a “hold” rating to a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company upgraded TEGNA from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $21.00 to $23.00 in a research note on Thursday, December 19th. Guggenheim restated a “buy” rating and set a $22.00 price objective on shares of TEGNA in a research note on Friday, January 24th. Finally, Benchmark boosted their price target on TEGNA from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, TEGNA currently has a consensus rating of “Moderate Buy” and an average target price of $21.75.

TEGNA Trading Up 0.1 %

NYSE TGNA opened at $18.16 on Tuesday. The business’s 50-day moving average price is $18.27 and its two-hundred day moving average price is $16.73. TEGNA Inc. has a 12 month low of $12.35 and a 12 month high of $19.62. The firm has a market capitalization of $2.93 billion, a PE ratio of 6.42 and a beta of 0.52. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.07.

TEGNA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.75%. TEGNA’s dividend payout ratio (DPR) 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.