Tegna Inc Stock Today
| TGNA Stock | USD 18.52 0.41 2.26% |
Performance14 of 100
| Odds Of DistressLess than 1
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Tegna is trading at 18.52 as of the 21st of November 2024, a 2.26 percent increase since the beginning of the trading day. The stock's open price was 18.11. Tegna has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Note, on July 21, 2020, Representative Donna Shalala of US Congress acquired $15k to $50k worth of Tegna Inc's common stock.
Business Domain Media & Entertainment | IPO Date 1st of July 1985 | Category Communication Services |
TEGNA Inc. operates as a media company in the United States. TEGNA Inc. was founded in 1906 and is headquartered in Tysons, Virginia. Tegna operates under Broadcasting classification in the United States and is traded on New York Stock Exchange. It employs 6200 people. The company has 161.12 M outstanding shares of which 11.79 M shares are at this time shorted by private and institutional investors with about 8.52 trading days to cover. More on Tegna Inc
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Tegna Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO and Presidentident | Michael Steib | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Broadcasting, Media & Entertainment, Communication Services, NYSE Composite, SP Small-Cap 600, Communication Services, Media, Broadcasting, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsTegna can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Tegna's financial leverage. It provides some insight into what part of Tegna's total assets is financed by creditors.
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Tegna Inc (TGNA) is traded on New York Stock Exchange in USA. It is located in 8350 Broad Street, Tysons, VA, United States, 22102-5151 and employs 6,200 people. Tegna is listed under Broadcasting category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.92 B. Tegna Inc conducts business under Media sector and is part of Communication Services industry. The entity has 161.12 M outstanding shares of which 11.79 M shares are at this time shorted by private and institutional investors with about 8.52 trading days to cover.
Tegna Inc currently holds about 200.77 M in cash with 587.25 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.9.
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Ownership AllocationThe majority of Tegna Inc outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Tegna to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Tegna Inc. Please pay attention to any change in the institutional holdings of Tegna Inc as this could imply that something significant has changed or is about to change at the company. On July 21, 2020, Representative Donna Shalala of US Congress acquired $15k to $50k worth of Tegna Inc's common stock.
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Tegna Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Bank Of New York Mellon Corp | 2024-06-30 | 2.6 M | |
| Gamco Investors, Inc. Et Al | 2024-06-30 | 2.5 M | |
| Fuller & Thaler Asset Management Inc | 2024-09-30 | 2.5 M | |
| Goldman Sachs Group Inc | 2024-06-30 | 2.3 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 1.8 M | |
| Citadel Advisors Llc | 2024-06-30 | 1.7 M | |
| State Of Wisconsin Investment Board | 2024-06-30 | 1.3 M | |
| Norges Bank | 2024-06-30 | 1.3 M | |
| Gabelli Funds Llc | 2024-09-30 | 1.2 M | |
| Vanguard Group Inc | 2024-09-30 | 26.1 M | |
| Blackrock Inc | 2024-06-30 | 23 M |
Tegna Historical Income Statement
Tegna Stock Against Markets
Tegna Corporate Directors
| Henry McGee | Independent Director | Profile | |
| Lidia Fonseca | Independent Director | Profile | |
| Melinda Witmer | Independent Director | Profile | |
| Gina Bianchini | Independent Director | Profile |
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Is Broadcasting space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tegna. If investors know Tegna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tegna listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.861 | Dividend Share 0.478 | Earnings Share 2.86 | Revenue Per Share 16.9 | Quarterly Revenue Growth 0.131 |
The market value of Tegna Inc is measured differently than its book value, which is the value of Tegna that is recorded on the company's balance sheet. Investors also form their own opinion of Tegna's value that differs from its market value or its book value, called intrinsic value, which is Tegna's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tegna's market value can be influenced by many factors that don't directly affect Tegna's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tegna's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tegna is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tegna's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.