Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) is expected to pay $0.18 on Dec 15, 2016. The indicated annual dividend is $0.72. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Sinclair Broadcast Group, Inc.’s current price of $32.35, the dividend is 0.56%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 4, 2016. The stock increased 1.25% or $0.4 on November 25, hitting $32.35. Sinclair Broadcast Group Inc (NASDAQ:SBGI) has declined 0.98% since April 25, 2016 and is downtrending. It has underperformed by 6.99% the S&P500.
Sinclair Broadcast Group, Inc. is a television broadcasting company. The company has a market cap of $2.97 billion. The Firm owns or provides certain programming, operating or sales services to television stations in the United States. It has a 16.86 P/E ratio. The Company’s divisions include Broadcast, Other and Corporate.
Insitutional Activity: The institutional sentiment increased to 0.97 in Q2 2016. Its up 0.02, from 0.95 in 2016Q1. The ratio is positive, as 30 funds sold all Sinclair Broadcast Group Inc shares owned while 74 reduced positions. 32 funds bought stakes while 67 increased positions. They now own 64.03 million shares or 6.22% less from 68.27 million shares in 2016Q1.
Phoenix Investment Adviser Ltd Liability reported 26,000 shares or 0.72% of all its holdings. Orrstown Financial Ser holds 500 shares or 0.02% of its portfolio. Credit Suisse Ag has invested 0% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Teachers Advsrs Inc owns 130,159 shares or 0.01% of their US portfolio. Affinity Invest Advsr last reported 0.02% of its portfolio in the stock. The Missouri-based Smith Moore has invested 0.17% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Franklin Resource accumulated 109,532 shares or 0% of the stock. Edge Asset Management accumulated 0.41% or 1.53 million shares. Next Fincl Gp Incorporated last reported 300 shares in the company. Stratos Wealth Prtn Ltd last reported 0.02% of its portfolio in the stock. Wellington Mgmt Group Limited Liability Partnership accumulated 33,104 shares or 0% of the stock. The New York-based Manning & Napier Advsrs Ltd Liability has invested 0.65% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Tradewinds Cap Mngmt Ltd Liability has invested 0% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Citigroup reported 16,453 shares or 0% of all its holdings. State Street has 1.19 million shares for 0% of their US portfolio.
Insider Transactions: Since October 5, 2016, the stock had 0 insider buys, and 2 sales for $217,092 net activity. $159,832 worth of Sinclair Broadcast Group Inc (NASDAQ:SBGI) was sold by MCCANNA LAWRENCE E on Tuesday, November 22.
Sinclair Broadcast Group Inc (NASDAQ:SBGI) Ratings Coverage
Out of 4 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sinclair Broadcast Group Inc has been the topic of 9 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Stephens given on Wednesday, November 18. The rating was upgraded by Stephens on Thursday, November 3 to “Overweight”. Benchmark maintained the shares of SBGI in a report on Thursday, November 5 with “Buy” rating. The rating was maintained by Wedbush on Friday, January 29 with “Outperform”. The firm earned “Outperform” rating on Tuesday, September 27 by Wedbush. The company was maintained on Tuesday, November 10 by RBC Capital Markets.
More important recent Sinclair Broadcast Group Inc (NASDAQ:SBGI) news were published by: Fool.com which released: “Why Sinclair Broadcast Group Inc Stock Slipped Today” on September 20, 2016, also Wsj.com published article titled: “Sinclair Broadcast Group to Acquire Tennis Channel”, Prnewswire.com published: “Sinclair Broadcast Group Enters Into Retransmission Consent Agreement With Comcast” on August 03, 2016. More interesting news about Sinclair Broadcast Group Inc (NASDAQ:SBGI) was released by: Baltimoresun.com and their article: “Sinclair Broadcast Group makes Fortune 1000 list for first time” with publication date: June 22, 2016.
SBGI Company Profile
Sinclair Broadcast Group, Inc., incorporated on November 19, 1986, is a television broadcasting company. The Firm owns or provides certain programming, operating or sales services to television stations in the United States. The Company’s divisions include Broadcast, Other and Corporate. The Broadcast segment consists of all of its television stations. The Other segment primarily consists of original networks and content, digital and Internet solutions, technical services and other non-media investments. The Firm owns and provides programming and operating services pursuant to local marketing agreements (LMAs), or provides sales services and other non-programming operating services pursuant to joint sales agreements (JSA) and shared services agreements (SSA) to approximately 160 stations in over 80 markets. These stations broadcast over 440 channels, including 215 channels affiliated with primary networks or program service providers comprising FOX (47), ABC (32), CBS (29), NBC (23), CW (44), MyNetworkTV (MNT) (34) and Univision (6). Over 230 channels broadcast programming from Antenna TV, American Sports Network (ASN), Azteca, Bounce Network, COMET, Decades, Estrella TV, Get TV, Grit, Heartland, Me TV, MundoFox, Retro TV, Telemundo, This TV, News & Weather, Zuus Country, and one channel broadcasts independent programming.
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