Dividend Flows Change: $0.16 dividends are within arm’s reach for TEGNA Inc. (NYSE:GCI) shareholders.

Dividend Flows Change: $0.16 dividends are within arm's reach for TEGNA Inc. (NYSE:GCI) shareholders.

TEGNA Inc. (NYSE:GCI) is expected to pay $0.16 on Dec 19, 2016. The indicated annual dividend is $0.64. Shareholders owning the stock before Dec 1, 2016 will be eligible to receive the payout. Based on TEGNA Inc.’s current price of $9.57, the dividend is 1.67%. This dividend’s record date is Dec 5, 2016 and the announcement date is Oct 12, 2016. The stock decreased 1.03% or $0.1 during the last trading session, hitting $9.57. Gannett Co Inc (NYSE:GCI) has declined 45.50% since April 27, 2016 and is downtrending. It has underperformed by 50.73% the S&P500.

Gannett Co., Inc. is an international, multi-platform news and information company. The company has a market cap of $1.10 billion. The Firm is a local content well-known provider in the United States, operating in over 30 states and Guam. It has a 28.97 P/E ratio. The Company’s activities comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom.

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 1.50, from 1.5 in 2016Q1. The ratio dropped, as 1 funds sold all Gannett Co Inc shares owned while 1 reduced positions. 2 funds bought stakes while 1 increased positions. They now own 157,915 shares or 45.06% less from 287,452 shares in 2016Q1.
Covington Cap reported 48,009 shares or 0.06% of all its holdings. Leavell Inv Mngmt reported 14,900 shares or 0.03% of all its holdings. Marshwinds Advisory holds 12,836 shares or 0.14% of its portfolio. Gulf Intl Savings Bank (Uk) Limited accumulated 63,910 shares or 0.02% of the stock. Huntington Bancshares last reported 0.01% of its portfolio in the stock. Mutual Of Omaha Commercial Bank Wealth has 0.08% invested in the company for 8,245 shares. Gemmer Asset Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock.

Gannett Co Inc (NYSE:GCI) Ratings Coverage

Out of 6 analysts covering Gannett (NYSE:GCI), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $20 is the highest target while $12 is the lowest. The $16 average target is 67.19% above today’s ($9.57) stock price. Gannett has been the topic of 10 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Noble Financial maintained Gannett Co Inc (NYSE:GCI) on Wednesday, November 2 with “Buy” rating. Jefferies maintained the stock with “Hold” rating in Monday, July 11 report. The stock of Gannett Co Inc (NYSE:GCI) earned “Buy” rating by Argus Research on Thursday, November 5. The company was initiated on Friday, September 4 by Argus Research. Zacks downgraded Gannett Co Inc (NYSE:GCI) on Tuesday, September 1 to “Hold” rating. Cantor Fitzgerald initiated Gannett Co Inc (NYSE:GCI) rating on Wednesday, October 7. Cantor Fitzgerald has “Buy” rating and $17 price target. As per Tuesday, September 8, the company rating was initiated by Argus Research. The firm has “Hold” rating by given on Monday, October 10. The stock of Gannett Co Inc (NYSE:GCI) has “Neutral” rating given on Monday, November 2 by JP Morgan.

Another recent and important Gannett Co Inc (NYSE:GCI) news was published by Reuters.com which published an article titled: “REFILE-BRIEF-Gannett Co Inc terminates discussions to acquire Tronc Inc” on November 01, 2016.

GCI Company Profile

Gannett Co., Inc., incorporated on November 21, 2014, is an international, multi-platform news and information company. The Firm is a local content well-known provider in the United States, operating in over 30 states and Guam. The Company’s activities comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom. The Company’s daily publications in the United States include USA TODAY. Together with over 20 daily paid-for publications, its Newsquest division operates in the United Kingdom. In the markets it serves, the Company also operates desktop, smartphone and tablet products, which are integrated with publishing operations. The Company’s activities also include commercial printing, marketing and data services operations.

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