Sinclair (SBGI) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Sinclair (NASDAQ: SBGI) in the last few weeks:

• 5/9/2026 – Sinclair was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/7/2026 – Sinclair was upgraded by Weiss Ratings from “sell (d+)” to “hold (c-)”.
• 5/5/2026 – Sinclair had its price target lowered by Guggenheim from $20.00 to $19.00. They now have a “buy” rating on the stock.
• 5/1/2026 – Sinclair had its price target lowered by Wells Fargo & Company from $17.00 to $16.00. They now have an “equal weight” rating on the stock.
• 4/15/2026 – Sinclair was given a new $17.00 price target by Deutsche Bank Aktiengesellschaft.
• 4/1/2026 – Sinclair had its price target lowered by JPMorgan Chase & Co. from $15.00 to $14.00. They now have an “underweight” rating on the stock.

Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, May 26th. Sinclair’s dividend payout ratio (DPR) is currently 111.11%.

Insider Buying and Selling

In related news, Director Daniel C. Keith sold 22,613 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $13.10, for a total value of $296,230.30. Following the sale, the director owned 25,027 shares of the company’s stock, valued at approximately $327,853.70. This trade represents a 47.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Robert Weisbord sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $15.70, for a total value of $157,000.00. Following the completion of the sale, the chief operating officer directly owned 284,525 shares in the company, valued at approximately $4,467,042.50. This trade represents a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 55,672 shares of company stock worth $758,498. 41.90% of the stock is currently owned by company insiders.

Sinclair Broadcast Group, Inc (NASDAQ: SBGI) is a media and entertainment company headquartered in Hunt Valley, Maryland. Founded in 1971 as a single UHF television station operator, Sinclair has grown through strategic acquisitions and organic expansion to become one of the largest owners of local television stations in the United States. Over its history, the company has pursued a diversified portfolio that includes both traditional broadcast assets and newer digital platforms.

At its core, Sinclair operates over 190 television stations affiliated with the major national broadcast networks, including ABC, CBS, NBC, Fox, The CW and MyNetworkTV.