New York Times Co (NYSE:NYT) COO Levien Meredith A. Kopit sold 22,323 shares of New York Times stock in a transaction on Monday, February 26th. The stock was sold at an average price of $25.45, for a total value of $568,120.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of New York Times Co (NYT) traded down $0.45 on Wednesday, reaching $24.65. 2,013,784 shares of the company traded hands, compared to its average volume of 2,547,304. The stock has a market cap of $4,153.46, a price-to-earnings ratio of 31.11, a P/E/G ratio of 2.23 and a beta of 1.74. New York Times Co has a 12-month low of $14.08 and a 12-month high of $25.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.80 and a current ratio of 1.80.
New York Times (NYSE:NYT) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.09. The firm had revenue of $484.00 million for the quarter, compared to analyst estimates of $467.30 million. New York Times had a net margin of 0.26% and a return on equity of 14.84%. New York Times’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. research analysts anticipate that New York Times Co will post 0.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Wednesday, April 4th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.16 annualized dividend and a yield of 0.65%. New York Times’s dividend payout ratio (DPR) is currently 800.00%.
Several research analysts have recently commented on the company. Barclays set a $20.00 price target on New York Times and gave the stock a “hold” rating in a report on Sunday, February 11th. Zacks Investment Research lowered New York Times from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, ValuEngine upgraded New York Times from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.
Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in New York Times by 6.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock valued at $118,000 after buying an additional 429 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in New York Times by 37.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,622 shares of the company’s stock valued at $160,000 after buying an additional 2,333 shares during the period. Macquarie Group Ltd. purchased a new stake in New York Times in the 3rd quarter valued at about $192,000. Elkfork Partners LLC raised its holdings in New York Times by 143.1% in the 4th quarter. Elkfork Partners LLC now owns 9,840 shares of the company’s stock valued at $182,000 after buying an additional 5,792 shares during the period. Finally, HL Financial Services LLC purchased a new stake in New York Times in the 4th quarter valued at about $185,000. Hedge funds and other institutional investors own 72.15% of the company’s stock.
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New York Times Company Profile
The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.
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