New York Times Co (NYSE:NYT) insider Carso S.A. De C.V. Inversora sold 10,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $25.53, for a total transaction of $255,300.00. Following the completion of the transaction, the insider now directly owns 19,241,300 shares in the company, valued at approximately $491,230,389. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Carso S.A. De C.V. Inversora also recently made the following trade(s):
- On Friday, February 9th, Carso S.A. De C.V. Inversora sold 90,000 shares of New York Times stock. The stock was sold at an average price of $24.13, for a total transaction of $2,171,700.00.
Shares of New York Times Co (NYSE NYT) traded up $0.15 during trading hours on Friday, reaching $25.30. 1,807,581 shares of the company traded hands, compared to its average volume of 2,947,315. New York Times Co has a one year low of $14.08 and a one year high of $25.70. The stock has a market capitalization of $4,078.25, a price-to-earnings ratio of 1,265.00, a PEG ratio of 2.22 and a beta of 1.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83.
New York Times (NYSE:NYT) last announced its earnings results on Thursday, February 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.09. New York Times had a net margin of 0.26% and a return on equity of 14.89%. The company had revenue of $484.00 million during the quarter, compared to analyst estimates of $467.30 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. equities analysts predict that New York Times Co will post 0.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Wednesday, April 4th will be given a $0.04 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.16 annualized dividend and a yield of 0.63%. New York Times’s dividend payout ratio (DPR) is presently 800.00%.
A number of large investors have recently made changes to their positions in NYT. BlackRock Inc. boosted its position in New York Times by 1.5% during the fourth quarter. BlackRock Inc. now owns 13,324,101 shares of the company’s stock valued at $246,496,000 after buying an additional 202,707 shares during the period. State Street Corp boosted its position in New York Times by 2.3% during the second quarter. State Street Corp now owns 4,112,961 shares of the company’s stock valued at $72,796,000 after buying an additional 90,840 shares during the period. Bank of New York Mellon Corp boosted its position in New York Times by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 3,670,097 shares of the company’s stock valued at $71,933,000 after buying an additional 19,102 shares during the period. Bain Capital Public Equity Management LLC purchased a new stake in New York Times during the fourth quarter valued at about $22,115,000. Finally, Teachers Advisors LLC boosted its position in New York Times by 0.7% during the fourth quarter. Teachers Advisors LLC now owns 1,132,444 shares of the company’s stock valued at $20,950,000 after buying an additional 8,416 shares during the period. Institutional investors own 66.84% of the company’s stock.
Several research analysts recently issued reports on NYT shares. ValuEngine lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of New York Times from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, November 3rd. Finally, Barclays set a $20.00 target price on shares of New York Times and gave the stock a “hold” rating in a research report on Sunday, February 11th. Four research analysts have rated the stock with a hold rating, New York Times currently has a consensus rating of “Hold” and a consensus target price of $21.33.
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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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