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 shares were sold at an average price of $25.45, for a total value of $568,120.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
New York Times Co (NYSE NYT) traded down $0.45 on Wednesday, hitting $24.65. The stock had a trading volume of 2,013,784 shares, compared to its average volume of 2,547,304. The company has a market cap of $4,153.46, a price-to-earnings ratio of 31.11, a PEG ratio of 2.23 and a beta of 1.74. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.28. New York Times Co has a 1-year low of $14.08 and a 1-year high of $25.70.
New York Times (NYSE:NYT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.09. The business had revenue of $484.00 million during the quarter, compared to analyst estimates of $467.30 million. New York Times had a return on equity of 14.84% and a net margin of 0.26%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. equities research analysts expect that New York Times Co will post 0.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Wednesday, April 4th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, April 3rd. New York Times’s dividend payout ratio is presently 800.00%.
Several equities analysts have recently issued reports on the company. Barclays set a $20.00 price target on New York Times and gave the company a “hold” rating in a research report on Sunday, February 11th. Zacks Investment Research cut New York Times from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, ValuEngine upgraded New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of New York Times by 6.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock worth $118,000 after acquiring an additional 429 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of New York Times by 4.0% in the fourth quarter. Brown Advisory Inc. now owns 58,792 shares of the company’s stock worth $1,088,000 after buying an additional 2,252 shares during the period. LS Investment Advisors LLC boosted its position in shares of New York Times by 23.3% in the fourth quarter. LS Investment Advisors LLC now owns 11,957 shares of the company’s stock worth $221,000 after buying an additional 2,257 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of New York Times by 37.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,622 shares of the company’s stock worth $160,000 after buying an additional 2,333 shares during the period. Finally, Strs Ohio boosted its position in shares of New York Times by 4.2% in the fourth quarter. Strs Ohio now owns 68,900 shares of the company’s stock worth $1,274,000 after buying an additional 2,800 shares during the period. 72.15% of the stock is owned by institutional investors and hedge funds.
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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