New York Times Co Class A (NYT) Insider Sells $265,300.00 in Stock

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New York Times Co Class A (NYSE:NYT) insider Carso S.A. De C.V. Inversora sold 10,000 shares of the company’s stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $26.53, for a total value of $265,300.00. Following the sale, the insider now owns 8,857,175 shares in the company, valued at approximately $234,980,852.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Carso S.A. De C.V. Inversora also recently made the following trade(s):

  • On Friday, June 22nd, Carso S.A. De C.V. Inversora sold 80,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $25.77, for a total value of $2,061,600.00.
  • On Wednesday, June 20th, Carso S.A. De C.V. Inversora sold 172,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $25.02, for a total value of $4,303,440.00.
  • On Monday, June 18th, Carso S.A. De C.V. Inversora sold 426,300 shares of New York Times Co Class A stock. The stock was sold at an average price of $25.04, for a total value of $10,674,552.00.
  • On Thursday, June 14th, Carso S.A. De C.V. Inversora sold 352,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $24.51, for a total value of $8,627,520.00.
  • On Tuesday, June 12th, Carso S.A. De C.V. Inversora sold 375,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $23.89, for a total value of $8,958,750.00.
  • On Friday, June 8th, Carso S.A. De C.V. Inversora sold 378,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $23.47, for a total value of $8,871,660.00.
  • On Wednesday, June 6th, Carso S.A. De C.V. Inversora sold 320,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $23.43, for a total value of $7,497,600.00.
  • On Friday, June 1st, Carso S.A. De C.V. Inversora sold 215,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $23.02, for a total value of $4,949,300.00.
  • On Monday, June 4th, Carso S.A. De C.V. Inversora sold 515,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $23.02, for a total value of $11,855,300.00.
  • On Wednesday, May 30th, Carso S.A. De C.V. Inversora sold 117,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $23.10, for a total value of $2,702,700.00.

New York Times Co Class A opened at $25.90 on Friday, according to Marketbeat Ratings. New York Times Co Class A has a one year low of $16.95 and a one year high of $26.75. The stock has a market capitalization of $4.29 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.20 and a beta of 1.70. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.26.

New York Times Co Class A (NYSE:NYT) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. New York Times Co Class A had a return on equity of 15.58% and a net margin of 0.77%. The business had revenue of $414.00 million for the quarter, compared to the consensus estimate of $411.00 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. research analysts expect that New York Times Co Class A will post 0.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 26th. Stockholders of record on Wednesday, July 11th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.62%. New York Times Co Class A’s payout ratio is currently 20.00%.

Several brokerages have weighed in on NYT. JP Morgan Cazenove restated an “overweight” rating on shares of New York Times Co Class A in a report on Monday, April 30th. JPMorgan Chase & Co. upgraded New York Times Co Class A from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Monday, April 30th. Finally, Zacks Investment Research downgraded New York Times Co Class A from a “hold” rating to a “sell” rating and set a $26.00 price target on the stock. in a report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $22.75.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG increased its holdings in shares of New York Times Co Class A by 5.0% in the 4th quarter. Deutsche Bank AG now owns 561,797 shares of the company’s stock valued at $10,390,000 after acquiring an additional 27,003 shares during the last quarter. Swiss National Bank increased its holdings in shares of New York Times Co Class A by 3.2% in the 4th quarter. Swiss National Bank now owns 222,500 shares of the company’s stock valued at $4,116,000 after acquiring an additional 6,800 shares during the last quarter. Bain Capital Public Equity Management LLC purchased a new position in shares of New York Times Co Class A in the 4th quarter valued at about $22,115,000. Wells Fargo & Company MN increased its holdings in shares of New York Times Co Class A by 82.9% in the 4th quarter. Wells Fargo & Company MN now owns 191,848 shares of the company’s stock valued at $3,550,000 after acquiring an additional 86,931 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its holdings in shares of New York Times Co Class A by 234.2% in the 4th quarter. Meadow Creek Investment Management LLC now owns 17,220 shares of the company’s stock valued at $319,000 after acquiring an additional 12,068 shares during the last quarter. Institutional investors and hedge funds own 81.59% of the company’s stock.

New York Times Co Class A Company Profile

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

Insider Buying and Selling by Quarter for New York Times Co Class A (NYSE:NYT)

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