New York Times Co Class A (NYT) Insider Sells $533,733.40 in Stock

New York Times Co Class A (NYSE:NYT) insider Carso S.A. De C.V. Inversora sold 20,005 shares of the company’s stock in a transaction dated Wednesday, July 11th. The shares were sold at an average price of $26.68, for a total transaction of $533,733.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, July 6th, Carso S.A. De C.V. Inversora sold 8,153 shares of New York Times Co Class A stock. The shares were sold at an average price of $26.22, for a total transaction of $213,771.66.
  • On Monday, July 9th, Carso S.A. De C.V. Inversora sold 15,933 shares of New York Times Co Class A stock. The shares were sold at an average price of $26.31, for a total transaction of $419,197.23.
  • On Monday, July 2nd, Carso S.A. De C.V. Inversora sold 15,000 shares of New York Times Co Class A stock. The shares were sold at an average price of $26.22, for a total transaction of $393,300.00.
  • On Thursday, June 28th, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times Co Class A stock. The shares were sold at an average price of $26.01, for a total transaction of $260,100.00.
  • On Monday, June 25th, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times Co Class A stock. The shares were sold at an average price of $26.53, for a total transaction of $265,300.00.
  • On Friday, June 22nd, Carso S.A. De C.V. Inversora sold 80,000 shares of New York Times Co Class A stock. The shares were sold at an average price of $25.77, for a total transaction 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 shares were sold at an average price of $25.02, for a total transaction 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 shares were sold at an average price of $25.04, for a total transaction 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 shares were sold at an average price of $24.51, for a total transaction 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 shares were sold at an average price of $23.89, for a total transaction of $8,958,750.00.

NYT traded down $0.30 on Thursday, hitting $26.15. 1,187,803 shares of the stock were exchanged, compared to its average volume of 2,306,563. New York Times Co Class A has a 12 month low of $16.95 and a 12 month high of $26.85. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 2.25 and a beta of 1.73.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 26th. Investors of record on Wednesday, July 11th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, July 10th. This represents a $0.16 annualized dividend and a yield of 0.61%. New York Times Co Class A’s dividend payout ratio is 20.00%.

Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of New York Times Co Class A from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. JP Morgan Cazenove reaffirmed an “overweight” rating on shares of New York Times Co Class A in a research report on Monday, April 30th. Finally, JPMorgan Chase & Co. raised shares of New York Times Co Class A from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Monday, April 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $22.75.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Perigon Wealth Management LLC bought a new stake in New York Times Co Class A during the first quarter worth about $181,000. Elkfork Partners LLC lifted its position in New York Times Co Class A by 143.1% during the fourth quarter. Elkfork Partners LLC now owns 9,840 shares of the company’s stock worth $182,000 after purchasing an additional 5,792 shares during the period. ETRADE Capital Management LLC bought a new stake in New York Times Co Class A during the fourth quarter worth about $189,000. Cubist Systematic Strategies LLC bought a new stake in New York Times Co Class A during the first quarter worth about $202,000. Finally, Investors Research Corp bought a new stake in New York Times Co Class A during the first quarter worth about $225,000. 81.59% of the stock is owned by institutional investors and hedge funds.

About New York Times Co Class A

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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