New York Times Co (NYSE:NYT) CFO Roland A. Caputo sold 11,580 shares of New York Times stock in a transaction on Monday, February 11th. The stock was sold at an average price of $31.13, for a total transaction of $360,485.40. Following the sale, the chief financial officer now owns 27,789 shares of the company’s stock, valued at $865,071.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of New York Times stock traded down $0.05 during trading on Wednesday, hitting $31.37. 2,207,143 shares of the company’s stock were exchanged, compared to its average volume of 2,511,978. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.94. New York Times Co has a 52-week low of $21.34 and a 52-week high of $32.02. The stock has a market cap of $5.20 billion, a PE ratio of 38.73 and a beta of 1.24.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, February 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. New York Times had a net margin of 7.19% and a return on equity of 13.82%. The firm had revenue of $502.70 million during the quarter, compared to analysts’ expectations of $479.57 million. During the same quarter last year, the company posted $0.39 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts expect that New York Times Co will post 0.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from New York Times’s previous quarterly dividend of $0.04. New York Times’s dividend payout ratio (DPR) is 19.75%.

Institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC purchased a new position in shares of New York Times during the fourth quarter worth $43,000. Blume Capital Management Inc. raised its holdings in shares of New York Times by 100.0% during the fourth quarter. Blume Capital Management Inc. now owns 2,000 shares of the company’s stock worth $45,000 after purchasing an additional 1,000 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of New York Times by 2,331.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,230,653 shares of the company’s stock worth $55,000 after purchasing an additional 1,180,042 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of New York Times during the fourth quarter worth $83,000. Finally, Enlightenment Research LLC purchased a new position in shares of New York Times during the fourth quarter worth $149,000. 92.22% of the stock is owned by hedge funds and other institutional investors.

NYT has been the subject of several research reports. ValuEngine downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Barclays downgraded shares of New York Times from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research note on Tuesday, November 6th. They noted that the move was a valuation call. Evercore ISI initiated coverage on shares of New York Times in a research note on Thursday, December 13th. They set an “outperform” rating for the company. Finally, Zacks Investment Research upgraded shares of New York Times from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $25.33.

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New York Times 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.

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