New York Times Co (NYSE:NYT) has earned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $25.00.

NYT has been the subject of several analyst reports. ValuEngine upgraded New York Times from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research restated a “hold” rating on shares of New York Times in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on New York Times to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Finally, Barclays downgraded New York Times from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $20.00 to $18.00 in a research report on Tuesday, November 6th. They noted that the move was a valuation call.

In other New York Times news, Director Arthur Sulzberger, Jr. sold 34,000 shares of New York Times stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $23.73, for a total value of $806,820.00. Following the completion of the transaction, the director now owns 279,307 shares in the company, valued at approximately $6,627,955.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert E. Denham sold 3,492 shares of New York Times stock in a transaction on Monday, November 5th. The shares were sold at an average price of $27.84, for a total value of $97,217.28. Following the completion of the transaction, the director now owns 45,237 shares of the company’s stock, valued at approximately $1,259,398.08. The disclosure for this sale can be found here. Insiders have sold a total of 127,492 shares of company stock valued at $2,961,437 in the last 90 days. 5.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in New York Times by 7.2% in the 3rd quarter. BlackRock Inc. now owns 16,133,035 shares of the company’s stock valued at $373,479,000 after purchasing an additional 1,090,034 shares during the last quarter. Jackson Square Partners LLC raised its position in New York Times by 8.3% in the 3rd quarter. Jackson Square Partners LLC now owns 11,798,263 shares of the company’s stock valued at $273,129,000 after purchasing an additional 903,345 shares during the last quarter. FMR LLC raised its position in New York Times by 46.3% in the 3rd quarter. FMR LLC now owns 6,898,947 shares of the company’s stock valued at $159,710,000 after purchasing an additional 2,183,048 shares during the last quarter. OZ Management LP raised its position in New York Times by 8.0% in the 3rd quarter. OZ Management LP now owns 6,303,662 shares of the company’s stock valued at $145,929,000 after purchasing an additional 464,692 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in New York Times by 187.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,638,999 shares of the company’s stock valued at $120,150,000 after purchasing an additional 3,027,171 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Shares of NYT stock opened at $26.50 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. New York Times has a 12 month low of $17.25 and a 12 month high of $28.72. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 3.84 and a beta of 1.12.

New York Times (NYSE:NYT) last posted its earnings results on Thursday, November 1st. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business had revenue of $417.30 million during the quarter, compared to the consensus estimate of $409.80 million. New York Times had a return on equity of 15.14% and a net margin of 0.79%. New York Times’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS. On average, equities research analysts forecast that New York Times will post 0.79 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Wednesday, October 3rd were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, October 2nd. This represents a $0.16 annualized dividend and a dividend yield of 0.60%. New York Times’s dividend payout ratio (DPR) is presently 20.00%.

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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