New York Times Co (NYT) Shares Bought by BlackRock Inc.

BlackRock Inc. raised its stake in New York Times Co (NYSE:NYT) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,324,101 shares of the company’s stock after acquiring an additional 202,707 shares during the quarter. BlackRock Inc. owned about 0.08% of New York Times worth $246,496,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NYT. Canada Pension Plan Investment Board bought a new position in New York Times in the 3rd quarter valued at about $1,241,000. Prudential Financial Inc. raised its holdings in New York Times by 9.7% in the 3rd quarter. Prudential Financial Inc. now owns 94,171 shares of the company’s stock valued at $1,846,000 after acquiring an additional 8,360 shares during the period. Principal Financial Group Inc. raised its holdings in New York Times by 2.8% in the 3rd quarter. Principal Financial Group Inc. now owns 547,718 shares of the company’s stock valued at $10,736,000 after acquiring an additional 14,685 shares during the period. Alps Advisors Inc. bought a new position in New York Times in the 3rd quarter valued at about $481,000. Finally, Sei Investments Co. raised its holdings in New York Times by 146.1% in the 3rd quarter. Sei Investments Co. now owns 25,445 shares of the company’s stock valued at $499,000 after acquiring an additional 15,104 shares during the period. 72.15% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, Director Doreen A. Toben sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $23.99, for a total transaction of $191,920.00. Following the transaction, the director now directly owns 25,342 shares of the company’s stock, valued at $607,954.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carso S.A. De C.V. Inversora sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $24.13, for a total transaction of $2,171,700.00. The disclosure for this sale can be found here. Insiders have sold 328,289 shares of company stock worth $8,045,990 over the last ninety days. Insiders own 5.20% of the company’s stock.

NYT has been the topic of several research analyst reports. ValuEngine cut shares of New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of New York Times from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, January 31st. Finally, Barclays set a $20.00 target price on shares of New York Times and gave the stock a “hold” rating in a report on Sunday, February 11th.

New York Times Co (NYSE:NYT) opened at $25.20 on Tuesday. New York Times Co has a fifty-two week low of $14.08 and a fifty-two week high of $25.70. The company has a market cap of $4,100.00, a P/E ratio of 56.00, a PEG ratio of 2.19 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 (NYSE:NYT) last announced its earnings results on Thursday, February 8th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.09. New York Times had a net margin of 0.26% and a return on equity of 14.84%. The company had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $467.30 million. During the same period last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. research analysts predict that New York Times Co will post 0.87 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Wednesday, April 4th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.63%. New York Times’s dividend payout ratio is presently 35.56%.

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About New York Times

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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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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