James M. Follo Sells 110,000 Shares of New York Times Co (NYT) Stock

New York Times Co (NYSE:NYT) CFO James M. Follo sold 110,000 shares of New York Times stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $24.02, for a total value of $2,642,200.00. Following the completion of the sale, the chief financial officer now owns 194,523 shares of the company’s stock, valued at $4,672,442.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of New York Times Co (NYT) opened at $25.20 on Friday. New York Times Co has a twelve month low of $14.08 and a twelve month high of $25.70. The company has a market capitalization of $3,916.09, a PE ratio of 1,260.00, a P/E/G ratio of 2.14 and a beta of 1.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83.

New York Times (NYSE:NYT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.30 by $0.09. New York Times had a return on equity of 14.89% and a net margin of 0.26%. The company had revenue of $484.00 million during the quarter, compared to the consensus estimate of $467.30 million. During the same period last year, the company earned $0.30 EPS. New York Times’s revenue for the quarter was up 10.1% on a year-over-year basis. analysts predict that New York Times Co will post 0.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Wednesday, January 10th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.16 annualized dividend and a yield of 0.63%. New York Times’s payout ratio is 800.00%.

Several equities research analysts recently commented on the company. Zacks Investment Research downgraded New York Times from a “buy” rating to a “hold” rating in a report on Monday. Barclays set a $20.00 price objective on New York Times and gave the stock a “hold” rating in a report on Sunday, February 11th. Finally, ValuEngine downgraded New York Times from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $21.33.

Institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. grew its stake in shares of New York Times by 146.1% during the 3rd quarter. Sei Investments Co. now owns 25,445 shares of the company’s stock valued at $499,000 after purchasing an additional 15,104 shares during the period. Brown Advisory Inc. grew its stake in shares of New York Times by 18.3% during the 3rd quarter. Brown Advisory Inc. now owns 56,540 shares of the company’s stock valued at $1,108,000 after purchasing an additional 8,727 shares during the period. Legal & General Group Plc grew its stake in shares of New York Times by 10.9% during the 3rd quarter. Legal & General Group Plc now owns 108,391 shares of the company’s stock valued at $2,125,000 after purchasing an additional 10,610 shares during the period. OxFORD Asset Management LLP grew its stake in shares of New York Times by 64.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 349,359 shares of the company’s stock valued at $6,865,000 after purchasing an additional 136,523 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of New York Times by 247.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 539,700 shares of the company’s stock valued at $10,606,000 after purchasing an additional 384,565 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

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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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