New York Times Company (The) (NYSE:NYT) CFO James M. Follo sold 138,161 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $18.97, for a total transaction of $2,620,914.17. Following the completion of the transaction, the chief financial officer now directly owns 136,523 shares of the company’s stock, valued at approximately $2,589,841.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

New York Times Company (NYT) traded down 1.33% during midday trading on Thursday, reaching $18.60. 1,352,182 shares of the company’s stock traded hands. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 47.33 and a beta of 1.81. New York Times Company has a 52 week low of $10.60 and a 52 week high of $20.15. The company’s 50-day moving average price is $18.14 and its 200 day moving average price is $16.12.

New York Times Company (The) (NYSE:NYT) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. New York Times Company (The) had a return on equity of 12.76% and a net margin of 4.12%. The company had revenue of $407.10 million for the quarter, compared to the consensus estimate of $393.07 million. During the same quarter last year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that New York Times Company will post $0.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Wednesday, July 12th were paid a $0.04 dividend. The ex-dividend date was Monday, July 10th. This represents a $0.16 annualized dividend and a dividend yield of 0.86%. New York Times Company (The)’s payout ratio is 40.00%.

COPYRIGHT VIOLATION WARNING: This story was first posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2017/08/10/insider-selling-new-york-times-company-the-nyt-cfo-sells-138161-shares-of-stock.html.

A number of equities research analysts recently issued reports on NYT shares. Zacks Investment Research downgraded shares of New York Times Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC boosted their target price on shares of New York Times Company (The) from $12.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, May 4th. Finally, Barclays PLC boosted their target price on shares of New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. New York Times Company (The) presently has an average rating of “Hold” and a consensus target price of $15.20.

Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of New York Times Company (The) by 16,731.5% in the first quarter. BlackRock Inc. now owns 12,681,224 shares of the company’s stock valued at $182,610,000 after buying an additional 12,605,882 shares during the last quarter. Norges Bank purchased a new position in shares of New York Times Company (The) during the fourth quarter valued at approximately $19,709,000. Acadian Asset Management LLC boosted its position in shares of New York Times Company (The) by 382.6% in the second quarter. Acadian Asset Management LLC now owns 1,776,811 shares of the company’s stock valued at $31,447,000 after buying an additional 1,408,666 shares during the period. FMR LLC purchased a new position in shares of New York Times Company (The) during the first quarter valued at approximately $12,790,000. Finally, Granite Investment Partners LLC purchased a new position in shares of New York Times Company (The) during the first quarter valued at approximately $11,490,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

New York Times Company (The) Company Profile

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.

Receive News & Ratings for New York Times Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.