The New York Times Company (NYSE:NYT) Given Consensus Rating of “Hold” by Analysts

The New York Times Company (NYSE:NYTGet Rating) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $36.93.

A number of equities analysts have issued reports on NYT shares. Morgan Stanley cut their target price on New York Times from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. StockNews.com initiated coverage on New York Times in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Insiders Place Their Bets

In other New York Times news, Director David S. Perpich sold 6,478 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $35.71, for a total value of $231,329.38. Following the sale, the director now directly owns 19,699 shares of the company’s stock, valued at $703,451.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On New York Times

Large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its position in New York Times by 135.0% in the first quarter. Quadrant Capital Group LLC now owns 1,027 shares of the company’s stock worth $47,000 after buying an additional 590 shares during the period. KBC Group NV grew its stake in shares of New York Times by 1,737.6% in the second quarter. KBC Group NV now owns 27,050 shares of the company’s stock worth $755,000 after purchasing an additional 25,578 shares in the last quarter. Quent Capital LLC grew its stake in shares of New York Times by 138.0% in the second quarter. Quent Capital LLC now owns 10,349 shares of the company’s stock worth $289,000 after purchasing an additional 6,001 shares in the last quarter. Swiss National Bank grew its stake in shares of New York Times by 7.5% in the first quarter. Swiss National Bank now owns 395,100 shares of the company’s stock worth $18,111,000 after purchasing an additional 27,400 shares in the last quarter. Finally, Hightower 6M Holding LLC bought a new position in shares of New York Times in the first quarter worth $229,000. 97.42% of the stock is owned by institutional investors and hedge funds.

New York Times Stock Down 0.3 %

Shares of NYT opened at $35.20 on Friday. The business’s 50 day moving average is $31.17 and its two-hundred day moving average is $31.29. New York Times has a 52-week low of $27.58 and a 52-week high of $48.61. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 34.18 and a beta of 0.96.

New York Times Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Monday, October 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, October 6th. New York Times’s dividend payout ratio is currently 34.95%.

About New York Times

(Get Rating)

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers 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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Analyst Recommendations for New York Times (NYSE:NYT)

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