The New York Times Company (NYSE:NYT) Director David S. Perpich Sells 6,478 Shares

The New York Times Company (NYSE:NYTGet Rating) Director David S. Perpich sold 6,478 shares of the business’s 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 completion of the sale, the director now directly owns 19,699 shares in the company, valued at $703,451.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

New York Times Price Performance

Shares of NYSE:NYT opened at $34.79 on Tuesday. The company has a market cap of $5.75 billion, a P/E ratio of 33.78 and a beta of 0.96. The New York Times Company has a 1 year low of $27.58 and a 1 year high of $48.61. The stock’s fifty day moving average price is $30.91 and its 200-day moving average price is $31.23.

New York Times Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Thursday, October 6th. New York Times’s dividend payout ratio (DPR) is presently 34.95%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com assumed coverage on New York Times in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley dropped their target price on New York Times from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.93.

Institutional Trading of New York Times

A number of hedge funds have recently bought and sold shares of NYT. First Horizon Advisors Inc. increased its position in New York Times by 3,754.2% during the second quarter. First Horizon Advisors Inc. now owns 925 shares of the company’s stock valued at $25,000 after acquiring an additional 901 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in New York Times during the third quarter valued at $27,000. Signaturefd LLC increased its position in New York Times by 52.5% during the third quarter. Signaturefd LLC now owns 1,144 shares of the company’s stock valued at $33,000 after acquiring an additional 394 shares during the last quarter. CWM LLC increased its position in New York Times by 656.7% during the second quarter. CWM LLC now owns 1,241 shares of the company’s stock valued at $35,000 after acquiring an additional 1,077 shares during the last quarter. Finally, Wipfli Financial Advisors LLC purchased a new stake in New York Times during the third quarter valued at $40,000. Hedge funds and other institutional investors own 97.42% of the company’s stock.

New York Times Company Profile

(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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