New York Times Co Class A (NYSE:NYT) insider Carso S.A. De C.V. Inversora sold 59,800 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $23.14, for a total value of $1,383,772.00. Following the completion of the sale, the insider now owns 8,337,175 shares in the company, valued at $192,922,229.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carso S.A. De C.V. Inversora also recently made the following trade(s):

  • On Monday, August 6th, Carso S.A. De C.V. Inversora sold 150,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $24.48, for a total value of $3,672,000.00.
  • On Friday, July 20th, Carso S.A. De C.V. Inversora sold 58,962 shares of New York Times Co Class A stock. The stock was sold at an average price of $25.63, for a total value of $1,511,196.06.
  • On Wednesday, July 18th, Carso S.A. De C.V. Inversora sold 190,300 shares of New York Times Co Class A stock. The stock was sold at an average price of $25.68, for a total value of $4,886,904.00.
  • On Wednesday, July 11th, Carso S.A. De C.V. Inversora sold 20,005 shares of New York Times Co Class A stock. The stock was sold at an average price of $26.68, for a total value of $533,733.40.
  • On Friday, July 6th, Carso S.A. De C.V. Inversora sold 8,153 shares of New York Times Co Class A stock. The stock was sold at an average price of $26.22, for a total value of $213,771.66.
  • On Monday, July 9th, Carso S.A. De C.V. Inversora sold 15,933 shares of New York Times Co Class A stock. The stock was sold at an average price of $26.31, for a total value of $419,197.23.
  • On Monday, July 2nd, Carso S.A. De C.V. Inversora sold 15,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $26.22, for a total value of $393,300.00.
  • On Thursday, June 28th, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $26.01, for a total value of $260,100.00.
  • On Monday, June 25th, Carso S.A. De C.V. Inversora sold 10,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $26.53, for a total value of $265,300.00.
  • On Friday, June 22nd, Carso S.A. De C.V. Inversora sold 80,000 shares of New York Times Co Class A stock. The stock was sold at an average price of $25.77, for a total value of $2,061,600.00.

NYT opened at $23.20 on Friday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.22 and a beta of 1.65. New York Times Co Class A has a 52 week low of $16.95 and a 52 week high of $26.85. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26.

New York Times Co Class A (NYSE:NYT) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $414.60 million for the quarter, compared to the consensus estimate of $411.25 million. New York Times Co Class A had a return on equity of 15.00% and a net margin of 1.24%. New York Times Co Class A’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. equities research analysts forecast that New York Times Co Class A will post 0.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 26th. Shareholders of record on Wednesday, July 11th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, July 10th. This represents a $0.16 annualized dividend and a yield of 0.69%. New York Times Co Class A’s payout ratio is currently 20.00%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded New York Times Co Class A from a “hold” rating to a “strong sell” rating in a report on Friday, August 10th. ValuEngine downgraded New York Times Co Class A from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. JP Morgan Cazenove reiterated an “overweight” rating on shares of New York Times Co Class A in a report on Monday, April 30th. Finally, JPMorgan Chase & Co. upgraded New York Times Co Class A from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Monday, April 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. New York Times Co Class A has a consensus rating of “Hold” and a consensus price target of $22.75.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NYT. Millennium Management LLC purchased a new position in New York Times Co Class A during the 4th quarter worth $3,943,000. Wells Fargo & Company MN increased its holdings in New York Times Co Class A by 4.6% during the 1st quarter. Wells Fargo & Company MN now owns 200,615 shares of the company’s stock worth $4,835,000 after purchasing an additional 8,767 shares during the period. Weybosset Research & Management LLC increased its holdings in New York Times Co Class A by 91.2% during the 1st quarter. Weybosset Research & Management LLC now owns 194,120 shares of the company’s stock worth $4,678,000 after purchasing an additional 92,570 shares during the period. New York State Teachers Retirement System increased its holdings in New York Times Co Class A by 3.7% during the 1st quarter. New York State Teachers Retirement System now owns 279,416 shares of the company’s stock worth $6,734,000 after purchasing an additional 9,900 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in New York Times Co Class A during the 1st quarter worth $504,000. Institutional investors own 82.93% of the company’s stock.

About New York Times Co Class A

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides 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.

See Also: What are the Different Types of Leveraged Buyouts?

Insider Buying and Selling by Quarter for New York Times Co Class A (NYSE:NYT)

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