BlackRock Inc. grew its holdings in New York Times Company (The) (NYSE:NYT) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,743,461 shares of the company’s stock after buying an additional 62,237 shares during the quarter. BlackRock Inc. owned about 7.91% of New York Times Company (The) worth $225,560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas lifted its holdings in shares of New York Times Company (The) by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,339 shares of the company’s stock valued at $183,000 after buying an additional 180 shares during the period. SG Americas Securities LLC lifted its holdings in shares of New York Times Company (The) by 0.6% in the 2nd quarter. SG Americas Securities LLC now owns 45,819 shares of the company’s stock valued at $811,000 after buying an additional 272 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of New York Times Company (The) by 1.3% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 21,284 shares of the company’s stock valued at $258,000 after buying an additional 278 shares during the period. Advantus Capital Management Inc lifted its holdings in shares of New York Times Company (The) by 3.1% in the 1st quarter. Advantus Capital Management Inc now owns 15,606 shares of the company’s stock valued at $225,000 after buying an additional 467 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of New York Times Company (The) by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,289 shares of the company’s stock valued at $111,000 after buying an additional 673 shares during the period. 63.98% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on NYT. Zacks Investment Research raised New York Times Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, July 31st. Barclays PLC lifted their price objective on New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.20.

New York Times Company (NYSE:NYT) opened at 19.65 on Friday. The stock has a market cap of $3.18 billion, a P/E ratio of 50.00 and a beta of 1.78. The firm’s 50-day moving average price is $19.07 and its 200 day moving average price is $17.40. New York Times Company has a 52-week low of $10.60 and a 52-week high of $20.15.

New York Times Company (The) (NYSE:NYT) last released its earnings results on Thursday, July 27th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $407.10 million during the quarter, compared to the consensus estimate of $393.07 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts predict 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 will be paid on Thursday, October 19th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.81%. New York Times Company (The)’s dividend payout ratio (DPR) is presently 40.00%.

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In other news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $19.27, for a total transaction of $10,049,305.00. Following the completion of the sale, the insider now owns 19,353,000 shares in the company, valued at approximately $372,932,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James M. Follo sold 138,161 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.97, for a total value of $2,620,914.17. Following the sale, the chief financial officer now owns 136,523 shares of the company’s stock, valued at approximately $2,589,841.31. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by corporate insiders.

New York Times Company (The) 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.

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Institutional Ownership by Quarter for New York Times Company (The) (NYSE:NYT)

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