Somewhat Positive Media Coverage Somewhat Unlikely to Impact The New York Times (NYT) Share Price
News headlines about The New York Times (NYSE:NYT) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The New York Times earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave media stories about the company an impact score of 43.8551673289295 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- The New York Times Company (NYT) Insider Carso S.A. De C.V. Inversora Sells 265,000 Shares (americanbankingnews.com)
- New York Today: One Ball and a Wall (nytimes.com)
- New York Times columnist calls Washington greedy (finance.yahoo.com)
- PRESS DIGEST-New York Times business news – May 16 (finance.yahoo.com)
- U.S. investigating Cambridge Analytica – New York Times (finance.yahoo.com)
Shares of The New York Times stock opened at $23.35 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.92 and a beta of 1.76. The New York Times has a one year low of $22.75 and a one year high of $23.42.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 19th. Stockholders of record on Wednesday, April 4th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, April 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.69%. The New York Times’s dividend payout ratio (DPR) is presently 20.00%.
A number of analysts recently weighed in on NYT shares. Zacks Investment Research upgraded The New York Times from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, January 31st. ValuEngine raised The New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Barclays set a $20.00 price target on The New York Times and gave the stock a “hold” rating in a research note on Sunday, February 11th. JP Morgan Cazenove reaffirmed an “overweight” rating on shares of The New York Times in a research note on Monday, April 30th. Finally, JPMorgan Chase raised The New York Times from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Monday, April 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.75.
In other news, COO Levien Meredith A. Kopit sold 22,323 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $25.45, for a total transaction of $568,120.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Carso S.A. De C.V. Inversora sold 18,800 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $25.55, for a total value of $480,340.00. Following the transaction, the insider now directly owns 19,212,700 shares in the company, valued at $490,884,485. The disclosure for this sale can be found here. Insiders have sold 4,517,664 shares of company stock worth $104,806,144 over the last three months. Insiders own 5.20% of the company’s stock.
About The New York Times
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.
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