New York Times (NYSE:NYT) EVP Jacqueline Welch Sells 4,000 Shares of Stock

The New York Times Company (NYSE:NYTGet Free Report) EVP Jacqueline Welch sold 4,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total value of $296,560.00. Following the transaction, the executive vice president owned 23,873 shares of the company’s stock, valued at $1,769,944.22. The trade was a 14.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

New York Times Stock Performance

NYT stock opened at $76.79 on Friday. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.56 and a beta of 0.95. The New York Times Company has a fifty-two week low of $51.03 and a fifty-two week high of $87.10. The stock has a fifty day moving average of $79.14 and a 200-day moving average of $74.53.

New York Times (NYSE:NYTGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. Equities analysts predict that The New York Times Company will post 2.93 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on NYT shares. Evercore reissued an “outperform” rating and set a $92.00 price objective on shares of New York Times in a report on Thursday, May 7th. Guggenheim increased their price objective on New York Times from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen raised New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a report on Tuesday, April 21st. Finally, Citigroup increased their price objective on New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, New York Times presently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

Read Our Latest Analysis on NYT

More New York Times News

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Institutional Trading of New York Times

Large investors have recently modified their holdings of the business. Navalign LLC bought a new stake in shares of New York Times during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its position in shares of New York Times by 74.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of New York Times during the 4th quarter valued at about $32,000. SOA Wealth Advisors LLC. bought a new stake in shares of New York Times during the 4th quarter valued at about $34,000. Finally, Larson Financial Group LLC boosted its position in shares of New York Times by 59.6% during the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 245 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

About New York Times

(Get Free Report)

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.

Further Reading

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

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