Moloney Securities Asset Management LLC Takes $935,000 Position in The New York Times Company (NYSE:NYT)

Moloney Securities Asset Management LLC acquired a new position in The New York Times Company (NYSE:NYT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,262 shares of the company’s stock, valued at approximately $935,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Oak Family Advisors LLC increased its holdings in New York Times by 2.2% during the 2nd quarter. Oak Family Advisors LLC now owns 10,685 shares of the company’s stock worth $547,000 after purchasing an additional 231 shares in the last quarter. Capital Investment Counsel Inc raised its position in New York Times by 1.7% in the 2nd quarter. Capital Investment Counsel Inc now owns 22,701 shares of the company’s stock valued at $1,163,000 after buying an additional 380 shares during the last quarter. Hall Laurie J Trustee lifted its stake in New York Times by 0.6% during the 1st quarter. Hall Laurie J Trustee now owns 74,860 shares of the company’s stock valued at $3,236,000 after acquiring an additional 410 shares in the last quarter. Signaturefd LLC grew its stake in shares of New York Times by 34.2% in the 2nd quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after acquiring an additional 432 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of New York Times by 15.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,289 shares of the company’s stock valued at $161,000 after purchasing an additional 451 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NYT shares. Evercore ISI upped their price objective on shares of New York Times from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Barclays boosted their target price on New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on New York Times from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.67.

Insider Activity at New York Times

In related news, CFO William Bardeen sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $54.56, for a total value of $109,120.00. Following the completion of the transaction, the chief financial officer now directly owns 10,315 shares of the company’s stock, valued at approximately $562,786.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO William Bardeen sold 2,000 shares of New York Times stock in a transaction on Friday, August 9th. The stock was sold at an average price of $54.56, for a total value of $109,120.00. Following the completion of the transaction, the chief financial officer now directly owns 10,315 shares in the company, valued at $562,786.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Levien Meredith A. Kopit sold 18,300 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $53.92, for a total value of $986,736.00. Following the sale, the chief executive officer now owns 101,772 shares in the company, valued at $5,487,546.24. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

New York Times Stock Up 1.2 %

NYT opened at $54.93 on Friday. The New York Times Company has a twelve month low of $39.73 and a twelve month high of $56.49. The company’s 50-day moving average price is $53.29 and its two-hundred day moving average price is $48.30. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 36.62 and a beta of 1.06.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. New York Times had a return on equity of 17.33% and a net margin of 10.19%. The business had revenue of $625.00 million for the quarter, compared to the consensus estimate of $624.82 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. New York Times’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that The New York Times Company will post 1.77 earnings per share for the current year.

New York Times Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, July 9th. New York Times’s dividend payout ratio is currently 34.67%.

About New York Times

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast.