8,400 Shares in The New York Times Company $NYT Bought by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC purchased a new position in The New York Times Company (NYSE:NYTFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,400 shares of the company’s stock, valued at approximately $588,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Basecamp Wealth Advisors LLC boosted its holdings in shares of New York Times by 1,191.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock worth $26,000 after buying an additional 286 shares during the period. Navalign LLC acquired a new stake in shares of New York Times during the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in shares of New York Times in the 4th quarter valued at approximately $32,000. SJS Investment Consulting Inc. lifted its position in shares of New York Times by 313.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 567 shares of the company’s stock valued at $47,000 after acquiring an additional 430 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in New York Times by 59.6% in the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NYT. Citigroup reiterated a “neutral” rating on shares of New York Times in a research report on Wednesday, June 24th. Wall Street Zen cut New York Times from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Evercore reiterated an “outperform” rating and set a $92.00 price target on shares of New York Times in a report on Thursday, May 7th. Guggenheim upped their price target on New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, UBS Group set a $75.00 price objective on New York Times in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.33.

View Our Latest Research Report on New York Times

New York Times Stock Down 0.2%

NYT stock opened at $67.59 on Thursday. The New York Times Company has a 12-month low of $54.10 and a 12-month high of $87.10. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.74 and a beta of 0.92. The company has a 50 day moving average of $70.46 and a two-hundred day moving average of $75.52.

New York Times (NYSE:NYTGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The business had revenue of $762.46 million for the quarter, compared to analysts’ expectations of $752.01 million. During the same period in the previous year, the company posted $0.58 EPS. New York Times’s revenue was up 11.2% on a year-over-year basis. On average, research analysts anticipate that The New York Times Company will post 2.84 EPS for the current year.

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 8th were paid a $0.23 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $0.92 dividend on an annualized basis and a yield of 1.4%. New York Times’s payout ratio is 38.33%.

New York Times News Summary

Here are the key news stories impacting New York Times this week:

New York Times Company Profile

(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

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

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