Mattson Financial Services LLC Sells 187 Shares of The New York Times Company (NYSE:NYT)

Mattson Financial Services LLC decreased its position in The New York Times Company (NYSE:NYT) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,994 shares of the company’s stock after selling 187 shares during the quarter. Mattson Financial Services LLC’s holdings in New York Times were worth $1,331,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Oak Family Advisors LLC grew its stake in shares of New York Times by 2.2% in the second quarter. Oak Family Advisors LLC now owns 10,685 shares of the company’s stock worth $547,000 after acquiring an additional 231 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of New York Times by 2.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,867 shares of the company’s stock worth $608,000 after acquiring an additional 247 shares during the last quarter. Capital Investment Counsel Inc grew its stake in shares of New York Times by 1.7% in the second quarter. Capital Investment Counsel Inc now owns 22,701 shares of the company’s stock worth $1,163,000 after acquiring an additional 380 shares during the last quarter. Signaturefd LLC grew its stake in shares of New York Times by 34.2% in the second quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after acquiring an additional 432 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of New York Times by 3.2% in the first quarter. Commonwealth Equity Services LLC now owns 17,222 shares of the company’s stock worth $744,000 after acquiring an additional 527 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

New York Times Stock Performance

Shares of NYT opened at $54.91 on Wednesday. The stock has a 50 day simple moving average of $54.25 and a 200 day simple moving average of $50.35. The New York Times Company has a 52-week low of $39.73 and a 52-week high of $56.49. The firm has a market capitalization of $9.02 billion, a PE ratio of 36.61 and a beta of 1.03.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. New York Times had a return on equity of 17.45% and a net margin of 10.81%. The business had revenue of $625.00 million during the quarter, compared to analyst estimates of $624.82 million. During the same period in the previous year, the firm earned $0.38 EPS. New York Times’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts predict that The New York Times Company will post 1.9 EPS for the current fiscal year.

New York Times Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, October 9th. New York Times’s dividend payout ratio (DPR) is currently 34.67%.

Analysts Set New Price Targets

A number of research firms have weighed in on NYT. Barclays lifted their price target on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of New York Times from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.67.

Insiders Place Their Bets

In other news, CEO Levien Meredith A. Kopit sold 18,300 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $53.92, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO William Bardeen sold 2,000 shares of the 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 sale, the chief financial officer now owns 10,315 shares in the company, valued at approximately $562,786.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Levien Meredith A. Kopit sold 18,300 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $53.92, for a total value of $986,736.00. Following the transaction, the chief executive officer now owns 101,772 shares in the company, valued at $5,487,546.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

New York Times Profile

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.