New York Times Co. (NYSE: NYT) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

New York Times Co. is listed on the NYSE as a member of the Communication Services sector and is a part of the Publishing industry. The current market capitalization of New York Times Co. is $9.09B. A total of 1.26 million shares were traded on the day, compared to an average of 1.12M shares.

In the most recent transaction, BENTEN R ANTHONY sold 5,171 shares of NYT for 48.98 per share on May 21 ’24. After the transaction, the SVP, Treasurer & CAO now owns 38,576 company shares. In a previous transaction on May 10 ’24, KOPIT LEVIEN MEREDITH A. sold 12,548 shares at 47.72 per share. NYT shares that PRESIDENT & CEO owns now total 120,072.

Among the insiders who sold shares, Brayton Diane disposed of 7,000 shares on Feb 22 ’24 at a per-share price of $42.84. This resulted in the EVP, GENERAL COUNSEL holding 39,312 shares of NYT after the transaction. In another insider transaction, KOPIT LEVIEN MEREDITH A. sold 13,543 shares at $44.11 per share on Feb 16 ’24. Company shares held by the PRESIDENT & CEO now total 90,759.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. New York Times Co. pays an annual dividend of $0.48, resulting in a dividend yield of 0.87%, and it has a price to earnings (P/E) ratio of 36.55. NYT’s most recent ex-dividend date was 7/9/2024 when it declared a $0.13 quarterly dividend that was paid in cash on 7/25/2024. Previously, the company paid the dividend on 4/18/2024 with an ex-dividend date of 4/1/2024. The NYT stock dividend was $0.13 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, NYT has a high of $55.24 and a low of $39.73.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NYT’s latest balance sheet shows that the firm has $661.05M in Cash & Short Term Investments as of fiscal 2021. There were $63.61M in debt and $559.15M in liabilities at the time. Its Book Value Per Share was $10.63, while its Total Shareholder’s Equity was $1.54B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NYT is Buy with a score of 4.14.

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