Meiji Yasuda Asset Management Company LTD Has Cut Automatic Data Processing In (ADP) Holding By $1.95 Million; 1 Analysts Covering The New York Times Company (NYT)

April 17, 2018 - By David Stenberg

The New York Times Company (NYSE:NYT) Logo

Meiji Yasuda Asset Management Company Ltd decreased Automatic Data Processing In (ADP) stake by 41.78% reported in 2017Q4 SEC filing. Meiji Yasuda Asset Management Company Ltd sold 16,700 shares as Automatic Data Processing In (ADP)’s stock declined 3.95%. The Meiji Yasuda Asset Management Company Ltd holds 23,271 shares with $2.73 million value, down from 39,971 last quarter. Automatic Data Processing In now has $52.13 billion valuation. The stock increased 0.60% or $0.7 during the last trading session, reaching $117.61. About 1.17 million shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 9.09% since April 17, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

Among 4 analysts covering New York Times (NYSE:NYT), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. New York Times had 14 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies maintained The New York Times Company (NYSE:NYT) rating on Monday, September 11. Jefferies has “Hold” rating and $18.0 target. The firm has “Hold” rating by Jefferies given on Thursday, February 8. TheStreet upgraded The New York Times Company (NYSE:NYT) on Tuesday, August 18 to “Buy” rating. The rating was maintained by Jefferies with “Hold” on Thursday, July 27. Jefferies maintained The New York Times Company (NYSE:NYT) on Monday, June 5 with “Hold” rating. The stock of The New York Times Company (NYSE:NYT) earned “Hold” rating by Jefferies on Monday, July 10. The stock of The New York Times Company (NYSE:NYT) has “Hold” rating given on Monday, October 16 by Jefferies. The rating was maintained by FBR Capital on Thursday, August 6 with “Hold”. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, July 19. As per Thursday, February 9, the company rating was initiated by Singular Research. See The New York Times Company (NYSE:NYT) latest ratings:

09/02/2018 Broker: Barclays Capital Rating: Hold New Target: $20.0
08/02/2018 Broker: Jefferies Rating: Hold New Target: $24.0 Maintain

Since February 8, 2018, it had 0 insider buys, and 16 selling transactions for $72.48 million activity. Shares for $79,521 were sold by DENHAM ROBERT E on Friday, February 16. BENTEN R ANTHONY sold $194,709 worth of stock or 7,875 shares. $35.13M worth of The New York Times Company (NYSE:NYT) was sold by Inversora Carso – S.A. de C.V.. Thompson Mark sold 50,000 shares worth $1.25 million. 110,000 shares were sold by FOLLO JAMES M, worth $2.64 million on Monday, February 12. Another trade for 8,000 shares valued at $191,905 was sold by TOBEN DOREEN A. Shares for $402,808 were sold by CESAN RAUL E on Thursday, February 22.

Investors sentiment decreased to 1.44 in 2017 Q4. Its down 0.10, from 1.54 in 2017Q3. It worsened, as 21 investors sold The New York Times Company shares while 52 reduced holdings. 38 funds opened positions while 67 raised stakes. 113.15 million shares or 3.98% more from 108.81 million shares in 2017Q3 were reported. Solaris Asset holds 0% or 300 shares. Walleye Trading Limited Liability invested 0% of its portfolio in The New York Times Company (NYSE:NYT). Ls Invest Advisors Ltd Liability Corp holds 0.01% in The New York Times Company (NYSE:NYT) or 11,957 shares. Bankshares Of New York Mellon Corporation holds 0.02% in The New York Times Company (NYSE:NYT) or 3.54 million shares. Ubs Asset Americas accumulated 78,004 shares or 0% of the stock. Ing Groep Nv owns 18,995 shares for 0.01% of their portfolio. Spears Abacus Lc holds 0.03% of its portfolio in The New York Times Company (NYSE:NYT) for 12,786 shares. Renaissance Techs Ltd Llc has invested 0.01% in The New York Times Company (NYSE:NYT). Acadian Asset Mgmt Ltd Co accumulated 1.94M shares or 0.16% of the stock. Lazard Asset Limited Liability Company stated it has 86,450 shares. Proshare Advsr Limited Liability holds 0% in The New York Times Company (NYSE:NYT) or 30,104 shares. Syntal Ptnrs Limited holds 0.42% of its portfolio in The New York Times Company (NYSE:NYT) for 75,174 shares. Arizona State Retirement System, Arizona-based fund reported 90,612 shares. Nine Masts stated it has 0.72% in The New York Times Company (NYSE:NYT). Grantham Mayo Van Otterloo & Commerce Lc holds 0.01% in The New York Times Company (NYSE:NYT) or 110,000 shares.

The stock decreased 1.75% or $0.4 during the last trading session, reaching $22.5. About 676,398 shares traded. The New York Times Company (NYSE:NYT) has risen 62.46% since April 17, 2017 and is uptrending. It has outperformed by 50.91% the S&P500.

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company has market cap of $3.71 billion. The firm provides The New York Times , a daily and Sunday newspapers in the United States, as well as international edition of The Times; and operates the NYTimes.com Website. It has a 833.33 P/E ratio. It also transmits articles, graphics, and photographs from The Times and other publications to approximately 2000 newspapers, magazines, and Websites; and offers product licensing, book development, news digests, and rights and permissions, as well as is involved in online retail store business.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, May 2 with “Sector Perform”. On Friday, July 29 the stock rating was maintained by Citigroup with “Neutral”. RBC Capital Markets upgraded it to “Buy” rating and $13000 target in Monday, April 2 report. Bernstein upgraded the stock to “Outperform” rating in Monday, July 11 report. RBC Capital Markets maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Monday, August 3. RBC Capital Markets has “Sector Perform” rating and $82 target. The stock has “Hold” rating by RBC Capital Markets on Monday, November 6. The firm earned “Hold” rating on Thursday, July 27 by Stifel Nicolaus. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Buy” rating given on Thursday, August 3 by Argus Research. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Underweight” rating by Morgan Stanley on Thursday, August 3. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, January 31.

Investors sentiment increased to 0.8 in Q4 2017. Its up 0.12, from 0.68 in 2017Q3. It is positive, as 50 investors sold ADP shares while 442 reduced holdings. 113 funds opened positions while 282 raised stakes. 338.15 million shares or 1.20% less from 342.26 million shares in 2017Q3 were reported. 30,541 were accumulated by Cambridge Inv Advisors. Fiera Cap Corp accumulated 2,887 shares or 0% of the stock. Caisse De Depot Et Placement Du Quebec has 110,001 shares for 0.03% of their portfolio. Mycio Wealth Partners Lc accumulated 3,240 shares. Bridges Investment Inc has 3,947 shares. Finemark Bancorporation And Trust owns 0.06% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 8,085 shares. American Asset Mngmt holds 0.14% or 2,000 shares in its portfolio. The Pennsylvania-based Smithfield Tru Company has invested 0.2% in Automatic Data Processing, Inc. (NASDAQ:ADP). Blackrock has 0.16% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Amalgamated Natl Bank reported 0.19% stake. Dubuque Bank & Trust And Tru Communications reported 0.01% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Df Dent & reported 13,793 shares. Spinnaker Tru holds 0.2% or 14,716 shares in its portfolio. The Virginia-based Old Dominion Cap Management has invested 1.14% in Automatic Data Processing, Inc. (NASDAQ:ADP). Sterling Ltd Liability Corporation owns 82,471 shares.

Meiji Yasuda Asset Management Company Ltd increased Coca Cola Co (NYSE:KO) stake by 15,790 shares to 153,965 valued at $7.06 million in 2017Q4. It also upped State Str Corp (NYSE:STT) stake by 5,730 shares and now owns 10,482 shares. Broadridge Finl Solutions In (NYSE:BR) was raised too.

Since December 31, 2017, it had 0 insider purchases, and 26 sales for $43.49 million activity. Shares for $405,250 were sold by Weinstein Donald on Wednesday, January 31. Black Maria also sold $577,837 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Wednesday, January 31. $159,309 worth of stock was sold by Albinson Brock on Tuesday, January 2. Sackman Stuart sold $206,500 worth of stock or 1,652 shares. Another trade for 20,210 shares valued at $2.34 million was sold by Flynn Edward B III. JONES JOHN P III also sold $659,979 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Tuesday, January 2. On Wednesday, January 3 the insider Rodriguez Carlos A sold $11.31M.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on May, 2 before the open. They expect $1.44 earnings per share, up 9.92% or $0.13 from last year’s $1.31 per share. ADP’s profit will be $638.31 million for 20.42 P/E if the $1.44 EPS becomes a reality. After $0.99 actual earnings per share reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 45.45% EPS growth.

The New York Times Company (NYSE:NYT) Institutional Positions Chart

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By1 David Stenberg

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