Barclays PLC boosted its position in The New York Times Company (NYSE:NYT - Free Report) by 103.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 251,176 shares of the company's stock after buying an additional 127,920 shares during the period. Barclays PLC owned approximately 0.15% of New York Times worth $13,075,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of NYT. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of New York Times by 511.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock valued at $25,000 after acquiring an additional 394 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in New York Times in the fourth quarter valued at $36,000. UMB Bank n.a. grew its position in New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company's stock worth $39,000 after purchasing an additional 283 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of New York Times by 27.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock valued at $60,000 after buying an additional 247 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of New York Times by 12.6% in the 4th quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock valued at $99,000 after buying an additional 212 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently commented on NYT. Morgan Stanley dropped their target price on New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.00.
Check Out Our Latest Stock Analysis on New York Times
New York Times Price Performance
NYT stock traded up $0.30 during mid-day trading on Wednesday, reaching $50.42. 1,905,903 shares of the company's stock were exchanged, compared to its average volume of 1,309,823. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10. The New York Times Company has a 12-month low of $42.33 and a 12-month high of $58.16. The stock's 50 day moving average is $48.45 and its 200 day moving average is $51.89.
New York Times (NYSE:NYT - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. On average, research analysts forecast that The New York Times Company will post 2.08 earnings per share for the current fiscal year.
New York Times Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from New York Times's previous quarterly dividend of $0.13. New York Times's payout ratio is currently 40.45%.
New York Times Company Profile
(
Free Report)
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.
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