Braun Stacey Associates Inc. Acquires Shares of 148,490 The New York Times Company (NYSE:NYT)

Braun Stacey Associates Inc. acquired a new stake in shares of The New York Times Company (NYSE:NYT - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 148,490 shares of the company's stock, valued at approximately $8,266,000. Braun Stacey Associates Inc. owned approximately 0.09% of New York Times at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in New York Times by 356.4% during the third quarter. UMB Bank n.a. now owns 461 shares of the company's stock valued at $26,000 after acquiring an additional 360 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of New York Times by 129.4% in the second quarter. GAMMA Investing LLC now owns 1,404 shares of the company's stock worth $72,000 after purchasing an additional 792 shares during the last quarter. Signaturefd LLC lifted its position 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 buying an additional 432 shares in the last quarter. Blue Trust Inc. boosted its stake in New York Times by 401.8% during the second quarter. Blue Trust Inc. now owns 2,248 shares of the company's stock valued at $115,000 after buying an additional 1,800 shares during the last quarter. Finally, Paladin Wealth LLC purchased a new position in New York Times during the 3rd quarter valued at approximately $172,000. Institutional investors own 95.37% of the company's stock.

New York Times Price Performance

Shares of NYT traded down $0.01 during midday trading on Monday, hitting $52.45. The stock had a trading volume of 708,133 shares, compared to its average volume of 1,114,533. The stock's 50 day moving average is $54.84 and its 200 day moving average is $52.80. The firm has a market cap of $8.61 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $57.08.

New York Times (NYSE:NYT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The company had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. During the same period in the prior year, the company posted $0.37 EPS. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that The New York Times Company will post 1.84 earnings per share for the current fiscal year.

New York Times Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times's payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

NYT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on New York Times from $65.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Barclays increased their price objective on shares of New York Times from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of New York Times from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $54.83.

About New York Times

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.