Capital World Investors Acquires 6,889 Shares of The New York Times Company (NYSE:NYT)

Capital World Investors increased its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,062,981 shares of the company's stock after purchasing an additional 6,889 shares during the period. Capital World Investors owned about 0.65% of New York Times worth $55,328,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NYT. Dimensional Fund Advisors LP boosted its stake in New York Times by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,496,614 shares of the company's stock worth $129,954,000 after buying an additional 145,997 shares in the last quarter. First Trust Advisors LP boosted its position in shares of New York Times by 95.2% during the 4th quarter. First Trust Advisors LP now owns 196,571 shares of the company's stock valued at $10,232,000 after acquiring an additional 95,852 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in New York Times by 4.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 144,141 shares of the company's stock valued at $7,499,000 after acquiring an additional 5,562 shares during the period. Canada Pension Plan Investment Board acquired a new position in New York Times in the fourth quarter worth about $250,000. Finally, Farringdon Capital Ltd. bought a new position in New York Times during the fourth quarter worth about $304,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Stock Up 1.2 %

NYT traded up $0.63 during trading on Friday, hitting $51.24. The company's stock had a trading volume of 1,182,948 shares, compared to its average volume of 1,312,068. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10. The firm's 50 day moving average price is $48.48 and its two-hundred day moving average price is $51.85. The New York Times Company has a 12 month low of $42.33 and a 12 month high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly 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, sell-side analysts forecast that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st were given 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 1.41%. This is an increase from New York Times's previous quarterly dividend of $0.13. New York Times's payout ratio is presently 40.45%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NYT. StockNews.com raised New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Morgan Stanley dropped their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, New York Times presently has an average rating of "Moderate Buy" and a consensus target price of $56.00.

New York Times Company 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.