The New York Times Company (NYSE:NYT) Shares Acquired by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. lifted its holdings in The New York Times Company (NYSE:NYT - Free Report) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 462,032 shares of the company's stock after acquiring an additional 14,407 shares during the quarter. Comgest Global Investors S.A.S. owned 0.28% of New York Times worth $25,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NYT. UMB Bank n.a. lifted its stake in shares of New York Times by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company's stock valued at $26,000 after purchasing an additional 360 shares during the period. GAMMA Investing LLC lifted its stake in shares of New York Times by 129.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,404 shares of the company's stock valued at $72,000 after purchasing an additional 792 shares during the period. Signaturefd LLC lifted its stake in shares of New York Times by 34.2% in the 2nd quarter. Signaturefd LLC now owns 1,694 shares of the company's stock valued at $87,000 after purchasing an additional 432 shares during the period. Blue Trust Inc. grew its stake in New York Times by 401.8% in the 2nd quarter. Blue Trust Inc. now owns 2,248 shares of the company's stock valued at $115,000 after acquiring an additional 1,800 shares during the period. Finally, Paladin Wealth LLC acquired a new stake in New York Times in the 3rd quarter valued at $172,000. Institutional investors and hedge funds own 95.37% of the company's stock.

New York Times Price Performance

Shares of NYSE NYT traded down $1.76 during midday trading on Friday, hitting $52.46. 1,492,826 shares of the company's stock were exchanged, compared to its average volume of 1,116,364. The New York Times Company has a twelve month low of $41.55 and a twelve month high of $57.08. The firm's fifty day simple moving average is $54.84 and its 200-day simple moving average is $52.67. The company has a market cap of $8.62 billion, a PE ratio of 31.04, a P/E/G ratio of 1.73 and a beta of 1.02.

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

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times's dividend payout ratio (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

NYT has been the subject of several recent research reports. Barclays increased their price objective on New York Times from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft increased their price objective on New York Times from $65.00 to $66.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their price objective on New York Times from $58.00 to $62.00 and gave the company an "overweight" rating in a research note 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.