Corient Private Wealth LLC cut its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,729 shares of the company's stock after selling 9,127 shares during the period. Corient Private Wealth LLC's holdings in New York Times were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently modified their holdings of NYT. Commerce Bank lifted its position in New York Times by 74.0% in the 3rd quarter. Commerce Bank now owns 12,988 shares of the company's stock valued at $723,000 after acquiring an additional 5,523 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in New York Times by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,862,569 shares of the company's stock worth $103,689,000 after buying an additional 7,654 shares in the last quarter. Citigroup Inc. boosted its position in New York Times by 13.5% during the third quarter. Citigroup Inc. now owns 82,481 shares of the company's stock valued at $4,592,000 after purchasing an additional 9,820 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of New York Times by 10.8% in the 3rd quarter. Cerity Partners LLC now owns 15,999 shares of the company's stock valued at $891,000 after buying an additional 1,556 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of New York Times by 324.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,170 shares of the company's stock worth $845,000 after purchasing an additional 11,600 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently commented on NYT. Morgan Stanley reduced their price target on New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company 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 Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, New York Times presently has a consensus rating of "Moderate Buy" and an average target price of $56.00.
Check Out Our Latest Research Report on New York Times
New York Times Trading Down 0.0 %
NYSE NYT traded down $0.01 during midday trading on Friday, hitting $48.97. The company had a trading volume of 1,237,064 shares, compared to its average volume of 1,265,305. The company has a market capitalization of $8.00 billion, a PE ratio of 27.51, a P/E/G ratio of 1.75 and a beta of 1.18. The New York Times Company has a twelve month low of $41.55 and a twelve month high of $58.16. The firm has a 50-day moving average price of $49.93 and a 200-day moving average price of $52.71.
New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. On average, equities analysts anticipate that The New York Times Company will post 2.08 EPS for the current year.
New York Times Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. This is a boost from New York Times's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. New York Times's dividend payout ratio is currently 40.45%.
New York Times 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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