82,739 Shares in The New York Times Company (NYSE:NYT) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in The New York Times Company (NYSE:NYT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 82,739 shares of the company's stock, valued at approximately $4,307,000. Edgestream Partners L.P. owned about 0.05% of New York Times at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of New York Times by 2.0% in the third quarter. Wellington Management Group LLP now owns 6,074,514 shares of the company's stock worth $338,168,000 after acquiring an additional 118,479 shares in the last quarter. State Street Corp raised its position in shares of New York Times by 0.7% in the third quarter. State Street Corp now owns 4,785,844 shares of the company's stock valued at $266,428,000 after purchasing an additional 32,905 shares during the period. Geode Capital Management LLC grew its holdings in New York Times by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,932,816 shares of the company's stock valued at $218,978,000 after buying an additional 154,509 shares in the last quarter. Franklin Resources Inc. boosted its holdings in New York Times by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company's stock valued at $187,544,000 after purchasing an additional 49,853 shares during the period. Finally, Baillie Gifford & Co. lifted its position in shares of New York Times by 228.3% during the 4th quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company's stock valued at $132,040,000 after acquiring an additional 1,764,078 shares during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.33.

New York Times Trading Down 1.8 %

NYT traded down $0.90 during midday trading on Wednesday, reaching $47.87. The company's stock had a trading volume of 2,811,725 shares, compared to its average volume of 1,874,533. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.75 and a beta of 1.18. The stock's 50-day moving average is $50.78 and its 200-day moving average is $53.20. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. As a group, equities 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 will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 1st. This is an increase from New York Times's previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a yield of 1.50%. New York Times's payout ratio is 40.45%.

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.