Inceptionr LLC lessened its stake in The New York Times Company (NYSE:NYT - Free Report) by 26.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,607 shares of the company's stock after selling 8,045 shares during the quarter. Inceptionr LLC's holdings in New York Times were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of NYT. Raymond James Financial Inc. acquired a new stake in New York Times in the fourth quarter worth about $1,544,000. Arizona State Retirement System boosted its stake in shares of New York Times by 0.7% in the 4th quarter. Arizona State Retirement System now owns 45,064 shares of the company's stock valued at $2,346,000 after purchasing an additional 330 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of New York Times during the 4th quarter worth approximately $1,200,000. M&T Bank Corp raised its stake in shares of New York Times by 9.6% during the fourth quarter. M&T Bank Corp now owns 11,662 shares of the company's stock worth $607,000 after buying an additional 1,024 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in New York Times by 5.9% in the fourth quarter. Assetmark Inc. now owns 47,995 shares of the company's stock valued at $2,498,000 after buying an additional 2,679 shares during the period. 95.37% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have commented on NYT. Morgan Stanley lowered their target price on shares of 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 New York Times from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, New York Times has a consensus rating of "Moderate Buy" and a consensus price target of $55.33.
Check Out Our Latest Research Report on NYT
New York Times Trading Up 1.1 %
Shares of NYT stock traded up $0.52 on Monday, hitting $49.74. The stock had a trading volume of 2,169,128 shares, compared to its average volume of 1,868,418. The New York Times Company has a twelve month low of $41.55 and a twelve month high of $58.16. The company has a fifty day moving average price of $50.90 and a two-hundred day moving average price of $53.28. The firm has a market cap of $8.12 billion, a P/E ratio of 27.94, a PEG ratio of 1.75 and a beta of 1.18.
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 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, analysts expect that The New York Times Company will post 2.08 earnings per share for the current year.
New York Times Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.18 per share. 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 1.45%. The ex-dividend date of this dividend is Tuesday, April 1st. New York Times's dividend payout ratio (DPR) is 40.45%.
New York Times Company 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.
Featured Articles
Before you consider New York Times, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New York Times wasn't on the list.
While New York Times currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
