Invesco Ltd. Grows Position in The New York Times Company (NYSE:NYT)

Invesco Ltd. increased its stake in The New York Times Company (NYSE:NYT - Free Report) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,145,748 shares of the company's stock after purchasing an additional 322,141 shares during the period. Invesco Ltd. owned 1.31% of New York Times worth $111,686,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of New York Times by 511.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock worth $25,000 after purchasing an additional 394 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of New York Times in the 4th quarter valued at $36,000. UMB Bank n.a. increased its stake in shares of New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company's stock worth $39,000 after acquiring an additional 283 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of New York Times by 27.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock worth $60,000 after purchasing an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in New York Times by 20.2% during the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company's stock valued at $131,000 after purchasing an additional 424 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

Several research analysts recently weighed in on the company. 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 research 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 Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

New York Times Stock Performance

Shares of NYSE NYT traded up $0.25 during mid-day trading on Tuesday, reaching $48.74. The company's stock had a trading volume of 1,112,674 shares, compared to its average volume of 1,297,606. The stock has a 50-day moving average of $48.50 and a two-hundred day moving average of $52.12. The stock has a market capitalization of $7.96 billion, a P/E ratio of 27.38, a P/E/G ratio of 1.75 and a beta of 1.10. 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 announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, topping 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%. Analysts predict that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be paid 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 dividend on an annualized basis and a yield of 1.48%. New York Times's payout ratio is 40.45%.

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.