LGT Fund Management Co Ltd. Buys 28,893 Shares of The New York Times Company (NYSE:NYT)

LGT Fund Management Co Ltd. boosted its position in The New York Times Company (NYSE:NYT - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,282 shares of the company's stock after purchasing an additional 28,893 shares during the period. LGT Fund Management Co Ltd. owned about 0.09% of New York Times worth $7,978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NYT. Creative Planning raised its stake in New York Times by 5.0% in the 3rd quarter. Creative Planning now owns 10,903 shares of the company's stock valued at $607,000 after acquiring an additional 520 shares during the period. International Assets Investment Management LLC raised its position in shares of New York Times by 5,467.1% in the third quarter. International Assets Investment Management LLC now owns 25,052 shares of the company's stock valued at $1,395,000 after purchasing an additional 24,602 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in New York Times by 8.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,226 shares of the company's stock worth $736,000 after buying an additional 1,053 shares during the period. State of Alaska Department of Revenue grew its stake in New York Times by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,039 shares of the company's stock valued at $1,059,000 after buying an additional 1,285 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in New York Times by 826.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,872 shares of the company's stock valued at $327,000 after acquiring an additional 5,238 shares during the period. 95.37% of the stock is owned by institutional investors.

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New York Times Price Performance

NYSE NYT traded up $0.47 during trading hours on Thursday, reaching $47.39. 2,736,488 shares of the stock traded hands, compared to its average volume of 1,859,027. The stock has a 50 day simple moving average of $51.10 and a two-hundred day simple moving average of $53.38. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.75 and a beta of 1.01.

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 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, sell-side analysts forecast that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a $0.18 dividend. This is a boost from New York Times's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.52%. New York Times's dividend payout ratio is 40.45%.

Analyst Ratings Changes

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

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.