Robeco Institutional Asset Management B.V. Purchases 48,329 Shares of The New York Times Company (NYSE:NYT)

Robeco Institutional Asset Management B.V. raised its stake in shares of The New York Times Company (NYSE:NYT - Free Report) by 60.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 128,136 shares of the company's stock after purchasing an additional 48,329 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.08% of New York Times worth $6,669,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NYT. Wellington Management Group LLP raised its holdings in New York Times by 2.0% in the 3rd quarter. Wellington Management Group LLP now owns 6,074,514 shares of the company's stock valued at $338,168,000 after acquiring an additional 118,479 shares in the last quarter. State Street Corp raised its stake 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 in the last quarter. Geode Capital Management LLC lifted its position in New York Times by 4.1% in the third quarter. Geode Capital Management LLC now owns 3,932,816 shares of the company's stock worth $218,978,000 after purchasing an additional 154,509 shares during the period. Franklin Resources Inc. boosted its stake in New York Times by 1.5% during the third quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company's stock worth $187,544,000 after buying an additional 49,853 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in New York Times by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,862,569 shares of the company's stock valued at $103,689,000 after buying an additional 7,654 shares during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

New York Times Trading Down 12.0 %

NYT stock traded down $6.69 during trading on Wednesday, hitting $49.21. 5,549,081 shares of the stock traded hands, compared to its average volume of 1,707,325. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 1.51 and a beta of 1.01. The New York Times Company has a one year low of $41.55 and a one year high of $58.16. The company has a 50 day simple moving average of $53.52 and a 200 day simple moving average of $54.12.

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 net margin of 11.04% and a return on equity of 17.75%. As a group, analysts predict that The New York Times Company will post 1.84 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.46%. This is a boost from New York Times's previous quarterly dividend of $0.13. New York Times's dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

NYT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of New York Times from $65.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on shares of New York Times from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $54.83.

New York Times 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.