Rockefeller Capital Management L.P. Purchases Shares of 25,368 The New York Times Company (NYSE:NYT)

Rockefeller Capital Management L.P. purchased a new stake in shares of The New York Times Company (NYSE:NYT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,368 shares of the company's stock, valued at approximately $1,320,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NYT. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of New York Times by 511.7% in the 4th 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 period. Mountain Hill Investment Partners Corp. purchased a new position in shares of New York Times during the 4th quarter worth approximately $36,000. UMB Bank n.a. raised its holdings in 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 purchasing an additional 283 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of New York Times by 27.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company's stock valued at $60,000 after buying an additional 247 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of New York Times by 12.6% during the 4th quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock valued at $99,000 after buying an additional 212 shares in the last quarter. 95.37% of the stock is owned by institutional investors.

New York Times Stock Performance

Shares of NYSE:NYT traded up $0.63 during midday trading on Friday, reaching $51.24. 612,099 shares of the company's stock traded hands, compared to its average volume of 1,310,601. The New York Times Company has a one year low of $42.33 and a one year high of $58.16. The stock has a 50 day moving average of $48.48 and a 200 day moving average of $51.85. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 1.75 and a beta of 1.10.

New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings results 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 net margin of 11.36% and a return on equity of 18.51%. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st were given a $0.18 dividend. The ex-dividend date was 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 1.41%. New York Times's dividend payout ratio (DPR) is presently 40.45%.

Analyst Ratings Changes

A number of brokerages have weighed in on NYT. Morgan Stanley cut their price objective on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

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.