The New York Times Company (NYSE:NYT) Position Increased by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC boosted its stake in The New York Times Company (NYSE:NYT - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,651,762 shares of the company's stock after purchasing an additional 268,085 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 1.01% of New York Times worth $85,974,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NYT. Barclays PLC grew its stake in shares of New York Times by 113.2% during the third quarter. Barclays PLC now owns 123,256 shares of the company's stock valued at $6,862,000 after acquiring an additional 65,438 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of New York Times during the third quarter valued at about $278,000. Tidal Investments LLC grew its stake in shares of New York Times by 17.4% during the third quarter. Tidal Investments LLC now owns 20,715 shares of the company's stock valued at $1,153,000 after acquiring an additional 3,071 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of New York Times by 1.5% during the third quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company's stock valued at $187,544,000 after acquiring an additional 49,853 shares in the last quarter. Finally, Copley Financial Group Inc. acquired a new stake in shares of New York Times during the third quarter valued at about $485,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NYT. Morgan Stanley lowered their target price on 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. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, New York Times has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

New York Times Stock Performance

Shares of NYT stock traded up $0.28 during trading hours on Tuesday, hitting $51.66. 1,525,288 shares of the company were exchanged, compared to its average volume of 1,317,467. The New York Times Company has a one year low of $42.71 and a one year high of $58.16. The business's 50-day simple moving average is $48.56 and its two-hundred day simple moving average is $51.75. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 1.75 and a beta of 1.10.

New York Times (NYSE:NYT - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. As a group, analysts anticipate that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 1st were issued a $0.18 dividend. This is an increase from New York Times's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.39%. New York Times's dividend payout ratio (DPR) is 40.45%.

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.