The New York Times Company (NYSE:NYT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of The New York Times Company (NYSE:NYT - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 456,232 shares of the company's stock after selling 10,796 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of New York Times worth $23,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in New York Times by 0.7% in the 3rd quarter. State Street Corp now owns 4,785,844 shares of the company's stock worth $266,428,000 after buying an additional 32,905 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of New York Times by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 64,088 shares of the company's stock worth $3,568,000 after acquiring an additional 1,415 shares in the last quarter. Barclays PLC increased its position 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 worth $6,862,000 after purchasing an additional 65,438 shares in the last quarter. Geode Capital Management LLC increased its position in New York Times by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,932,816 shares of the company's stock valued at $218,978,000 after buying an additional 154,509 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of New York Times by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company's stock valued at $260,000 after acquiring an additional 193 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NYT shares. StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a research note on Friday. Morgan Stanley decreased their target price 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, New York Times has an average rating of "Moderate Buy" and a consensus price target of $56.00.

New York Times Stock Performance

Shares of NYT traded up $0.13 during mid-day trading on Tuesday, hitting $48.62. 160,978 shares of the company were exchanged, compared to its average volume of 1,821,385. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $58.16. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10. The company has a 50 day moving average of $48.50 and a 200-day moving average of $52.12.

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

New York Times Increases Dividend

The business also recently disclosed 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 of this dividend is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. This is a positive change from New York Times's previous quarterly dividend of $0.13. New York Times's payout ratio 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.