FIL Ltd grew its position in The New York Times Company (NYSE:NYT - Free Report) by 96.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,644 shares of the company's stock after purchasing an additional 11,138 shares during the period. FIL Ltd's holdings in New York Times were worth $1,179,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in NYT. Public Employees Retirement System of Ohio raised its position in shares of New York Times by 2.3% in the third 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 during the period. Barclays PLC lifted its position in 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 buying an additional 65,438 shares in the last quarter. Geode Capital Management LLC boosted its holdings in New York Times by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,932,816 shares of the company's stock valued at $218,978,000 after purchasing an additional 154,509 shares during the last quarter. Coldstream Capital Management Inc. raised its position in New York Times by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company's stock valued at $260,000 after purchasing an additional 193 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in New York Times in the 3rd quarter valued at about $278,000. 95.37% of the stock is owned by hedge funds and other institutional investors.
New York Times Stock Performance
Shares of NYSE:NYT traded up $0.25 during midday trading on Tuesday, hitting $48.74. 1,112,674 shares of the company's stock traded hands, compared to its average volume of 1,297,606. The firm's fifty day moving average price is $48.50 and its two-hundred day moving average price is $52.12. The company has a market cap of $7.96 billion, a PE ratio of 27.38, a P/E/G ratio of 1.75 and a beta of 1.10. The New York Times Company has a twelve month low of $41.55 and a twelve month high of $58.16.
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, 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%. As a group, equities research 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 will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. This is a boost from New York Times's previous quarterly dividend of $0.13. New York Times's dividend payout ratio is currently 40.45%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on NYT shares. Morgan Stanley lowered their price objective on New York Times from $56.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $56.00.
Check Out Our Latest Research Report on NYT
About New York Times
(
Free Report)
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.
Featured Stories
Before you consider New York Times, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New York Times wasn't on the list.
While New York Times currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
