Wells Fargo & Company MN boosted its position in shares of New York Times Co (NYSE:NYT) by 82.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,848 shares of the company’s stock after buying an additional 86,931 shares during the period. Wells Fargo & Company MN’s holdings in New York Times were worth $3,550,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in NYT. JPMorgan Chase & Co. grew its stake in New York Times by 247.9% during the third quarter. JPMorgan Chase & Co. now owns 539,700 shares of the company’s stock worth $10,606,000 after buying an additional 384,565 shares in the last quarter. Majedie Asset Management Ltd acquired a new stake in New York Times during the fourth quarter worth about $4,624,000. Wasatch Advisors Inc. grew its stake in New York Times by 70.2% during the fourth quarter. Wasatch Advisors Inc. now owns 400,935 shares of the company’s stock worth $7,417,000 after buying an additional 165,326 shares in the last quarter. First Trust Advisors LP grew its stake in New York Times by 456.0% during the fourth quarter. First Trust Advisors LP now owns 193,536 shares of the company’s stock worth $3,580,000 after buying an additional 158,729 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of New York Times by 388.7% in the third quarter. Russell Investments Group Ltd. now owns 133,466 shares of the company’s stock worth $2,616,000 after acquiring an additional 106,153 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of New York Times from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research cut shares of New York Times from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Barclays set a $20.00 target price on shares of New York Times and gave the stock a “hold” rating in a report on Sunday, February 11th.
NYT stock opened at $23.60 on Friday. The stock has a market capitalization of $3,823.82, a PE ratio of 29.50, a P/E/G ratio of 1.99 and a beta of 1.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.80 and a quick ratio of 1.80. New York Times Co has a 12 month low of $14.15 and a 12 month high of $25.70.
New York Times (NYSE:NYT) last posted its earnings results on Thursday, February 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.09. The firm had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $467.30 million. New York Times had a net margin of 0.26% and a return on equity of 14.84%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. analysts anticipate that New York Times Co will post 0.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Wednesday, April 4th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.68%. New York Times’s dividend payout ratio (DPR) is currently 20.00%.
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New York Times Company Profile
The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.
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