Swiss National Bank Sells 2,300 Shares of The New York Times Company (NYSE:NYT)

Swiss National Bank reduced its holdings in The New York Times Company (NYSE:NYTGet Rating) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 392,800 shares of the company’s stock after selling 2,300 shares during the quarter. Swiss National Bank’s holdings in New York Times were worth $10,959,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NYT. Stockbridge Partners LLC grew its position in shares of New York Times by 61.5% in the 1st quarter. Stockbridge Partners LLC now owns 6,490,990 shares of the company’s stock worth $297,547,000 after buying an additional 2,470,866 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of New York Times by 31.9% in the 1st quarter. Wellington Management Group LLP now owns 5,741,738 shares of the company’s stock valued at $263,201,000 after purchasing an additional 1,389,189 shares during the period. Greenoaks Capital Partners LLC lifted its stake in shares of New York Times by 138.4% in the 1st quarter. Greenoaks Capital Partners LLC now owns 1,350,000 shares of the company’s stock valued at $61,884,000 after purchasing an additional 783,750 shares during the period. Emerson Point Capital LP purchased a new position in shares of New York Times in the 1st quarter valued at approximately $24,755,000. Finally, Ardevora Asset Management LLP lifted its stake in shares of New York Times by 45.8% in the 2nd quarter. Ardevora Asset Management LLP now owns 1,626,738 shares of the company’s stock valued at $45,386,000 after purchasing an additional 511,299 shares during the period. 97.42% of the stock is currently owned by institutional investors.

New York Times Trading Down 0.5 %

Shares of NYSE:NYT opened at $35.69 on Monday. The stock has a fifty day simple moving average of $30.84 and a two-hundred day simple moving average of $31.23. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 34.65 and a beta of 0.96. The New York Times Company has a 12-month low of $27.58 and a 12-month high of $48.61.

New York Times Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Monday, October 10th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, October 6th. New York Times’s payout ratio is 34.95%.

Analyst Ratings Changes

NYT has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on New York Times from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, August 4th. StockNews.com initiated coverage on New York Times in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.93.

About New York Times

(Get Rating)

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

Further Reading

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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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