State of New Jersey Common Pension Fund D Increases Stock Holdings in The New York Times Company (NYSE:NYT)

State of New Jersey Common Pension Fund D grew its stake in The New York Times Company (NYSE:NYTGet Rating) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 98,544 shares of the company’s stock after buying an additional 4,580 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in New York Times were worth $2,833,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NYT. UBS Group AG boosted its stake in shares of New York Times by 34,889.2% in the 2nd quarter. UBS Group AG now owns 4,518,509 shares of the company’s stock valued at $126,066,000 after buying an additional 4,505,595 shares during the period. ValueAct Holdings L.P. purchased a new position in shares of New York Times in the 2nd quarter valued at about $86,351,000. Stockbridge Partners LLC boosted its stake 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 valued at $297,547,000 after buying an additional 2,470,866 shares during the period. Wellington Management Group LLP boosted 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 buying an additional 1,389,189 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of New York Times by 242.8% in the 2nd quarter. Millennium Management LLC now owns 930,996 shares of the company’s stock valued at $25,975,000 after buying an additional 659,430 shares during the period. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analysts Set New Price Targets

NYT has been the subject of several recent research reports. Morgan Stanley cut New York Times from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a research note on Friday, December 16th. StockNews.com began coverage on New York Times in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, TheStreet raised New York Times from a “c+” rating to a “b-” rating in a research report on Monday, December 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, New York Times presently has an average rating of “Hold” and an average price target of $34.75.

New York Times Stock Down 0.1 %

NYT opened at $34.10 on Monday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 33.11 and a beta of 1.05. The New York Times Company has a 52 week low of $27.58 and a 52 week high of $47.67. The business’s 50 day moving average is $34.26 and its two-hundred day moving average is $31.70.

New York Times (NYSE:NYTGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. The company had revenue of $547.68 million for the quarter, compared to analyst estimates of $547.11 million. New York Times had a return on equity of 11.76% and a net margin of 7.74%. Equities analysts expect that The New York Times Company will post 1.08 EPS for the current fiscal year.

New York Times Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 19th. Shareholders of record on Wednesday, January 4th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, January 3rd. New York Times’s dividend payout ratio (DPR) is 34.95%.

Insiders Place Their Bets

In other news, Director David S. Perpich sold 6,478 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $35.71, for a total value of $231,329.38. Following the transaction, the director now owns 19,699 shares of the company’s stock, valued at $703,451.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

New York Times Company Profile

(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.

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

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