Mitsubishi UFJ Trust & Banking Corp Has $20.65 Million Position in The New York Times Company (NYSE:NYT)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of The New York Times Company (NYSE:NYTFree Report) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 501,130 shares of the company’s stock after selling 4,550 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in New York Times were worth $20,647,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of New York Times by 2.3% during the 3rd quarter. Fifth Third Bancorp now owns 12,134 shares of the company’s stock valued at $500,000 after purchasing an additional 276 shares in the last quarter. Mariner LLC lifted its holdings in shares of New York Times by 1.0% during the 4th quarter. Mariner LLC now owns 28,504 shares of the company’s stock valued at $925,000 after purchasing an additional 288 shares in the last quarter. BlackDiamond Wealth Management Inc. lifted its holdings in shares of New York Times by 2.4% during the 2nd quarter. BlackDiamond Wealth Management Inc. now owns 14,302 shares of the company’s stock valued at $578,000 after purchasing an additional 331 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of New York Times by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 21,607 shares of the company’s stock valued at $991,000 after purchasing an additional 354 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in New York Times by 31.9% in the 1st quarter. Belpointe Asset Management LLC now owns 1,510 shares of the company’s stock valued at $59,000 after acquiring an additional 365 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Stock Up 0.4 %

Shares of New York Times stock opened at $43.90 on Monday. The New York Times Company has a 12-month low of $35.06 and a 12-month high of $49.87. The stock has a market cap of $7.22 billion, a P/E ratio of 31.58 and a beta of 1.08. The business’s 50 day moving average is $47.43 and its 200-day moving average is $44.40.

New York Times (NYSE:NYTGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.10. New York Times had a return on equity of 16.87% and a net margin of 9.58%. The company had revenue of $676.20 million for the quarter, compared to analysts’ expectations of $680.02 million. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts expect that The New York Times Company will post 1.64 EPS for the current year.

New York Times Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, April 2nd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, April 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from New York Times’s previous quarterly dividend of $0.11. New York Times’s dividend payout ratio is currently 31.65%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley boosted their target price on New York Times from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. StockNews.com cut New York Times from a “buy” rating to a “hold” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.75.

View Our Latest Report on NYT

New York Times Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The New York Times Company (NYSE:NYTFree Report).

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

Receive News & Ratings for New York Times Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times and related companies with MarketBeat.com's FREE daily email newsletter.