Vanguard Personalized Indexing Management LLC Grows Stock Position in The New York Times Company (NYSE:NYT)

Vanguard Personalized Indexing Management LLC increased its position in shares of The New York Times Company (NYSE:NYTFree Report) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,576 shares of the company’s stock after purchasing an additional 420 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in New York Times were worth $1,013,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trillium Asset Management LLC lifted its holdings in New York Times by 16.4% in the third quarter. Trillium Asset Management LLC now owns 148,723 shares of the company’s stock valued at $6,127,000 after acquiring an additional 20,941 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of New York Times by 103.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 505,680 shares of the company’s stock valued at $19,914,000 after purchasing an additional 257,210 shares during the last quarter. Pinebridge Investments L.P. purchased a new position in shares of New York Times during the 2nd quarter worth $39,000. KBC Group NV acquired a new stake in shares of New York Times during the 2nd quarter worth about $3,458,000. Finally, Cadian Capital Management LP raised its holdings in New York Times by 8.9% in the 2nd quarter. Cadian Capital Management LP now owns 2,746,974 shares of the company’s stock valued at $108,176,000 after buying an additional 225,000 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NYT has been the topic of a number of research analyst reports. StockNews.com downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research note on Thursday. 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 report on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.75.

Read Our Latest Stock Analysis on NYT

New York Times Stock Performance

Shares of NYT opened at $43.90 on Monday. The stock has a market capitalization of $7.22 billion, a PE ratio of 31.58 and a beta of 1.08. The company’s 50-day simple moving average is $47.43 and its 200-day simple moving average is $44.40. The New York Times Company has a 1 year low of $35.06 and a 1 year high of $49.87.

New York Times (NYSE:NYTGet Free Report) last released its earnings results 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. The company had revenue of $676.20 million for the quarter, compared to analyst estimates of $680.02 million. New York Times had a net margin of 9.58% and a return on equity of 16.87%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. On average, sell-side analysts predict that The New York Times Company will post 1.64 earnings per share for the current year.

New York Times Increases Dividend

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

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.

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

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