Fmr LLC Has $29.17 Million Position in The New York Times Company (NYSE:NYT)

Fmr LLC raised its holdings in The New York Times Company (NYSE:NYT) by 41.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 524,032 shares of the company’s stock after acquiring an additional 154,822 shares during the quarter. Fmr LLC’s holdings in New York Times were worth $29,173,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. increased its stake in shares of New York Times by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the last quarter. Signaturefd LLC increased its stake in shares of New York Times by 34.2% during the 2nd quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after purchasing an additional 432 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of New York Times by 401.8% during the 2nd quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock worth $115,000 after buying an additional 1,800 shares during the period. GAMMA Investing LLC boosted its holdings in shares of New York Times by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock worth $117,000 after buying an additional 698 shares during the period. Finally, Paladin Wealth LLC bought a new stake in shares of New York Times during the 3rd quarter worth about $172,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Trading Up 0.9 %

NYSE NYT opened at $56.76 on Tuesday. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 1.78 and a beta of 1.00. The firm’s 50 day simple moving average is $54.80 and its 200 day simple moving average is $53.52.

New York Times (NYSE:NYT) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The company had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. During the same quarter last year, the company posted $0.37 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times’s payout ratio is 30.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NYT. JPMorgan Chase & Co. lifted their target price on shares of New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, New York Times has a consensus rating of “Moderate Buy” and an average price target of $54.83.

New York Times Company Profile

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company’s mobile application, website, printed newspaper, and associated content, such as podcast.