OneDigital Investment Advisors LLC Has $304,000 Holdings in The New York Times Company (NYSE:NYT)

OneDigital Investment Advisors LLC cut its position in The New York Times Company (NYSE:NYT) by 4.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,460 shares of the company’s stock after selling 271 shares during the period. OneDigital Investment Advisors LLC’s holdings in New York Times were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in New York Times by 72.9% in the 1st quarter. Janus Henderson Group PLC now owns 122,820 shares of the company’s stock valued at $5,308,000 after acquiring an additional 51,801 shares during the period. Comerica Bank boosted its holdings in shares of New York Times by 15.6% during the 1st quarter. Comerica Bank now owns 83,282 shares of the company’s stock worth $3,599,000 after buying an additional 11,234 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in New York Times in the 1st quarter valued at about $2,623,000. Tidal Investments LLC raised its holdings in New York Times by 391.9% in the 1st quarter. Tidal Investments LLC now owns 25,009 shares of the company’s stock valued at $1,081,000 after acquiring an additional 19,925 shares during the period. Finally, Algert Global LLC lifted its position in New York Times by 17.2% during the second quarter. Algert Global LLC now owns 106,623 shares of the company’s stock worth $5,460,000 after acquiring an additional 15,655 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on NYT. JPMorgan Chase & Co. lifted their target price on 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 lifted their price objective on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Barclays raised their target price on shares of New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

New York Times Price Performance

Shares of NYT stock opened at $53.25 on Friday. The New York Times Company has a one year low of $41.55 and a one year high of $57.08. The company has a market cap of $8.73 billion, a P/E ratio of 31.51, a P/E/G ratio of 1.65 and a beta of 1.02. The firm has a 50-day moving average of $54.82 and a 200-day moving average of $52.90.

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

New York Times Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.98%. New York Times’s dividend payout ratio (DPR) is presently 30.77%.

About New York Times

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.