UMB Bank n.a. Grows Stock Position in The New York Times Company (NYSE:NYT)

UMB Bank n.a. grew its position in shares of The New York Times Company (NYSE:NYT) by 61.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 744 shares of the company’s stock after buying an additional 283 shares during the period. UMB Bank n.a.’s holdings in New York Times were worth $39,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NYT. Coldstream Capital Management Inc. lifted its holdings in New York Times by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock valued at $260,000 after purchasing an additional 193 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of New York Times by 2.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,867 shares of the company’s stock valued at $608,000 after buying an additional 247 shares in the last quarter. KBC Group NV grew its stake in New York Times by 0.4% in the 3rd quarter. KBC Group NV now owns 75,917 shares of the company’s stock valued at $4,226,000 after buying an additional 308 shares in the last quarter. Hixon Zuercher LLC raised its holdings in New York Times by 2.9% during the 3rd quarter. Hixon Zuercher LLC now owns 12,496 shares of the company’s stock valued at $696,000 after acquiring an additional 354 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of New York Times by 20.2% during the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock worth $131,000 after acquiring an additional 424 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

New York Times Trading Up 0.3 %

NYT opened at $53.68 on Friday. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 1.51 and a beta of 1.00. The stock has a fifty day simple moving average of $53.36 and a two-hundred day simple moving average of $54.04.

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

New York Times Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, January 10th. New York Times’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.