The New York Times Company (NYSE:NYT) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its stake in The New York Times Company (NYSE:NYT) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 507,888 shares of the company’s stock after buying an additional 6,793 shares during the period. Rhumbline Advisers’ holdings in New York Times were worth $26,436,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock worth $39,000 after buying an additional 283 shares during the period. GAMMA Investing LLC increased its position in New York Times by 20.2% in the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock worth $131,000 after buying an additional 424 shares during the period. Empower Advisory Group LLC acquired a new stake in New York Times in the third quarter worth $205,000. Portfolio Design Labs LLC acquired a new stake in New York Times in the fourth quarter worth $202,000. Finally, Synergy Financial Group LTD acquired a new stake in New York Times in the third quarter worth $217,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NYT has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Morgan Stanley decreased their price target on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Two investment analysts have 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

New York Times Stock Up 0.6 %

Shares of NYT stock opened at $49.47 on Thursday. The stock has a 50-day simple moving average of $52.35 and a 200 day simple moving average of $53.80. The New York Times Company has a fifty-two week low of $41.55 and a fifty-two week high of $58.16. The stock has a market capitalization of $8.11 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.78 and a beta of 1.01.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. On average, sell-side analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 annualized dividend and a yield of 1.46%. This is a boost from New York Times’s previous quarterly dividend of $0.13. New York Times’s dividend payout ratio (DPR) is currently 40.45%.

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.