Vanguard Group Inc. Acquires 63,856 Shares of The New York Times Company (NYSE:NYT)

Vanguard Group Inc. grew its holdings in The New York Times Company (NYSE:NYT) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,800,348 shares of the company’s stock after purchasing an additional 63,856 shares during the period. Vanguard Group Inc. owned about 0.10% of New York Times worth $822,408,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its stake in New York Times by 61.4% in the 4th quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after buying an additional 283 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of New York Times by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $60,000 after acquiring an additional 247 shares during the last quarter. GAMMA Investing LLC raised its holdings in 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. Portfolio Design Labs LLC acquired a new position in New York Times during the fourth quarter valued at approximately $202,000. Finally, Synergy Financial Group LTD bought a new position in New York Times in the third quarter valued at approximately $217,000. Institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NYT. StockNews.com upgraded New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley dropped their price target on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.00.

New York Times Trading Down 0.0 %

Shares of NYSE NYT opened at $48.97 on Friday. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16. The stock has a 50 day moving average of $49.93 and a 200-day moving average of $52.71. The company has a market capitalization of $8.00 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. Analysts predict that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be issued a $0.18 dividend. This is a boost from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, April 1st. New York Times’s dividend payout ratio is currently 40.45%.

New York Times 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.