Natixis Advisors LLC Increases Stock Holdings in The New York Times Company (NYSE:NYT)

Natixis Advisors LLC increased its position in The New York Times Company (NYSE:NYT) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,187 shares of the company’s stock after acquiring an additional 228 shares during the quarter. Natixis Advisors LLC’s holdings in New York Times were worth $999,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NYT. Commonwealth Equity Services LLC lifted its stake in New York Times by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,752 shares of the company’s stock worth $924,000 after purchasing an additional 401 shares in the last quarter. Swiss National Bank increased its holdings in shares of New York Times by 0.7% in the fourth quarter. Swiss National Bank now owns 305,400 shares of the company’s stock worth $15,896,000 after purchasing an additional 2,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of New York Times in the fourth quarter worth $369,000. Jupiter Asset Management Ltd. bought a new stake in New York Times during the fourth quarter valued at $5,827,000. Finally, Daiwa Securities Group Inc. grew its position in New York Times by 24.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 18,870 shares of the company’s stock worth $982,000 after buying an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Trading Up 1.0 %

Shares of NYSE NYT opened at $49.11 on Wednesday. The stock’s 50-day moving average is $50.11 and its 200 day moving average is $52.78. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 1.75 and a beta of 1.18. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $58.16.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, topping 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%. On average, analysts forecast that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on NYT. StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Morgan Stanley decreased 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 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 stock. Based on data from MarketBeat.com, New York Times currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

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.