The New York Times Company (NYSE:NYT) Stock Holdings Lowered by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in The New York Times Company (NYSE:NYT) by 72.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,631 shares of the company’s stock after selling 70,401 shares during the quarter. Bank of Montreal Can’s holdings in New York Times were worth $1,386,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of New York Times by 511.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company’s stock worth $25,000 after acquiring an additional 394 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in New York Times during the fourth quarter valued at about $36,000. UMB Bank n.a. boosted its holdings in shares of 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. Smartleaf Asset Management LLC raised its holdings in shares of New York Times by 27.7% during 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 period. Finally, GAMMA Investing LLC lifted its position in shares of New York Times by 20.2% in the 4th quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $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 Stock Up 0.9 %

NYSE NYT opened at $49.23 on Friday. The company has a 50 day moving average price of $48.50 and a two-hundred day moving average price of $52.03. 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 market capitalization of $8.04 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10.

New York Times (NYSE:NYT) last posted 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%. As a group, equities analysts anticipate that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis 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 is presently 40.45%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NYT shares. Morgan Stanley reduced their target price on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, New York Times presently has an average rating of “Moderate Buy” and an average target price of $56.00.

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.