The New York Times Company (NYSE:NYT) Shares Acquired by Barclays PLC

Barclays PLC raised its position in The New York Times Company (NYSE:NYT - Free Report) by 103.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251,176 shares of the company's stock after acquiring an additional 127,920 shares during the quarter. Barclays PLC owned approximately 0.15% of New York Times worth $13,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of New York Times by 511.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company's stock worth $25,000 after purchasing an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in New York Times during the 4th quarter worth about $36,000. UMB Bank n.a. boosted its position in shares of New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company's stock worth $39,000 after acquiring an additional 283 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of New York Times by 27.7% in the 4th 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. Finally, Bessemer Group Inc. raised its position in shares of New York Times by 12.6% during the 4th quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock worth $99,000 after acquiring an additional 212 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

New York Times Stock Up 0.8 %

NYSE:NYT traded up $0.43 during midday trading on Friday, reaching $51.04. The stock had a trading volume of 201,811 shares, compared to its average volume of 1,794,476. The stock has a market cap of $8.33 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.75 and a beta of 1.10. The firm has a fifty day simple moving average of $48.48 and a two-hundred day simple moving average of $51.85. The New York Times Company has a 12-month low of $42.71 and a 12-month high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last issued 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 net margin of 11.36% and a return on equity of 18.51%. On average, sell-side analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm 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. This is a boost from New York Times's previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 annualized dividend and a yield of 1.41%. New York Times's payout ratio is presently 40.45%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Morgan Stanley dropped their price objective on shares of New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, New York Times currently has a consensus 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.