The New York Times Company (NYSE:NYT) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of The New York Times Company (NYSE:NYT - Free Report) by 6.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,496,614 shares of the company's stock after purchasing an additional 145,997 shares during the period. Dimensional Fund Advisors LP owned approximately 1.52% of New York Times worth $129,954,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brown Financial Advisors grew its holdings in New York Times by 2.3% during the fourth quarter. Brown Financial Advisors now owns 8,996 shares of the company's stock worth $468,000 after acquiring an additional 200 shares during the period. Bessemer Group Inc. raised its position in shares of New York Times by 12.6% in the fourth quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock worth $99,000 after acquiring an additional 212 shares during the period. IFP Advisors Inc boosted its stake in shares of New York Times by 0.7% during the 4th quarter. IFP Advisors Inc now owns 34,368 shares of the company's stock worth $1,789,000 after acquiring an additional 224 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of New York Times by 1.2% in the 4th quarter. Natixis Advisors LLC now owns 19,187 shares of the company's stock valued at $999,000 after purchasing an additional 228 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 95.37% of the company's stock.

Analysts Set New Price Targets

NYT has been the topic of a number of research analyst reports. 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 note on Thursday, February 6th. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, New York Times currently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

New York Times Trading Down 0.3 %

NYSE:NYT traded down $0.14 during trading hours on Thursday, hitting $51.92. The company had a trading volume of 316,352 shares, compared to its average volume of 1,315,430. The company has a market cap of $8.48 billion, a P/E ratio of 29.31, a P/E/G ratio of 1.75 and a beta of 1.10. The company has a 50-day moving average of $48.69 and a 200 day moving average of $51.75. The New York Times Company has a 1 year low of $42.71 and a 1 year high of $58.16.

New York Times (NYSE:NYT - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, analysts forecast that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 1st were paid a dividend of $0.18 per share. 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 1.39%. The ex-dividend date of this dividend was Tuesday, April 1st. New York Times's dividend payout ratio is presently 40.45%.

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.