Universal Beteiligungs und Servicegesellschaft mbH Has $16.49 Million Holdings in The New York Times Company (NYSE:NYT)

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 10.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,479 shares of the company's stock after acquiring an additional 31,637 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.20% of New York Times worth $16,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NYT. Raymond James Financial Inc. purchased a new position in shares of New York Times during the fourth quarter valued at approximately $1,544,000. Commonwealth Equity Services LLC raised its stake in shares of New York Times by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,752 shares of the company's stock valued at $924,000 after acquiring an additional 401 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of New York Times by 8.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,934 shares of the company's stock valued at $361,000 after acquiring an additional 558 shares in the last quarter. Sei Investments Co. raised its stake in New York Times by 16.8% in the fourth quarter. Sei Investments Co. now owns 122,113 shares of the company's stock worth $6,356,000 after buying an additional 17,584 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of New York Times during the fourth quarter worth $2,483,000. 95.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NYT has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Guggenheim raised their price target on shares of New York Times from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, June 2nd. Finally, Citigroup reiterated a "buy" rating on shares of New York Times in a report on Thursday, June 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, New York Times presently has an average rating of "Moderate Buy" and a consensus price target of $56.40.

New York Times Stock Performance

NYT stock traded down $0.52 during trading on Monday, reaching $52.10. 228,504 shares of the company were exchanged, compared to its average volume of 1,709,615. The company has a market cap of $8.50 billion, a P/E ratio of 28.33, a PEG ratio of 1.44 and a beta of 1.11. The New York Times Company has a 52-week low of $44.83 and a 52-week high of $58.16. The stock's 50 day moving average price is $55.27 and its 200 day moving average price is $52.02.

New York Times (NYSE:NYT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. New York Times had a net margin of 11.53% and a return on equity of 18.70%. The firm had revenue of $635.91 million during the quarter, compared to analyst estimates of $634.99 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. New York Times's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that The New York Times Company will post 2.08 EPS for the current year.

New York Times Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Wednesday, July 9th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. New York Times's dividend payout ratio (DPR) is 39.13%.

Insider Buying and Selling at New York Times

In other news, Director David S. Perpich sold 4,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $56.18, for a total value of $224,720.00. Following the transaction, the director directly owned 27,569 shares in the company, valued at approximately $1,548,826.42. This trade represents a 12.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William Bardeen sold 2,500 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $56.83, for a total transaction of $142,075.00. Following the transaction, the executive vice president directly owned 16,727 shares in the company, valued at approximately $950,595.41. The trade was a 13.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,490 shares of company stock worth $479,728 in the last ninety days. 1.90% of the stock is owned by insiders.

About New York Times

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.