Hsbc Holdings PLC Boosts Holdings in The New York Times Company (NYSE:NYT)

Hsbc Holdings PLC increased its position in The New York Times Company (NYSE:NYT - Free Report) by 26.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,360 shares of the company's stock after buying an additional 29,425 shares during the quarter. Hsbc Holdings PLC owned 0.09% of New York Times worth $7,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Financial Advisors raised its stake in shares of New York Times by 2.3% during the fourth quarter. Brown Financial Advisors now owns 8,996 shares of the company's stock valued at $468,000 after acquiring an additional 200 shares during the last quarter. Bessemer Group Inc. lifted its holdings in New York Times by 12.6% in the 4th quarter. Bessemer Group Inc. now owns 1,895 shares of the company's stock worth $99,000 after buying an additional 212 shares during the period. IFP Advisors Inc grew its position in shares of New York Times by 0.7% in the 4th quarter. IFP Advisors Inc now owns 34,368 shares of the company's stock worth $1,789,000 after buying an additional 224 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of New York Times by 1.2% during the fourth quarter. Natixis Advisors LLC now owns 19,187 shares of the company's stock valued at $999,000 after buying an additional 228 shares during the period. Finally, 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 in the last quarter. 95.37% of the stock is currently owned by institutional investors.

New York Times Stock Down 0.6 %

Shares of New York Times stock traded down $0.32 on Thursday, reaching $51.74. The company's stock had a trading volume of 1,396,107 shares, compared to its average volume of 1,320,854. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 1.75 and a beta of 1.10. The New York Times Company has a 52 week low of $43.33 and a 52 week high of $58.16. The firm's fifty day simple moving average is $48.69 and its two-hundred day simple moving average is $51.75.

New York Times (NYSE:NYT - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) 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%. As a group, research analysts predict 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. Investors of record on Tuesday, April 1st were issued a $0.18 dividend. This is a boost from New York Times's previous quarterly dividend of $0.13. This represents a $0.72 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Tuesday, April 1st. New York Times's dividend payout ratio (DPR) is currently 40.45%.

Wall Street Analyst Weigh In

Several brokerages have commented on NYT. Morgan Stanley decreased their price objective on shares of 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 upgraded shares of New York Times from a "hold" rating to a "buy" rating in a report on Friday, April 11th. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.