Price T Rowe Associates Inc. MD grew its position in The New York Times Company (NYSE:NYT - Free Report) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,614 shares of the company's stock after buying an additional 8,111 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.07% of New York Times worth $5,810,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in NYT. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of New York Times by 511.7% in the fourth 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 in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in New York Times during the 4th quarter worth approximately $36,000. UMB Bank n.a. increased its stake in 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 purchasing an additional 283 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake 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 buying an additional 247 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings 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 valued at $99,000 after buying an additional 212 shares during the period. Institutional investors own 95.37% of the company's stock.
Wall Street Analysts Forecast Growth
NYT has been the topic of several research reports. StockNews.com raised shares of New York Times from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Morgan Stanley cut their price target on New York Times from $56.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.00.
Check Out Our Latest Stock Analysis on NYT
New York Times Price Performance
Shares of NYSE NYT opened at $52.32 on Friday. The New York Times Company has a fifty-two week low of $44.70 and a fifty-two week high of $58.16. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.75 and a beta of 1.16. The business has a 50-day moving average of $48.86 and a 200-day moving average of $51.67.
New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that The New York Times Company will post 2.08 EPS for the current year.
New York Times Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from New York Times's previous quarterly dividend of $0.13. 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 Profile
(
Free Report)
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.
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