Voya Investment Management LLC Purchases 14,988 Shares of The New York Times Company (NYSE:NYT)

Voya Investment Management LLC increased its holdings in The New York Times Company (NYSE:NYT - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,045 shares of the company's stock after purchasing an additional 14,988 shares during the period. Voya Investment Management LLC owned 0.08% of New York Times worth $6,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in New York Times by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 15,800,348 shares of the company's stock valued at $822,408,000 after acquiring an additional 63,856 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of New York Times by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 4,035,335 shares of the company's stock worth $210,084,000 after buying an additional 102,519 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of New York Times by 13.3% in the fourth quarter. Renaissance Technologies LLC now owns 3,570,380 shares of the company's stock worth $185,838,000 after buying an additional 418,155 shares in the last quarter. Franklin Resources Inc. boosted its stake in New York Times by 0.7% during the fourth quarter. Franklin Resources Inc. now owns 3,376,517 shares of the company's stock valued at $175,748,000 after buying an additional 22,725 shares during the last quarter. Finally, Baillie Gifford & Co. grew its holdings in New York Times by 228.3% during the 4th quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company's stock valued at $132,040,000 after buying an additional 1,764,078 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NYT has been the subject of a number of research reports. StockNews.com upgraded New York Times from a "hold" rating to a "buy" rating in a research report 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 for the company in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $56.00.

New York Times Stock Performance

NYT stock traded up $0.56 during mid-day trading on Friday, reaching $52.32. 1,653,213 shares of the stock traded hands, compared to its average volume of 1,323,197. The New York Times Company has a one year low of $44.61 and a one year high of $58.16. The stock has a market capitalization of $8.54 billion, a PE ratio of 29.39, a PEG ratio of 1.75 and a beta of 1.16. The business has a 50-day moving average price of $48.86 and a two-hundred day moving average price of $51.70.

New York Times (NYSE:NYT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 1st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. This is a boost from New York Times's previous quarterly dividend of $0.13. New York Times's payout ratio is presently 40.45%.

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.