Fiera Capital Corp Sells 28,501 Shares of The New York Times Company (NYSE:NYT)

Fiera Capital Corp trimmed its position in The New York Times Company (NYSE:NYT) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,230,367 shares of the company’s stock after selling 28,501 shares during the period. Fiera Capital Corp owned approximately 0.75% of New York Times worth $64,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NYT. Coldstream Capital Management Inc. boosted its position in shares of New York Times by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock worth $260,000 after purchasing an additional 193 shares in the last quarter. UMB Bank n.a. raised its stake in New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after buying an additional 283 shares during the last quarter. KBC Group NV raised its stake in New York Times by 0.4% in the third quarter. KBC Group NV now owns 75,917 shares of the company’s stock valued at $4,226,000 after buying an additional 308 shares during the last quarter. Hixon Zuercher LLC boosted its holdings in New York Times by 2.9% in the third quarter. Hixon Zuercher LLC now owns 12,496 shares of the company’s stock worth $696,000 after acquiring an additional 354 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of New York Times by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,122 shares of the company’s stock worth $735,000 after acquiring an additional 355 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times Price Performance

NYSE NYT opened at $50.38 on Thursday. The company has a fifty day moving average of $53.02 and a 200 day moving average of $53.94. The company has a market capitalization of $8.26 billion, a PE ratio of 28.30, a P/E/G ratio of 1.35 and a beta of 1.01. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16.

New York Times (NYSE:NYT) last issued its quarterly earnings data 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 return on equity of 18.51% and a net margin of 11.36%. Research analysts expect that The New York Times Company will post 2.07 earnings per share for the current year.

New York Times Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.43%. The ex-dividend date is Tuesday, April 1st. This is a positive change from New York Times’s previous quarterly dividend of $0.13. New York Times’s dividend payout ratio is currently 29.21%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NYT shares. JPMorgan Chase & Co. increased their price objective on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Morgan Stanley decreased their price target 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

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.