The New York Times Company (NYSE:NYT) Shares Sold by Weybosset Research & Management LLC

Weybosset Research & Management LLC lessened its holdings in shares of The New York Times Company (NYSE:NYT) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 215,660 shares of the company’s stock after selling 1,571 shares during the period. New York Times accounts for approximately 3.8% of Weybosset Research & Management LLC’s holdings, making the stock its 10th biggest position. Weybosset Research & Management LLC’s holdings in New York Times were worth $11,225,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of New York Times by 20.2% during the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after buying an additional 424 shares during the last quarter. JPMorgan Chase & Co. raised its stake in New York Times by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 467,028 shares of the company’s stock valued at $25,999,000 after acquiring an additional 53,839 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in New York Times by 34.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 7,441 shares of the company’s stock worth $414,000 after acquiring an additional 1,890 shares during the period. Copley Financial Group Inc. bought a new position in shares of New York Times in the third quarter worth $485,000. Finally, Franklin Resources Inc. increased its holdings in shares of New York Times by 1.5% during the third quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company’s stock valued at $187,544,000 after purchasing an additional 49,853 shares during the period. Institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on NYT shares. JPMorgan Chase & Co. raised their target price on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their target price on New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

New York Times Trading Down 1.3 %

Shares of New York Times stock traded down $0.66 on Friday, reaching $51.16. 240,476 shares of the company were exchanged, compared to its average volume of 993,733. The New York Times Company has a fifty-two week low of $41.55 and a fifty-two week high of $58.16. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. The stock has a fifty day moving average price of $53.92 and a 200-day moving average price of $53.96.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, equities analysts anticipate that The New York Times Company will post 1.84 earnings per share for the current fiscal year.

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, January 10th. New York Times’s dividend payout ratio (DPR) is currently 30.77%.

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.