Moors & Cabot Inc. Cuts Holdings in The New York Times Company (NYSE:NYT)

Moors & Cabot Inc. trimmed its position in The New York Times Company (NYSE:NYT) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,650 shares of the company’s stock after selling 250 shares during the period. Moors & Cabot Inc.’s holdings in New York Times were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NYT. UMB Bank n.a. boosted 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 acquiring an additional 283 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 acquiring an additional 247 shares in the last quarter. GAMMA Investing LLC boosted its stake in New York Times by 20.2% in the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after acquiring an additional 424 shares in the last quarter. Portfolio Design Labs LLC acquired a new stake in New York Times in the fourth quarter valued at approximately $202,000. Finally, Synergy Financial Group LTD acquired a new stake in New York Times in the third quarter valued at approximately $217,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Morgan Stanley lowered their target price 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. StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.00.

New York Times Trading Up 2.3 %

NYSE:NYT opened at $48.92 on Monday. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16. The firm has a fifty day simple moving average of $50.52 and a 200-day simple moving average of $53.05. The company has a market capitalization of $7.99 billion, a P/E ratio of 27.48, a PEG ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 1st. This is an increase 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 1.47%. New York Times’s payout ratio is currently 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.