The New York Times Company (NYSE:NYT) Stock Holdings Increased by FIL Ltd

FIL Ltd increased its stake in shares of The New York Times Company (NYSE:NYT) by 96.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,644 shares of the company’s stock after purchasing an additional 11,138 shares during the quarter. FIL Ltd’s holdings in New York Times were worth $1,179,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of New York Times by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 15,800,348 shares of the company’s stock valued at $822,408,000 after buying an additional 63,856 shares during the period. Geode Capital Management LLC boosted its position in New York Times by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 4,035,335 shares of the company’s stock valued at $210,084,000 after purchasing an additional 102,519 shares during the last quarter. Franklin Resources Inc. boosted its position 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 purchasing an additional 22,725 shares during the last quarter. Baillie Gifford & Co. grew its stake in New York Times by 228.3% in the fourth quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company’s stock valued at $132,040,000 after purchasing an additional 1,764,078 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of New York Times by 17.7% during the 4th quarter. Invesco Ltd. now owns 2,145,748 shares of the company’s stock worth $111,686,000 after purchasing an additional 322,141 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

New York Times Stock Performance

NYT opened at $48.43 on Monday. The firm has a market cap of $7.91 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10. The business has a 50 day moving average price of $48.52 and a 200 day moving average price of $52.16. The New York Times Company has a twelve month low of $41.55 and a twelve month 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 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%. As a group, analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be given a $0.18 dividend. This is an increase from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, April 1st. New York Times’s dividend payout ratio (DPR) is currently 40.45%.

Wall Street Analyst Weigh In

NYT has been the subject of several recent research reports. Morgan Stanley lowered their price target on 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 Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.