The New York Times Company (NYSE:NYT) Shares Bought by Swiss National Bank

Swiss National Bank boosted its holdings in shares of The New York Times Company (NYSE:NYT) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,400 shares of the company’s stock after buying an additional 2,100 shares during the period. Swiss National Bank owned approximately 0.19% of New York Times worth $15,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in shares of New York Times in the 3rd quarter valued at $482,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in New York Times during the 3rd quarter valued at about $445,000. Thrivent Financial for Lutherans increased its holdings in shares of New York Times by 92.9% in the third quarter. Thrivent Financial for Lutherans now owns 132,190 shares of the company’s stock valued at $7,359,000 after purchasing an additional 63,677 shares during the period. Quest Partners LLC raised its stake in shares of New York Times by 9.8% in the third quarter. Quest Partners LLC now owns 39,736 shares of the company’s stock worth $2,212,000 after purchasing an additional 3,542 shares during the last quarter. Finally, Commerce Bank lifted its holdings in shares of New York Times by 74.0% during the third quarter. Commerce Bank now owns 12,988 shares of the company’s stock worth $723,000 after purchasing an additional 5,523 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times Trading Up 0.3 %

Shares of NYSE NYT opened at $48.69 on Wednesday. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16. The stock has a market cap of $7.95 billion, a PE ratio of 27.35, a P/E/G ratio of 1.75 and a beta of 1.18. The company has a 50-day moving average of $50.37 and a 200 day moving average of $52.96.

New York Times (NYSE:NYT) last announced 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 net margin of 11.36% and a return on equity of 18.51%. On average, sell-side analysts forecast that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a $0.18 dividend. This is a boost from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. New York Times’s dividend payout ratio is 40.45%.

Analyst Upgrades and Downgrades

NYT has been the topic of several research reports. Morgan Stanley cut their price target on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock 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.