Xponance Inc. Has $1.35 Million Stake in The New York Times Company (NYSE:NYT)

Xponance Inc. boosted its position in shares of The New York Times Company (NYSE:NYT) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,950 shares of the company’s stock after acquiring an additional 2,243 shares during the period. Xponance Inc.’s holdings in New York Times were worth $1,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its position 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 buying an additional 49,853 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of New York Times by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 82,104 shares of the company’s stock valued at $4,571,000 after buying an additional 40,058 shares during the last quarter. Clark & Stuart Inc acquired a new position in shares of New York Times during the fourth quarter valued at about $8,490,000. Park Avenue Securities LLC raised its position in shares of New York Times by 236.0% during the fourth quarter. Park Avenue Securities LLC now owns 13,985 shares of the company’s stock valued at $728,000 after buying an additional 9,823 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC acquired a new position in shares of New York Times during the fourth quarter valued at about $492,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Up 0.3 %

NYSE NYT opened at $48.72 on Friday. The stock has a market cap of $7.96 billion, a P/E ratio of 27.37, a PEG ratio of 1.75 and a beta of 1.18. The company’s 50-day simple moving average is $50.21 and its 200 day simple moving average is $52.86. 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 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%. Research analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on NYT. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley lowered their target price on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Two 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, New York Times has an average rating of “Moderate Buy” and an average target price 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.