Mitsubishi UFJ Trust & Banking Corp Reduces Stock Position in The New York Times Company (NYSE:NYT)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of The New York Times Company (NYSE:NYT) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 407,796 shares of the company’s stock after selling 52,913 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.25% of New York Times worth $21,226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. lifted its holdings in shares of New York Times by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock valued at $260,000 after buying an additional 193 shares during the period. Brown Financial Advisors increased its position in New York Times by 2.3% during the fourth quarter. Brown Financial Advisors now owns 8,996 shares of the company’s stock valued at $468,000 after acquiring an additional 200 shares during the last quarter. IFP Advisors Inc lifted its holdings in New York Times by 0.7% in the fourth quarter. IFP Advisors Inc now owns 34,368 shares of the company’s stock valued at $1,789,000 after acquiring an additional 224 shares during the period. Natixis Advisors LLC boosted its position in New York Times by 1.2% in the fourth quarter. Natixis Advisors LLC now owns 19,187 shares of the company’s stock worth $999,000 after purchasing an additional 228 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of New York Times by 27.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $60,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Trading Down 0.9 %

Shares of NYSE:NYT opened at $48.88 on Friday. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16. The company has a market cap of $7.98 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. The stock has a 50 day moving average of $49.99 and a 200 day moving average of $52.73.

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, 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%. Equities research analysts predict 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 disclosed 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 represents a $0.72 annualized dividend and a dividend yield of 1.47%. This is an increase from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. New York Times’s payout ratio is presently 40.45%.

Analyst Upgrades and Downgrades

NYT has been the topic of several recent research reports. StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley dropped 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 research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, New York Times presently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

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.