Kesler Norman & Wride LLC Grows Holdings in The New York Times Company (NYSE:NYT)

Kesler Norman & Wride LLC raised its holdings in shares of The New York Times Company (NYSE:NYT) by 44.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,987 shares of the company’s stock after purchasing an additional 6,181 shares during the quarter. Kesler Norman & Wride LLC’s holdings in New York Times were worth $1,040,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in New York Times by 511.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 471 shares of the company’s stock valued at $25,000 after buying an additional 394 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of New York Times during the fourth quarter valued at approximately $36,000. UMB Bank n.a. boosted its holdings in shares of 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 purchasing an additional 283 shares during the period. Smartleaf Asset Management LLC grew 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 worth $60,000 after purchasing an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in New York Times by 20.2% during the 4th quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock worth $131,000 after purchasing an additional 424 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

New York Times Trading Up 1.2 %

NYT opened at $50.21 on Wednesday. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.75 and a beta of 1.18. 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 fifty day moving average price of $49.84 and a 200-day moving average price of $52.66.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, February 5th. The company reported $0.80 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%. On average, equities research analysts forecast that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.43%. This is an increase 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 (DPR) is 40.45%.

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.