Swiss National Bank Has $16.55 Million Stock Holdings in The New York Times Company $NYT

Swiss National Bank trimmed its position in shares of The New York Times Company (NYSE:NYT) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,600 shares of the company’s stock after selling 4,700 shares during the period. Swiss National Bank owned about 0.18% of New York Times worth $16,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NYT. Hantz Financial Services Inc. raised its stake in shares of New York Times by 4,591.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock worth $32,000 after purchasing an additional 551 shares in the last quarter. True Wealth Design LLC grew its position in New York Times by 519.6% in the second quarter. True Wealth Design LLC now owns 570 shares of the company’s stock worth $32,000 after acquiring an additional 478 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of New York Times by 86.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock worth $40,000 after purchasing an additional 330 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of New York Times by 690.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after purchasing an additional 739 shares during the last quarter. Finally, Allworth Financial LP increased its position in New York Times by 405.4% during the second quarter. Allworth Financial LP now owns 1,021 shares of the company’s stock worth $57,000 after buying an additional 819 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Stock Performance

NYSE:NYT opened at $65.07 on Thursday. The firm’s 50-day moving average is $58.64 and its 200-day moving average is $57.16. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 1.41 and a beta of 1.14. The New York Times Company has a 52-week low of $44.83 and a 52-week high of $65.32.

New York Times (NYSE:NYT) last released its earnings results on Wednesday, November 5th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. New York Times had a net margin of 11.92% and a return on equity of 19.55%. The business had revenue of $700.82 million during the quarter, compared to analysts’ expectations of $692.01 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Equities analysts predict that The New York Times Company will post 2.08 EPS for the current year.

New York Times Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, October 8th. New York Times’s dividend payout ratio (DPR) is presently 35.12%.

Wall Street Analyst Weigh In

NYT has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on New York Times from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Zacks Research lowered New York Times from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research note on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating on shares of New York Times in a research note on Thursday, November 6th. Finally, Barclays upped their price target on shares of New York Times from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.57.

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.