Wealth Enhancement Advisory Services LLC Purchases 8,998 Shares of The New York Times Company $NYT

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of The New York Times Company (NYSE:NYTFree Report) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,520 shares of the company’s stock after acquiring an additional 8,998 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in New York Times were worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of New York Times by 78.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock worth $233,265,000 after purchasing an additional 1,836,788 shares during the period. Geode Capital Management LLC raised its stake in New York Times by 1.2% in the second quarter. Geode Capital Management LLC now owns 3,826,905 shares of the company’s stock worth $214,257,000 after buying an additional 46,249 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in New York Times by 1.9% during the second quarter. Burgundy Asset Management Ltd. now owns 2,368,819 shares of the company’s stock worth $132,606,000 after buying an additional 43,595 shares during the period. Acadian Asset Management LLC boosted its position in New York Times by 26.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,232,830 shares of the company’s stock valued at $124,973,000 after acquiring an additional 467,492 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in New York Times by 62.5% during the 2nd quarter. Marshall Wace LLP now owns 1,858,061 shares of the company’s stock valued at $104,014,000 after acquiring an additional 714,366 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times News Summary

Here are the key news stories impacting New York Times this week:

New York Times Stock Performance

Shares of NYT stock opened at $72.80 on Wednesday. The New York Times Company has a fifty-two week low of $44.83 and a fifty-two week high of $73.66. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 1.59 and a beta of 1.12. The stock’s 50-day simple moving average is $68.59 and its 200-day simple moving average is $61.38.

New York Times (NYSE:NYTGet Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $700.82 million during the quarter, compared to analysts’ expectations of $692.01 million. New York Times had a net margin of 12.29% and a return on equity of 20.30%. New York Times’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. As a group, equities analysts forecast that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, January 6th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. New York Times’s payout ratio is 35.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NYT shares. Morgan Stanley set a $68.00 price target on New York Times in a research report on Thursday, December 18th. Citigroup boosted their target price on shares of New York Times from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd. UBS Group set a $62.00 price target on shares of New York Times in a research report on Thursday, November 6th. Evercore ISI reiterated an “outperform” rating on shares of New York Times in a research note on Thursday, November 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, New York Times presently has an average rating of “Moderate Buy” and a consensus price target of $66.43.

View Our Latest Analysis on NYT

New York Times Profile

(Free Report)

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.

See Also

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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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