IFP Advisors Inc Has $1.79 Million Stake in The New York Times Company (NYSE:NYT)

IFP Advisors Inc increased its position in shares of The New York Times Company (NYSE:NYT) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,368 shares of the company’s stock after buying an additional 224 shares during the period. IFP Advisors Inc’s holdings in New York Times were worth $1,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NYT. Creative Planning increased its holdings in shares of New York Times by 5.0% in the third quarter. Creative Planning now owns 10,903 shares of the company’s stock valued at $607,000 after purchasing an additional 520 shares during the last quarter. International Assets Investment Management LLC lifted its position in New York Times by 5,467.1% during the third quarter. International Assets Investment Management LLC now owns 25,052 shares of the company’s stock worth $1,395,000 after purchasing an additional 24,602 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in New York Times by 8.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,226 shares of the company’s stock worth $736,000 after purchasing an additional 1,053 shares during the period. State of Alaska Department of Revenue lifted its position in New York Times by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 19,039 shares of the company’s stock worth $1,059,000 after purchasing an additional 1,285 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of New York Times by 826.2% in the third quarter. Farther Finance Advisors LLC now owns 5,872 shares of the company’s stock worth $327,000 after acquiring an additional 5,238 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on NYT shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley decreased their target price on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.71.

New York Times Trading Down 0.4 %

Shares of NYSE:NYT opened at $47.85 on Wednesday. The stock’s fifty day simple moving average is $51.92 and its two-hundred day simple moving average is $53.71. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $58.16. The stock has a market cap of $7.84 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.75 and a beta of 1.01.

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, beating the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. On average, sell-side analysts forecast that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a yield of 1.50%. New York Times’s dividend payout ratio (DPR) is 40.45%.

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.