The New York Times Company (NYSE:NYT) Stock Holdings Lessened by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lowered its stake in The New York Times Company (NYSE:NYT) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 558,620 shares of the company’s stock after selling 11,866 shares during the period. New York Times makes up about 1.6% of Reynders McVeigh Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Reynders McVeigh Capital Management LLC’s holdings in New York Times were worth $31,098,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. raised its stake in New York Times by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares during the period. GAMMA Investing LLC raised its stake in New York Times by 129.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,404 shares of the company’s stock valued at $72,000 after purchasing an additional 792 shares during the period. Signaturefd LLC raised its stake in New York Times by 34.2% during the 2nd quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock valued at $87,000 after purchasing an additional 432 shares during the period. Blue Trust Inc. raised its stake in New York Times by 401.8% during the 2nd quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock valued at $115,000 after purchasing an additional 1,800 shares during the period. Finally, Paladin Wealth LLC acquired a new stake in New York Times during the 3rd quarter valued at $172,000. Institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NYT. Barclays boosted their price target on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.83.

New York Times Trading Down 0.4 %

Shares of NYSE:NYT opened at $53.94 on Wednesday. The stock has a market capitalization of $8.84 billion, a PE ratio of 31.92, a P/E/G ratio of 1.72 and a beta of 1.00. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $57.08. The firm has a fifty day moving average price of $54.78 and a 200 day moving average price of $53.35.

New York Times (NYSE:NYT) last released its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. On average, sell-side analysts forecast that The New York Times Company will post 1.84 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times’s dividend payout ratio is 30.77%.

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.