The New York Times Company (NYSE:NYT) Stock Holdings Boosted by Zacks Investment Management

Zacks Investment Management boosted its position in The New York Times Company (NYSE:NYT) by 12.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,626 shares of the company’s stock after purchasing an additional 4,761 shares during the quarter. Zacks Investment Management’s holdings in New York Times were worth $2,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NYT. UMB Bank n.a. raised its holdings in shares of New York Times by 356.4% during the third quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after buying an additional 360 shares during the last quarter. Signaturefd LLC boosted its position in New York Times by 34.2% during the 2nd quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after acquiring an additional 432 shares during the period. Blue Trust Inc. grew its stake in shares of New York Times by 401.8% in the second quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock worth $115,000 after purchasing an additional 1,800 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of New York Times by 49.7% during the third quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock valued at $117,000 after purchasing an additional 698 shares during the period. Finally, Paladin Wealth LLC bought a new stake in shares of New York Times during the third quarter valued at about $172,000. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times Stock Performance

NYSE NYT opened at $56.23 on Monday. The stock has a market capitalization of $9.22 billion, a P/E ratio of 33.27, a P/E/G ratio of 1.78 and a beta of 1.00. The business’s fifty day moving average is $54.78 and its two-hundred day moving average is $53.47. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $57.08.

New York Times (NYSE:NYT) last announced its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $640.20 million during the quarter, compared to the consensus estimate of $641.00 million. New York Times had a return on equity of 17.75% and a net margin of 11.04%. New York Times’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. On average, research analysts forecast that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times’s dividend payout ratio (DPR) is currently 30.77%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NYT. Deutsche Bank Aktiengesellschaft increased their target price on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, New York Times presently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

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.