The New York Times Company (NYSE:NYT) Shares Acquired by Hixon Zuercher LLC

Hixon Zuercher LLC boosted its holdings in The New York Times Company (NYSE:NYT) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,052 shares of the company’s stock after acquiring an additional 556 shares during the period. Hixon Zuercher LLC’s holdings in New York Times were worth $679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position 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 worth $26,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC increased its position in shares of New York Times by 49.7% in the 3rd 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 last quarter. Paladin Wealth LLC acquired a new stake in shares of New York Times in the 3rd quarter valued at $172,000. Empower Advisory Group LLC purchased a new position in New York Times in the third quarter valued at $205,000. Finally, Synergy Financial Group LTD purchased a new stake in New York Times during the 3rd quarter worth about $217,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. 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 target price on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

New York Times Price Performance

Shares of NYSE NYT opened at $54.14 on Friday. The firm’s 50-day moving average is $53.48 and its two-hundred day moving average is $54.07. The company has a market capitalization of $8.88 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16.

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

New York Times Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.52 annualized dividend and a yield of 0.96%. New York Times’s dividend payout ratio is presently 30.77%.

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.