Inceptionr LLC Decreases Position in The New York Times Company (NYSE:NYT)

Inceptionr LLC cut its stake in The New York Times Company (NYSE:NYT) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,607 shares of the company’s stock after selling 8,045 shares during the quarter. Inceptionr LLC’s holdings in New York Times were worth $1,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in shares of New York Times by 2.0% in the third quarter. Wellington Management Group LLP now owns 6,074,514 shares of the company’s stock worth $338,168,000 after acquiring an additional 118,479 shares during the period. State Street Corp grew its stake in shares of New York Times by 0.7% in the third quarter. State Street Corp now owns 4,785,844 shares of the company’s stock worth $266,428,000 after acquiring an additional 32,905 shares during the period. Geode Capital Management LLC grew its stake in shares of New York Times by 4.1% in the third quarter. Geode Capital Management LLC now owns 3,932,816 shares of the company’s stock worth $218,978,000 after acquiring an additional 154,509 shares during the period. Franklin Resources Inc. grew its stake in shares of New York Times by 1.5% in the third quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company’s stock worth $187,544,000 after acquiring an additional 49,853 shares during the period. Finally, Baillie Gifford & Co. grew its stake in shares of New York Times by 228.3% in the fourth quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company’s stock worth $132,040,000 after acquiring an additional 1,764,078 shares during the period. 95.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NYT has been the subject of several recent research reports. Morgan Stanley cut 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. StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.33.

New York Times Price Performance

NYT opened at $47.39 on Friday. The firm has a market cap of $7.77 billion, a P/E ratio of 26.62, a PEG ratio of 1.75 and a beta of 1.01. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $58.16. The company has a 50 day simple moving average of $50.98 and a two-hundred day simple moving average of $53.34.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. Equities analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be given a $0.18 dividend. This is a positive change from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Tuesday, April 1st. New York Times’s dividend payout ratio is presently 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.