The New York Times Company (NYSE:NYT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The New York Times Company (NYSE:NYT) has been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $56.00.

NYT has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. StockNews.com upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th.

New York Times Trading Down 1.0 %

Shares of New York Times stock opened at $48.55 on Friday. New York Times has a 12 month low of $41.55 and a 12 month high of $58.16. The firm has a market capitalization of $7.93 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.75 and a beta of 1.18. The business has a fifty day simple moving average of $50.25 and a two-hundred day simple moving average of $52.91.

New York Times (NYSE:NYT) last issued its quarterly earnings results 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%. Analysts predict that New York Times will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. This is a boost from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. New York Times’s dividend payout ratio is currently 40.45%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its position in New York Times by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock valued at $260,000 after buying an additional 193 shares during the period. Brown Financial Advisors boosted its holdings in shares of New York Times by 2.3% in the fourth quarter. Brown Financial Advisors now owns 8,996 shares of the company’s stock valued at $468,000 after purchasing an additional 200 shares during the period. Bessemer Group Inc. grew its stake in New York Times by 12.6% in the fourth quarter. Bessemer Group Inc. now owns 1,895 shares of the company’s stock worth $99,000 after purchasing an additional 212 shares in the last quarter. IFP Advisors Inc grew its stake in New York Times by 0.7% in the fourth quarter. IFP Advisors Inc now owns 34,368 shares of the company’s stock worth $1,789,000 after purchasing an additional 224 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in New York Times by 1.2% during the 4th quarter. Natixis Advisors LLC now owns 19,187 shares of the company’s stock worth $999,000 after purchasing an additional 228 shares during the period. Institutional investors own 95.37% of the company’s stock.

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.