Teacher Retirement System of Texas Buys 18,844 Shares of The New York Times Company (NYSE:NYT)

Teacher Retirement System of Texas increased its stake in shares of The New York Times Company (NYSE:NYT) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,495 shares of the company’s stock after buying an additional 18,844 shares during the quarter. Teacher Retirement System of Texas owned 0.12% of New York Times worth $10,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in shares of New York Times by 61.4% during the 4th quarter. UMB Bank n.a. now owns 744 shares of the company’s stock worth $39,000 after buying an additional 283 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of New York Times by 27.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $60,000 after buying an additional 247 shares during the period. GAMMA Investing LLC raised its position in New York Times by 20.2% in the 4th quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after purchasing an additional 424 shares during the last quarter. Portfolio Design Labs LLC bought a new position in New York Times in the 4th quarter valued at $202,000. Finally, Synergy Financial Group LTD bought a new position in New York Times in the 3rd quarter valued at $217,000. Institutional investors own 95.37% of the company’s stock.

New York Times Stock Up 0.3 %

NYT stock opened at $48.72 on Friday. The company has a market cap of $7.96 billion, a P/E ratio of 27.37, a PEG ratio of 1.75 and a beta of 1.18. The New York Times Company has a twelve month low of $41.55 and a twelve month high of $58.16. The business has a fifty day moving average of $50.21 and a 200-day moving average of $52.86.

New York Times (NYSE:NYT) last released its 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 return on equity of 18.51% and a net margin of 11.36%. As a group, equities research analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 1st. This is a boost 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 1.48%. New York Times’s payout ratio is 40.45%.

Analyst Upgrades and Downgrades

NYT has been the subject of several research analyst reports. Morgan Stanley cut their price objective on 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 New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $56.00.

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.