Moloney Securities Asset Management LLC Grows Holdings in The New York Times Company (NYSE:NYT)

Moloney Securities Asset Management LLC raised its position in The New York Times Company (NYSE:NYT) by 2.4% in the third quarter, Holdings Channel reports. The institutional investor owned 18,696 shares of the company’s stock after purchasing an additional 434 shares during the period. Moloney Securities Asset Management LLC’s holdings in New York Times were worth $1,041,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oak Family Advisors LLC increased its holdings in New York Times by 2.2% in the second quarter. Oak Family Advisors LLC now owns 10,685 shares of the company’s stock valued at $547,000 after buying an additional 231 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of New York Times by 2.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,867 shares of the company’s stock valued at $608,000 after purchasing an additional 247 shares during the period. UMB Bank n.a. grew its position in shares of New York Times by 356.4% in the third quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares during the period. Capital Investment Counsel Inc grew its position in shares of New York Times by 1.7% in the second quarter. Capital Investment Counsel Inc now owns 22,701 shares of the company’s stock valued at $1,163,000 after purchasing an additional 380 shares during the period. Finally, Signaturefd LLC grew its position in shares of New York Times by 34.2% in the second quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock valued at $87,000 after purchasing an additional 432 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Insider Buying and Selling at New York Times

In other New York Times news, CFO William Bardeen sold 2,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $54.56, for a total value of $109,120.00. Following the transaction, the chief financial officer now directly owns 10,315 shares in the company, valued at $562,786.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO William Bardeen sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $54.56, for a total value of $109,120.00. Following the sale, the chief financial officer now directly owns 10,315 shares of the company’s stock, valued at approximately $562,786.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Levien Meredith A. Kopit sold 18,300 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $53.92, for a total transaction of $986,736.00. Following the completion of the sale, the chief executive officer now directly owns 101,772 shares in the company, valued at $5,487,546.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on NYT shares. JPMorgan Chase & Co. lifted their target price on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays lifted their target price on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.43.

New York Times Trading Up 1.5 %

NYT opened at $53.25 on Wednesday. The firm has a market capitalization of $8.75 billion, a PE ratio of 32.87 and a beta of 1.02. The firm’s 50-day moving average price is $54.74 and its 200 day moving average price is $52.14. The New York Times Company has a twelve month low of $41.02 and a twelve month high of $57.08.

New York Times (NYSE:NYT) last posted its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The company had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. New York Times had a net margin of 10.81% and a return on equity of 17.45%. New York Times’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. As a group, analysts predict that The New York Times Company will post 1.83 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a $0.13 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.52 annualized dividend and a yield of 0.98%. New York Times’s payout ratio is 32.10%.

New York Times Company Profile

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.