Northwest & Ethical Investments L.P. Has $15.06 Million Position in The New York Times Company (NYSE:NYT)

Northwest & Ethical Investments L.P. lifted its holdings in The New York Times Company (NYSE:NYT) by 30.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 270,489 shares of the company’s stock after acquiring an additional 62,583 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.16% of New York Times worth $15,058,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NYT. Farallon Capital Management LLC increased its position in shares of New York Times by 18.1% in the first quarter. Farallon Capital Management LLC now owns 11,188,059 shares of the company’s stock worth $483,548,000 after purchasing an additional 1,711,268 shares during the period. Darsana Capital Partners LP raised its stake in New York Times by 25.0% during the second quarter. Darsana Capital Partners LP now owns 6,250,000 shares of the company’s stock worth $320,062,000 after acquiring an additional 1,250,000 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of New York Times by 19.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,912,142 shares of the company’s stock valued at $149,131,000 after purchasing an additional 482,200 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of New York Times by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,424,700 shares of the company’s stock valued at $124,164,000 after purchasing an additional 438,680 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of New York Times by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,862,569 shares of the company’s stock worth $103,689,000 after purchasing an additional 7,654 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased 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, November 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Barclays lifted their price target on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.83.

New York Times Stock Performance

NYT traded down $0.28 during trading on Thursday, reaching $54.38. The stock had a trading volume of 1,001,072 shares, compared to its average volume of 1,131,287. The New York Times Company has a one year low of $41.55 and a one year high of $57.08. The stock has a market cap of $8.92 billion, a PE ratio of 32.18, a PEG ratio of 1.75 and a beta of 1.02. The business has a 50-day moving average of $54.83 and a 200-day moving average of $53.15.

New York Times (NYSE:NYT) last released its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $640.20 million for the quarter, compared to the consensus estimate of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. Equities research 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 declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, October 9th. This represents a $0.52 dividend on an annualized basis 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.