Gradient Investments LLC Has $14.04 Million Stake in The New York Times Company (NYSE:NYT)

Gradient Investments LLC lowered its holdings in The New York Times Company (NYSE:NYT) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,719 shares of the company’s stock after selling 1,256 shares during the quarter. Gradient Investments LLC’s holdings in New York Times were worth $14,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NYT. UMB Bank n.a. grew its holdings in shares of New York Times by 356.4% during the third quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after buying an additional 360 shares during the last quarter. GAMMA Investing LLC lifted its position in New York Times by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock valued at $117,000 after acquiring an additional 698 shares in the last quarter. Paladin Wealth LLC acquired a new position in New York Times during the 3rd quarter valued at about $172,000. Empower Advisory Group LLC bought a new stake in New York Times during the 3rd quarter worth approximately $205,000. Finally, Synergy Financial Group LTD purchased a new stake in shares of New York Times in the third quarter worth approximately $217,000. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on NYT shares. Deutsche Bank Aktiengesellschaft lifted their target price on New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.83.

New York Times Trading Up 0.3 %

Shares of NYT opened at $53.68 on Friday. The stock has a 50 day moving average of $53.36 and a 200 day moving average of $54.02. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 1.51 and a beta of 1.00.

New York Times (NYSE:NYT) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The firm had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. As a group, equities research analysts predict that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, January 10th. New York Times’s dividend payout ratio is 30.77%.

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.