KBC Group NV Boosts Position in The New York Times Company (NYSE:NYT)

KBC Group NV increased its holdings in The New York Times Company (NYSE:NYT) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,531 shares of the company’s stock after acquiring an additional 1,614 shares during the quarter. KBC Group NV’s holdings in New York Times were worth $4,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NYT. Coldstream Capital Management Inc. raised its holdings 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 worth $260,000 after purchasing an additional 193 shares in the last quarter. UMB Bank n.a. raised its stake in New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock worth $39,000 after buying an additional 283 shares in the last quarter. Hixon Zuercher LLC lifted its holdings in New York Times by 2.9% in the third quarter. Hixon Zuercher LLC now owns 12,496 shares of the company’s stock worth $696,000 after buying an additional 354 shares during the period. Exchange Traded Concepts LLC boosted its position in New York Times by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,122 shares of the company’s stock valued at $735,000 after acquiring an additional 355 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of New York Times by 20.2% during the 4th quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock worth $131,000 after acquiring an additional 424 shares during the period. Institutional investors own 95.37% of the company’s stock.

New York Times Price Performance

Shares of NYSE:NYT opened at $54.14 on Friday. The business has a fifty day moving average price of $53.48 and a 200-day moving average price of $54.07. The company has a market capitalization of $8.88 billion, a PE ratio of 32.04, a PEG ratio of 1.51 and a beta of 1.00. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $58.16.

New York Times (NYSE:NYT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. New York Times’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, sell-side analysts anticipate that The New York Times Company will post 1.84 earnings per share for the current fiscal year.

New York Times Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, January 10th. This represents a $0.52 annualized dividend and a yield of 0.96%. New York Times’s dividend payout ratio is 30.77%.

Wall Street Analyst Weigh In

NYT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.83.

New York Times 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.