Hixon Zuercher LLC Increases Position in The New York Times Company (NYSE:NYT)

Hixon Zuercher LLC increased its holdings in The New York Times Company (NYSE:NYT) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,496 shares of the company’s stock after acquiring an additional 354 shares during the quarter. Hixon Zuercher LLC’s holdings in New York Times were worth $696,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of New York Times by 72.9% in the 1st quarter. Janus Henderson Group PLC now owns 122,820 shares of the company’s stock valued at $5,308,000 after purchasing an additional 51,801 shares in the last quarter. Entropy Technologies LP bought a new position in New York Times during the 1st quarter valued at $473,000. Comerica Bank grew its holdings in New York Times by 15.6% during the 1st quarter. Comerica Bank now owns 83,282 shares of the company’s stock worth $3,599,000 after acquiring an additional 11,234 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of New York Times by 9.0% in the 1st quarter. Russell Investments Group Ltd. now owns 116,934 shares of the company’s stock worth $5,054,000 after purchasing an additional 9,609 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of New York Times in the 1st quarter valued at about $2,293,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NYT shares. JPMorgan Chase & Co. lifted their price target on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barclays lifted their target price on New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, New York Times has a consensus rating of “Moderate Buy” and a consensus price target of $53.43.

New York Times Stock Up 1.5 %

Shares of NYT stock opened at $53.25 on Wednesday. The company has a market cap of $8.75 billion, a P/E ratio of 32.87 and a beta of 1.02. The business has a 50 day moving average of $54.74 and a two-hundred day moving average of $52.14. The New York Times Company has a 52 week low of $41.02 and a 52 week high of $57.08.

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

New York Times Announces Dividend

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

Insider Buying and Selling

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

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.