The New York Times Company (NYSE:NYT) Stake Boosted by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. grew its position in The New York Times Company (NYSE:NYT) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,573 shares of the company’s stock after buying an additional 479 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in New York Times were worth $238,000 at the end of the most recent quarter.

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

New York Times Stock Up 0.6 %

Shares of NYT opened at $54.26 on Wednesday. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16. The company’s fifty day moving average is $53.39 and its 200-day moving average is $54.06. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.00.

New York Times (NYSE:NYT) last posted its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, research analysts predict that The New York Times Company will post 1.84 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were issued 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 (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NYT. 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 report on Tuesday, November 5th. 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 note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.83.

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.