D Orazio & Associates Inc. Invests $222,000 in The New York Times Company (NYSE:NYT)

D Orazio & Associates Inc. acquired a new stake in The New York Times Company (NYSE:NYT) in the fourth quarter, Holdings Channel reports. The firm acquired 4,260 shares of the company’s stock, valued at approximately $222,000.

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

New York Times Trading Down 0.8 %

Shares of NYT stock opened at $48.79 on Friday. 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 cap of $8.00 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The stock has a 50 day simple moving average of $53.31 and a 200-day simple moving average of $54.06.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. On average, equities analysts forecast that The New York Times Company will post 2.07 earnings per share for the current fiscal year.

New York Times Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. This is an increase from New York Times’s previous quarterly dividend of $0.13. New York Times’s payout ratio is currently 29.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NYT. StockNews.com downgraded New York Times from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley decreased their price target on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.71.

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.