Caisse DE Depot ET Placement DU Quebec Acquires New Shares in The New York Times Company (NYSE:NYT)

Caisse DE Depot ET Placement DU Quebec purchased a new position in The New York Times Company (NYSE:NYT) in the 3rd quarter, Holdings Channel reports. The firm purchased 117,860 shares of the company’s stock, valued at approximately $6,561,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NYT. UMB Bank n.a. raised its position in New York Times by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock worth $26,000 after buying an additional 360 shares during the last quarter. GAMMA Investing LLC lifted its position in New York Times by 129.4% during the second quarter. GAMMA Investing LLC now owns 1,404 shares of the company’s stock valued at $72,000 after purchasing an additional 792 shares during the period. Signaturefd LLC boosted its holdings in New York Times by 34.2% in the second quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after purchasing an additional 432 shares during the last quarter. Blue Trust Inc. boosted its holdings in New York Times by 401.8% in the second quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock worth $115,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Paladin Wealth LLC bought a new stake in New York Times in the 3rd quarter worth approximately $172,000. 95.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NYT has been the topic of a number of research reports. JPMorgan Chase & Co. raised 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, November 5th. 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 research note on Tuesday, November 5th. Finally, Barclays raised their price objective on shares of New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

New York Times Trading Down 0.1 %

Shares of NYSE:NYT opened at $54.18 on Tuesday. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $57.08. The company has a market cap of $8.88 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 1.72 and a beta of 1.02. The stock has a 50 day moving average of $54.80 and a 200 day moving average of $53.31.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The firm had revenue of $640.20 million during the quarter, compared to analysts’ expectations of $641.00 million. During the same period in the prior year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. New York Times’s payout ratio is 30.77%.

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.