Swiss National Bank Increases Stock Position in The New York Times Company (NYSE:NYT)

Swiss National Bank grew its stake in The New York Times Company (NYSE:NYT) by 0.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 305,400 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Swiss National Bank’s holdings in New York Times were worth $15,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in New York Times in the 3rd quarter valued at approximately $482,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of New York Times in the third quarter valued at $445,000. Thrivent Financial for Lutherans raised its holdings in shares of New York Times by 92.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 132,190 shares of the company’s stock valued at $7,359,000 after buying an additional 63,677 shares during the period. Quest Partners LLC lifted its stake in New York Times by 9.8% during the 3rd quarter. Quest Partners LLC now owns 39,736 shares of the company’s stock worth $2,212,000 after acquiring an additional 3,542 shares in the last quarter. Finally, Commerce Bank grew its position in New York Times by 74.0% in the 3rd quarter. Commerce Bank now owns 12,988 shares of the company’s stock valued at $723,000 after acquiring an additional 5,523 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NYT has been the topic of several research reports. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. 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 report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.00.

New York Times Stock Up 0.3 %

Shares of New York Times stock opened at $48.69 on Wednesday. The New York Times Company has a 52-week low of $41.55 and a 52-week high of $58.16. The company has a market capitalization of $7.95 billion, a P/E ratio of 27.35, a P/E/G ratio of 1.75 and a beta of 1.18. The company has a 50 day moving average of $50.37 and a 200 day moving average of $52.96.

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 net margin of 11.36% and a return on equity of 18.51%. As a group, research analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.18 per share. This is a boost from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, April 1st. New York Times’s dividend payout ratio is currently 40.45%.

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.