Blue Trust Inc. Purchases 2,165 Shares of The New York Times Company (NYSE:NYT)

Blue Trust Inc. boosted its position in shares of The New York Times Company (NYSE:NYT) by 38.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,733 shares of the company’s stock after buying an additional 2,165 shares during the quarter. Blue Trust Inc.’s holdings in New York Times were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of New York Times by 9.6% during the second quarter. Creative Planning now owns 10,383 shares of the company’s stock worth $532,000 after purchasing an additional 912 shares during the period. Handelsbanken Fonder AB raised its position in New York Times by 20.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 46,304 shares of the company’s stock valued at $2,578,000 after purchasing an additional 7,900 shares during the last quarter. GAMMA Investing LLC lifted its holdings in New York Times by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock worth $117,000 after buying an additional 698 shares during the period. Kesler Norman & Wride LLC bought a new stake in shares of New York Times in the 3rd quarter worth approximately $769,000. Finally, UMB Bank n.a. increased its stake in shares of New York Times by 356.4% during the third quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Trading Up 0.4 %

Shares of New York Times stock opened at $54.26 on Friday. The business has a fifty day simple moving average of $53.49 and a two-hundred day simple moving average of $54.07. The firm has a market capitalization of $8.90 billion, a P/E ratio of 32.11, a P/E/G ratio of 1.50 and a beta of 1.00. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, topping the consensus estimate 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 business had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. New York Times’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts predict that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, January 10th. New York Times’s dividend payout ratio (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

NYT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note 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 investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, New York Times currently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

New York Times Company 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.