Vanguard Personalized Indexing Management LLC Has $947,000 Stock Position in The New York Times Company (NYSE:NYT)

Vanguard Personalized Indexing Management LLC increased its position in shares of The New York Times Company (NYSE:NYT) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,489 shares of the company’s stock after acquiring an additional 638 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in New York Times were worth $947,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NYT. GAMMA Investing LLC raised its holdings in New York Times by 129.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,404 shares of the company’s stock worth $72,000 after purchasing an additional 792 shares during the last quarter. Signaturefd LLC raised its stake in shares of New York Times by 34.2% during the second quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after buying an additional 432 shares during the last quarter. Blue Trust Inc. lifted 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 valued at $115,000 after buying an additional 1,800 shares during the period. TFO Wealth Partners LLC boosted its stake in New York Times by 84,033.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,524 shares of the company’s stock valued at $124,000 after acquiring an additional 2,521 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in New York Times during the 2nd quarter worth $205,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NYT. Barclays increased their price target on New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their target price on New York Times from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.67.

New York Times Stock Up 1.1 %

NYT opened at $55.09 on Tuesday. The company has a fifty day simple moving average of $53.98 and a 200 day simple moving average of $49.54. The stock has a market cap of $9.05 billion, a P/E ratio of 36.73 and a beta of 1.03. The New York Times Company has a 12 month low of $39.73 and a 12 month high of $56.49.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. New York Times had a return on equity of 17.45% and a net margin of 10.81%. The company had revenue of $625.00 million during the quarter, compared to the consensus estimate of $624.82 million. During the same period in the prior year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts expect that The New York Times Company will post 1.9 earnings per share for the current fiscal year.

New York Times Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, July 9th. New York Times’s payout ratio is currently 34.67%.

Insider Buying and Selling at New York Times

In related news, CFO William Bardeen sold 2,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $54.56, for a total transaction of $109,120.00. Following the sale, the chief financial officer now directly owns 10,315 shares in the company, valued at $562,786.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Levien Meredith A. Kopit sold 18,300 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $53.92, for a total value of $986,736.00. Following the sale, the chief executive officer now directly owns 101,772 shares in the company, valued at $5,487,546.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO William Bardeen sold 2,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $54.56, for a total value of $109,120.00. Following the transaction, the chief financial officer now directly owns 10,315 shares of the company’s stock, valued at $562,786.40. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.