Sanctuary Advisors LLC Sells 769 Shares of The New York Times Company (NYSE:NYT)

Sanctuary Advisors LLC cut its holdings in The New York Times Company (NYSE:NYT) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,371 shares of the company’s stock after selling 769 shares during the quarter. Sanctuary Advisors LLC’s holdings in New York Times were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. UMB Bank n.a. increased its position in New York Times by 61.4% in the 4th quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after acquiring an additional 283 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of New York Times by 20.2% during the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after purchasing an additional 424 shares during the last quarter. Portfolio Design Labs LLC acquired a new stake in shares of New York Times in the fourth quarter valued at approximately $202,000. Empower Advisory Group LLC bought a new position in New York Times in the 3rd quarter worth approximately $205,000. Finally, Synergy Financial Group LTD acquired a new position in New York Times during the 3rd quarter worth $217,000. 95.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NYT has been the subject of several research reports. StockNews.com raised New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley lowered their price objective on 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.33.

New York Times Stock Down 0.0 %

NYSE:NYT opened at $46.90 on Thursday. The stock’s fifty day simple moving average is $51.10 and its 200-day simple moving average is $53.38. The firm has a market capitalization of $7.69 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.75 and a beta of 1.01. 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 issued its earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. As a group, equities research analysts expect that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.54%. The ex-dividend date is Tuesday, April 1st. This is an increase from New York Times’s previous quarterly dividend of $0.13. New York Times’s dividend payout ratio is presently 40.45%.

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.