US Bancorp DE Has $410,000 Stock Position in The New York Times Company (NYSE:NYT)

US Bancorp DE grew its position in The New York Times Company (NYSE:NYT) by 139.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,882 shares of the company’s stock after buying an additional 4,591 shares during the period. US Bancorp DE’s holdings in New York Times were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Baillie Gifford & Co. lifted its holdings in New York Times by 228.3% during the fourth quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company’s stock worth $132,040,000 after acquiring an additional 1,764,078 shares in the last quarter. Allianz Asset Management GmbH increased its position in New York Times by 117.5% during the fourth quarter. Allianz Asset Management GmbH now owns 518,083 shares of the company’s stock worth $26,966,000 after buying an additional 279,899 shares during the last quarter. Clark & Stuart Inc bought a new stake in shares of New York Times during the fourth quarter worth approximately $8,490,000. Bank of New York Mellon Corp boosted its holdings in shares of New York Times by 10.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,681,384 shares of the company’s stock worth $87,516,000 after acquiring an additional 159,073 shares during the period. Finally, FMR LLC boosted its stake in shares of New York Times by 41.9% in the third quarter. FMR LLC now owns 524,032 shares of the company’s stock valued at $29,173,000 after buying an additional 154,822 shares during the period. 95.37% of the stock is currently owned by institutional investors.

New York Times Stock Performance

NYSE NYT opened at $47.87 on Thursday. 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 $7.82 billion, a P/E ratio of 26.89, a P/E/G ratio of 1.75 and a beta of 1.18. The company has a fifty day moving average of $50.69 and a 200-day moving average of $53.16.

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, beating analysts’ consensus estimates 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, analysts forecast that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.50%. This is an increase from New York Times’s previous quarterly dividend of $0.13. New York Times’s dividend payout ratio (DPR) is 40.45%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com upgraded New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley decreased their price objective on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.