Natixis Advisors LLC Increases Stock Holdings in The New York Times Company (NYSE:NYT)

Natixis Advisors LLC increased its stake in shares of The New York Times Company (NYSE:NYT) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,187 shares of the company’s stock after buying an additional 228 shares during the quarter. Natixis Advisors LLC’s holdings in New York Times were worth $999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Equity Services LLC raised its holdings in shares of New York Times by 2.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,752 shares of the company’s stock valued at $924,000 after purchasing an additional 401 shares during the last quarter. Swiss National Bank increased its stake in New York Times by 0.7% in the 4th quarter. Swiss National Bank now owns 305,400 shares of the company’s stock valued at $15,896,000 after buying an additional 2,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in New York Times in the 4th quarter valued at about $369,000. Jupiter Asset Management Ltd. purchased a new position in shares of New York Times in the 4th quarter worth approximately $5,827,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of New York Times by 24.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 18,870 shares of the company’s stock valued at $982,000 after acquiring an additional 3,700 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NYT has been the topic of several research analyst reports. Morgan Stanley cut their price objective on New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, New York Times currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

New York Times Price Performance

NYSE:NYT opened at $49.11 on Wednesday. The company has a market capitalization of $8.02 billion, a P/E ratio of 27.59, a P/E/G ratio of 1.75 and a beta of 1.18. The business has a fifty day simple moving average of $50.11 and a two-hundred day simple moving average of $52.78. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate 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, analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be paid 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 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, April 1st. New York Times’s dividend payout ratio is presently 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.