American Century Companies Inc. Sells 9,161 Shares of The New York Times Company (NYSE:NYT)

American Century Companies Inc. trimmed its holdings in shares of The New York Times Company (NYSE:NYT) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,268 shares of the company’s stock after selling 9,161 shares during the quarter. American Century Companies Inc. owned approximately 0.07% of New York Times worth $5,896,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in New York Times by 61.4% in the fourth 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. Smartleaf Asset Management LLC grew its stake in New York Times by 27.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $60,000 after buying an additional 247 shares during the last quarter. GAMMA Investing LLC increased its position in New York Times by 20.2% during the 4th quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after buying an additional 424 shares in the last quarter. Portfolio Design Labs LLC purchased a new stake in New York Times in the fourth quarter valued at about $202,000. Finally, Synergy Financial Group LTD acquired a new stake in New York Times in the third quarter worth about $217,000. Institutional investors own 95.37% of the company’s stock.

New York Times Stock Down 2.5 %

Shares of NYSE NYT opened at $47.54 on Friday. The New York Times Company has a 52 week low of $41.55 and a 52 week high of $58.16. The firm has a market cap of $7.76 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.75 and a beta of 1.18. The business’s 50 day moving average price is $49.56 and its 200 day moving average price is $52.57.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, topping 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, 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 business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a $0.18 dividend. This is an increase from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.51%. New York Times’s dividend payout ratio is presently 40.45%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NYT shares. Morgan Stanley decreased their price objective on shares of 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. StockNews.com cut shares of New York Times from a “buy” rating to a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $56.00.

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.