M&T Bank Corp Has $592,000 Stock Position in The New York Times Company (NYSE:NYT)

M&T Bank Corp reduced its holdings in The New York Times Company (NYSE:NYT) by 45.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,638 shares of the company’s stock after selling 8,911 shares during the period. M&T Bank Corp’s holdings in New York Times were worth $592,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NYT. Barclays PLC grew its stake in shares of New York Times by 113.2% in the third quarter. Barclays PLC now owns 123,256 shares of the company’s stock worth $6,862,000 after acquiring an additional 65,438 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in New York Times by 2.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 64,088 shares of the company’s stock worth $3,568,000 after purchasing an additional 1,415 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of New York Times by 2.2% during the 3rd quarter. XTX Topco Ltd now owns 24,981 shares of the company’s stock worth $1,391,000 after purchasing an additional 545 shares during the period. Zacks Investment Management raised its position in shares of New York Times by 12.9% during the third quarter. Zacks Investment Management now owns 41,626 shares of the company’s stock valued at $2,317,000 after buying an additional 4,761 shares during the last quarter. Finally, iSAM Funds UK Ltd lifted its stake in shares of New York Times by 76.0% in the third quarter. iSAM Funds UK Ltd now owns 12,509 shares of the company’s stock valued at $696,000 after buying an additional 5,403 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NYT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, New York Times has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

New York Times Trading Down 1.8 %

NYSE NYT opened at $54.60 on Wednesday. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $58.16. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 1.75 and a beta of 1.00. The stock’s 50 day moving average is $54.82 and its two-hundred day moving average is $53.73.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The business had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. During the same quarter in the previous year, the firm earned $0.37 EPS. New York Times’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times’s dividend payout ratio (DPR) is currently 30.77%.

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.