The New York Times Company (NYSE:NYT) Shares Sold by Weybosset Research & Management LLC

Weybosset Research & Management LLC lessened its holdings in The New York Times Company (NYSE:NYT) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 215,660 shares of the company’s stock after selling 1,571 shares during the period. New York Times makes up approximately 3.8% of Weybosset Research & Management LLC’s portfolio, making the stock its 10th largest position. Weybosset Research & Management LLC owned 0.13% of New York Times worth $11,225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NYT. Natixis Advisors LLC boosted its holdings in New York Times by 6.5% in the second quarter. Natixis Advisors LLC now owns 18,846 shares of the company’s stock valued at $965,000 after purchasing an additional 1,148 shares during the period. Victory Capital Management Inc. raised its holdings in shares of New York Times by 75.2% in the 2nd quarter. Victory Capital Management Inc. now owns 222,491 shares of the company’s stock valued at $11,394,000 after purchasing an additional 95,472 shares in the last quarter. American Century Companies Inc. increased its holdings in New York Times by 5.7% in the second quarter. American Century Companies Inc. now owns 128,597 shares of the company’s stock valued at $6,585,000 after buying an additional 6,909 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in New York Times in the second quarter valued at $292,000. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of New York Times by 494.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,322 shares of the company’s stock worth $267,000 after acquiring an additional 4,426 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Stock Performance

Shares of NYT traded down $0.66 during trading hours on Friday, hitting $51.16. The stock had a trading volume of 240,476 shares, compared to its average volume of 993,733. The firm has a market cap of $8.39 billion, a P/E ratio of 30.27, a P/E/G ratio of 1.75 and a beta of 1.00. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16. The company’s fifty day simple moving average is $53.92 and its 200 day simple moving average is $53.96.

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

New York Times Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, January 10th. New York Times’s dividend payout ratio is presently 30.77%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

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.