117,860 Shares in The New York Times Company (NYSE:NYT) Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of The New York Times Company (NYSE:NYT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 117,860 shares of the company’s stock, valued at approximately $6,561,000. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of New York Times as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oak Family Advisors LLC grew its stake in shares of New York Times by 2.2% in the second quarter. Oak Family Advisors LLC now owns 10,685 shares of the company’s stock worth $547,000 after purchasing an additional 231 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of New York Times by 2.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,867 shares of the company’s stock worth $608,000 after buying an additional 247 shares during the last quarter. KBC Group NV increased its stake in shares of New York Times by 0.4% during the third quarter. KBC Group NV now owns 75,917 shares of the company’s stock valued at $4,226,000 after buying an additional 308 shares during the period. Hixon Zuercher LLC raised its holdings in shares of New York Times by 2.9% during the third quarter. Hixon Zuercher LLC now owns 12,496 shares of the company’s stock valued at $696,000 after acquiring an additional 354 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in New York Times by 356.4% in the third quarter. UMB Bank n.a. now owns 461 shares of the company’s stock worth $26,000 after acquiring an additional 360 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Stock Performance

Shares of NYT opened at $54.18 on Tuesday. The firm’s 50-day simple moving average is $54.80 and its two-hundred day simple moving average is $53.31. The New York Times Company has a fifty-two week low of $41.55 and a fifty-two week high of $57.08. The stock has a market cap of $8.88 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 1.72 and a beta of 1.02.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $640.20 million during the quarter, compared to analyst estimates of $641.00 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts predict that The New York Times Company will post 1.84 EPS for the current year.

New York Times Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, October 9th. New York Times’s dividend payout ratio (DPR) is 30.77%.

Wall Street Analyst Weigh In

NYT has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their target price on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

About New York Times

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.