148,490 Shares in The New York Times Company (NYSE:NYT) Acquired by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. purchased a new position in shares of The New York Times Company (NYSE:NYT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 148,490 shares of the company’s stock, valued at approximately $8,266,000.

Several other institutional investors also recently modified their holdings of the business. Russell Investments Group Ltd. increased its stake in shares of New York Times by 9.0% in the first quarter. Russell Investments Group Ltd. now owns 116,934 shares of the company’s stock valued at $5,054,000 after buying an additional 9,609 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of New York Times by 4.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 167,446 shares of the company’s stock valued at $7,237,000 after purchasing an additional 7,407 shares during the period. Orion Portfolio Solutions LLC boosted its position in shares of New York Times by 5.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 39,230 shares of the company’s stock valued at $1,696,000 after purchasing an additional 2,082 shares in the last quarter. Intech Investment Management LLC acquired a new stake in New York Times during the first quarter worth approximately $428,000. Finally, Acadian Asset Management LLC grew its position in shares of New York Times by 1,303.1% during the 1st quarter. Acadian Asset Management LLC now owns 61,569 shares of the company’s stock worth $2,657,000 after buying an additional 57,181 shares during the period. Institutional investors own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

New York Times Stock Performance

NYT stock opened at $52.46 on Monday. The business’s 50 day moving average price is $54.84 and its two-hundred day moving average price is $52.73. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02. The New York Times Company has a fifty-two week low of $41.55 and a fifty-two week high of $57.08.

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

New York Times Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, October 9th. New York Times’s dividend payout ratio (DPR) is presently 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.