47,491 Shares in The New York Times Company (NYSE:NYT) Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new stake in The New York Times Company (NYSE:NYT) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 47,491 shares of the company’s stock, valued at approximately $2,472,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NYT. Coldstream Capital Management Inc. grew its holdings in shares of New York Times by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock worth $260,000 after acquiring an additional 193 shares during the last quarter. UMB Bank n.a. increased its stake in New York Times by 61.4% in the 4th quarter. UMB Bank n.a. now owns 744 shares of the company’s stock worth $39,000 after purchasing an additional 283 shares in the last quarter. KBC Group NV raised its holdings in New York Times by 0.4% during the 3rd quarter. KBC Group NV now owns 75,917 shares of the company’s stock worth $4,226,000 after buying an additional 308 shares during the period. Hixon Zuercher LLC lifted its stake in 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 buying an additional 354 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of New York Times by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 14,122 shares of the company’s stock worth $735,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. StockNews.com lowered New York Times from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Morgan Stanley lowered their price target on New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, New York Times has an average rating of “Moderate Buy” and an average target price of $54.71.

New York Times Trading Down 0.8 %

NYT opened at $48.79 on Monday. The stock has a fifty day moving average price of $53.20 and a 200 day moving average price of $54.00. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.35 and a beta of 1.01.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. As a group, sell-side analysts forecast that The New York Times Company will post 2.07 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.48%. This is an increase from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, April 1st. New York Times’s payout ratio is currently 29.21%.

New York Times Company 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.