The New York Times Company (NYSE:NYT) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC trimmed its position in shares of The New York Times Company (NYSE:NYT) by 34.3% in the fourth quarter, HoldingsChannel reports. The firm owned 12,274 shares of the company’s stock after selling 6,422 shares during the period. Moloney Securities Asset Management LLC’s holdings in New York Times were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NYT. UMB Bank n.a. raised its holdings in shares of New York Times by 356.4% during the third quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after buying an additional 360 shares during the last quarter. GAMMA Investing LLC raised its stake in New York Times by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock valued at $117,000 after acquiring an additional 698 shares in the last quarter. Paladin Wealth LLC acquired a new position in New York Times during the 3rd quarter worth $172,000. Empower Advisory Group LLC bought a new position in shares of New York Times in the third quarter worth $205,000. Finally, Synergy Financial Group LTD acquired a new position in shares of New York Times during the third quarter valued at $217,000. Institutional investors own 95.37% of the company’s stock.

New York Times Price Performance

Shares of New York Times stock opened at $48.79 on Monday. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 1.35 and a beta of 1.01. The New York Times Company has a 52-week low of $41.55 and a 52-week high of $58.16. The stock has a 50-day simple moving average of $53.20 and a 200-day simple moving average of $54.00.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping 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, equities research analysts predict that The New York Times Company will post 2.07 earnings per share for the current year.

New York Times Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.48%. This is a boost 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%.

Analyst Upgrades and Downgrades

NYT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of 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. increased their target price on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com lowered New York Times from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley lowered their price objective on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.71.

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.