D Orazio & Associates Inc. Takes Position in The New York Times Company (NYSE:NYT)

D Orazio & Associates Inc. purchased a new position in shares of The New York Times Company (NYSE:NYT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,260 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds have also recently modified their holdings of the company. Creative Planning raised its holdings in shares of New York Times by 9.6% during the second quarter. Creative Planning now owns 10,383 shares of the company’s stock valued at $532,000 after acquiring an additional 912 shares during the last quarter. GAMMA Investing LLC lifted its holdings in New York Times by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock valued at $117,000 after purchasing an additional 698 shares in the last quarter. UMB Bank n.a. boosted its stake in New York Times by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in shares of New York Times by 3.6% during the third quarter. Douglas Lane & Associates LLC now owns 118,346 shares of the company’s stock worth $6,588,000 after buying an additional 4,116 shares in the last quarter. Finally, Paladin Wealth LLC purchased a new stake in shares of New York Times during the third quarter worth $172,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NYT. Morgan Stanley lowered their price target 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. 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. StockNews.com downgraded New York Times from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

New York Times Stock Down 0.8 %

NYT stock opened at $48.79 on Friday. The business has a fifty day moving average of $53.31 and a two-hundred day moving average of $54.06. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth 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.

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

New York Times Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 1st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, April 1st. 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. New York Times’s dividend payout ratio (DPR) is presently 29.21%.

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.