Farther Finance Advisors LLC Has $220,000 Position in The New York Times Company (NYSE:NYT)

Farther Finance Advisors LLC lowered its holdings in The New York Times Company (NYSE:NYT) by 28.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,219 shares of the company’s stock after selling 1,653 shares during the period. Farther Finance Advisors LLC’s holdings in New York Times were worth $220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after acquiring an additional 283 shares during the period. Smartleaf Asset Management LLC increased its stake in New York Times by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $60,000 after acquiring an additional 247 shares during the period. GAMMA Investing LLC increased its stake in New York Times by 20.2% in the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after acquiring an additional 424 shares during the period. Portfolio Design Labs LLC bought a new stake in New York Times in the fourth quarter valued at about $202,000. Finally, Synergy Financial Group LTD bought a new stake in New York Times in the third quarter valued at about $217,000. Institutional investors own 95.37% of the company’s stock.

New York Times Trading Up 0.6 %

Shares of New York Times stock opened at $49.05 on Thursday. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 1.75 and a beta of 1.18. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $58.16. The firm’s 50-day moving average price is $50.32 and its two-hundred day moving average price is $52.94.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, beating 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, equities research analysts predict that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.18 per share. This is a boost from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, April 1st. New York Times’s dividend payout ratio is 40.45%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley decreased 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 note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.00.

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.