The New York Times Company (NYSE:NYT) is 2Xideas AG’s 7th Largest Position

2Xideas AG raised its holdings in shares of The New York Times Company (NYSE:NYT) by 25.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 376,570 shares of the company’s stock after acquiring an additional 76,286 shares during the quarter. New York Times makes up 2.6% of 2Xideas AG’s investment portfolio, making the stock its 7th biggest holding. 2Xideas AG’s holdings in New York Times were worth $19,600,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Coldstream Capital Management Inc. increased its stake in New York Times by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 4,666 shares of the company’s stock valued at $260,000 after purchasing an additional 193 shares during the last quarter. Brown Financial Advisors grew its position in shares of New York Times by 2.3% in the 4th quarter. Brown Financial Advisors now owns 8,996 shares of the company’s stock valued at $468,000 after buying an additional 200 shares during the last quarter. IFP Advisors Inc raised its stake in New York Times by 0.7% during the 4th quarter. IFP Advisors Inc now owns 34,368 shares of the company’s stock worth $1,789,000 after acquiring an additional 224 shares in the last quarter. Natixis Advisors LLC boosted its stake in New York Times by 1.2% in the fourth quarter. Natixis Advisors LLC now owns 19,187 shares of the company’s stock valued at $999,000 after acquiring an additional 228 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of New York Times by 27.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock worth $60,000 after purchasing an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley decreased their target price on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. StockNews.com lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

New York Times Trading Down 2.5 %

NYSE:NYT opened at $47.54 on Friday. The firm has a market cap of $7.76 billion, a P/E ratio of 26.71, a PEG ratio of 1.75 and a beta of 1.18. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16. The stock’s 50 day simple moving average is $49.56 and its 200-day simple moving average is $52.55.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. Research analysts forecast that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The business 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 dividend of $0.18 per share. This is a positive change from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a yield of 1.51%. The ex-dividend date is Tuesday, April 1st. New York Times’s dividend payout ratio is presently 40.45%.

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.