The New York Times Company (NYSE:NYT) Position Boosted by KBC Group NV

KBC Group NV boosted its holdings in The New York Times Company (NYSE:NYT) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,917 shares of the company’s stock after acquiring an additional 308 shares during the quarter. KBC Group NV’s holdings in New York Times were worth $4,226,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. MQS Management LLC increased its holdings in shares of New York Times by 23.9% during the third quarter. MQS Management LLC now owns 5,764 shares of the company’s stock valued at $321,000 after purchasing an additional 1,111 shares during the period. Empower Advisory Group LLC acquired a new position in New York Times during the 3rd quarter valued at about $205,000. Aigen Investment Management LP raised its position in shares of New York Times by 50.0% during the 3rd quarter. Aigen Investment Management LP now owns 11,037 shares of the company’s stock worth $614,000 after buying an additional 3,677 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of New York Times in the 3rd quarter worth approximately $445,000. Finally, GSA Capital Partners LLP bought a new position in shares of New York Times in the third quarter valued at approximately $482,000. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Barclays upped their price target on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.83.

New York Times Trading Down 3.2 %

Shares of NYT opened at $52.46 on Monday. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $57.08. The stock has a market capitalization of $8.62 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.66 and a beta of 1.02. The business’s 50-day moving average price is $54.84 and its 200 day moving average price is $52.73.

New York Times (NYSE:NYT) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The business had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts predict that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.99%. New York Times’s payout ratio is currently 30.77%.

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.