KBC Group NV Raises Position in The New York Times Company (NYSE:NYT)

KBC Group NV raised its holdings in shares of The New York Times Company (NYSE:NYT) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,531 shares of the company’s stock after buying an additional 1,614 shares during the quarter. KBC Group NV’s holdings in New York Times were worth $4,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew 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 worth $26,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC lifted its position in New York Times by 49.7% during the third quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock valued at $117,000 after purchasing an additional 698 shares during the last quarter. Paladin Wealth LLC purchased a new position in New York Times in the 3rd quarter worth approximately $172,000. Empower Advisory Group LLC bought a new position in shares of New York Times in the 3rd quarter worth $205,000. Finally, Synergy Financial Group LTD purchased a new stake in shares of New York Times during the 3rd quarter valued at $217,000. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, New York Times currently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

New York Times Trading Up 0.3 %

NYT opened at $54.14 on Friday. The New York Times Company has a 12 month low of $41.55 and a 12 month high of $58.16. The business’s 50-day moving average price is $53.48 and its 200-day moving average price is $54.07. The company has a market cap of $8.88 billion, a P/E ratio of 32.04, a P/E/G ratio of 1.51 and a beta of 1.00.

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

New York Times Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were given a dividend of $0.13 per share. The ex-dividend date was Friday, January 10th. This represents a $0.52 annualized dividend and a yield of 0.96%. 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.