The New York Times Company $NYT Position Increased by Cwm LLC

Cwm LLC lifted its holdings in The New York Times Company (NYSE:NYTFree Report) by 69.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 117,633 shares of the company’s stock after buying an additional 48,096 shares during the quarter. Cwm LLC’s holdings in New York Times were worth $6,752,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Employees Retirement System of Texas bought a new stake in shares of New York Times during the 2nd quarter valued at about $28,000. Hantz Financial Services Inc. lifted its holdings in New York Times by 4,591.7% in the second quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 551 shares during the last quarter. True Wealth Design LLC boosted its stake in New York Times by 519.6% in the second quarter. True Wealth Design LLC now owns 570 shares of the company’s stock valued at $32,000 after acquiring an additional 478 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in New York Times by 86.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock valued at $40,000 after acquiring an additional 330 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after purchasing an additional 739 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NYT has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on New York Times from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. UBS Group set a $62.00 price target on shares of New York Times in a research report on Thursday, November 6th. Barclays lifted their price objective on shares of New York Times from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley set a $68.00 target price on shares of New York Times in a research report on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, New York Times has a consensus rating of “Moderate Buy” and an average target price of $65.71.

View Our Latest Research Report on NYT

Key Headlines Impacting New York Times

Here are the key news stories impacting New York Times this week:

New York Times Stock Up 0.3%

Shares of NYSE NYT opened at $69.76 on Wednesday. The stock has a market cap of $11.32 billion, a P/E ratio of 34.03, a P/E/G ratio of 1.73 and a beta of 1.16. The firm’s 50-day simple moving average is $64.06 and its 200 day simple moving average is $59.21. The New York Times Company has a fifty-two week low of $44.83 and a fifty-two week high of $71.23.

New York Times (NYSE:NYTGet Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. New York Times had a net margin of 12.29% and a return on equity of 20.30%. The firm had revenue of $700.82 million for the quarter, compared to analysts’ expectations of $692.01 million. During the same quarter last year, the company earned $0.45 EPS. New York Times’s quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Tuesday, January 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $0.72 annualized dividend and a yield of 1.0%. New York Times’s payout ratio is presently 35.12%.

New York Times Company Profile

(Free Report)

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.

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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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