Hsbc Holdings PLC Has $1.69 Million Holdings in The New York Times Company $NYT

Hsbc Holdings PLC grew its stake in The New York Times Company (NYSE:NYTFree Report) by 162.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,303 shares of the company’s stock after purchasing an additional 15,029 shares during the period. Hsbc Holdings PLC’s holdings in New York Times were worth $1,688,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its position in New York Times by 9.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,125 shares of the company’s stock worth $217,000 after buying an additional 274 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of New York Times by 58.8% during the fourth quarter. Pacer Advisors Inc. now owns 43,351 shares of the company’s stock valued at $3,009,000 after purchasing an additional 16,046 shares during the period. Kera Capital Partners Inc. acquired a new position in shares of New York Times in the fourth quarter valued at $262,000. Compound Planning Inc. lifted its position in New York Times by 20.5% in the fourth quarter. Compound Planning Inc. now owns 4,688 shares of the company’s stock worth $325,000 after purchasing an additional 798 shares during the period. Finally, Corient Private Wealth LLC lifted its position in New York Times by 10.5% in the fourth quarter. Corient Private Wealth LLC now owns 24,973 shares of the company’s stock worth $1,734,000 after purchasing an additional 2,376 shares during the period. Institutional investors own 95.37% of the company’s stock.

Insider Transactions at New York Times

In other news, EVP William Bardeen sold 4,121 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the transaction, the executive vice president directly owned 14,560 shares of the company’s stock, valued at $1,133,496. The trade was a 22.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David S. Perpich sold 9,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $77.06, for a total value of $693,540.00. Following the sale, the director owned 28,469 shares in the company, valued at approximately $2,193,821.14. This trade represents a 24.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,121 shares of company stock valued at $1,310,920 in the last three months. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating and set a $92.00 price objective on shares of New York Times in a report on Thursday, May 7th. Wall Street Zen upgraded shares of New York Times from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Guggenheim upped their target price on shares of New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $90.00 price target on shares of New York Times in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, New York Times currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.22.

View Our Latest Analysis on NYT

New York Times Stock Performance

NYT opened at $69.98 on Wednesday. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 1.46 and a beta of 0.95. The firm’s 50-day simple moving average is $75.70 and its 200-day simple moving average is $75.55. The New York Times Company has a twelve month low of $51.03 and a twelve month high of $87.10.

New York Times (NYSE:NYTGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.12. The firm had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. As a group, sell-side analysts anticipate that The New York Times Company will post 2.93 EPS for the current fiscal year.

New York Times Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.3%. New York Times’s payout ratio is 39.48%.

More New York Times News

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New York Times 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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