Hall Laurie J Trustee Sells 1,895 Shares of The New York Times Company (NYSE:NYT)

Hall Laurie J Trustee lowered its holdings in shares of The New York Times Company (NYSE:NYT) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 72,130 shares of the company’s stock after selling 1,895 shares during the period. New York Times accounts for approximately 1.2% of Hall Laurie J Trustee’s holdings, making the stock its 26th largest position. Hall Laurie J Trustee’s holdings in New York Times were worth $3,755,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NYT. American Century Companies Inc. boosted its stake in shares of New York Times by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 128,597 shares of the company’s stock worth $6,585,000 after acquiring an additional 6,909 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of New York Times by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,424,700 shares of the company’s stock worth $124,164,000 after buying an additional 438,680 shares during the period. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of New York Times during the second quarter worth approximately $211,000. Mercer Global Advisors Inc. ADV lifted its holdings in New York Times by 2.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,867 shares of the company’s stock worth $608,000 after purchasing an additional 247 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in New York Times by 3.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,489 shares of the company’s stock valued at $947,000 after purchasing an additional 638 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Down 0.1 %

Shares of NYT stock opened at $51.87 on Monday. The firm has a 50 day moving average of $53.50 and a 200-day moving average of $54.02. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00. The New York Times Company has a 52 week low of $41.55 and a 52 week high of $58.16.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $640.20 million during the quarter, compared to the consensus estimate of $641.00 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, January 10th. This represents a $0.52 annualized dividend and a yield of 1.00%. New York Times’s dividend payout ratio (DPR) is currently 30.77%.

Analysts Set New Price Targets

NYT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of New York Times from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.83.

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.