1 week Ago By ABMN Staff
TD Asset Management Inc lifted its position in shares of The New York Times Company ( NYSE:NYT – Free Report ) by 14.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 507,000 shares of the company’s stock after acquiring an additional 64,000 shares during the quarter.
TD Asset Management Inc owned 0.31% of New York Times worth $25,963,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also made changes to their positions in the company.
Vanguard Group Inc. increased its stake in shares of New York Times by 0.5% during the fourth quarter.
Vanguard Group Inc. now owns 15,809,453 shares of the company’s stock worth $774,505,000 after acquiring an additional 80,075 shares during the period. Farallon Capital Management LLC increased its stake in shares of New York Times by 18.
1% during the first quarter. Farallon Capital Management LLC now owns 11,188,059 shares of the company’s stock worth $483,548,000 after acquiring an additional 1,711,268 shares during the period. Franklin Resources Inc.
increased its stake in shares of New York Times by 15.7% during the fourth quarter. Franklin Resources Inc.
now owns 2,997,420 shares of the company’s stock worth $146,844,000 after acquiring an additional 406,958 shares during the period. Norges Bank acquired a new position in shares of New York Times during the fourth quarter worth about $89,754,000. Finally, Charles Schwab Investment Management Inc.
increased its stake in shares of New York Times by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,800,927 shares of the company’s stock worth $88,227,000 after acquiring an additional 31,213 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.
New York Times Trading Down 2.1 % Shares of NYT opened at $52.99 on Friday.
The firm’s 50-day moving average is $53.63 and its two-hundred day moving average is $48.68.
The New York Times Company has a twelve month low of $39.73 and a twelve month high of $56.49.
The firm has a market capitalization of $8.71 billion, a P/E ratio of 35.33 and a beta of 1.
03. New York Times Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were issued a $0.
13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.
98%. The ex-dividend date of this dividend was Tuesday, July 9th. New York Times’s dividend payout ratio (DPR) is presently 34.
67%. Analyst Ratings Changes A number of research analysts have recently issued reports on NYT shares. Barclays boosted their price target on shares of New York Times from $40.
00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co.
upped their target price on shares of New York Times from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th.
Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.
67. Get Our Latest Report on New York Times Insider Buying and Selling at New York Times In other New York Times news, CEO Levien Meredith A. Kopit sold 18,300 shares of the company’s stock in a transaction dated Monday, August 12th.
The shares were sold at an average price of $53.92, for a total value of $986,736.00.
Following the sale, the chief executive officer now owns 101,772 shares of the company’s stock, valued at $5,487,546.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In other New York Times news, CEO Levien Meredith A. Kopit sold 18,300 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $53.
92, for a total value of $986,736.00. Following the sale, the chief executive officer now owns 101,772 shares of the company’s stock, valued at $5,487,546.
24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CFO William Bardeen sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th.
The shares were sold at an average price of $54.56, for a total transaction of $109,120.00.
Following the transaction, the chief financial officer now directly owns 10,315 shares in the company, valued at approximately $562,786.40. The disclosure for this sale can be found here .
Insiders own 2.00% of the company’s stock. New York Times Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding NYT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The New York Times Company ( NYSE:NYT – Free Report ). Receive News & Ratings for New York Times Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times and related companies with MarketBeat.com's FREE daily email newsletter .
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