1 week Ago By Defense World Staff
JPMorgan Chase & Co. lowered its stake in The New York Times Company ( NYSE:NYT – Free Report ) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 456,232 shares of the company’s stock after selling 10,796 shares during the period. JPMorgan Chase & Co. owned approximately 0.
28% of New York Times worth $23,747,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds also recently modified their holdings of NYT. Franklin Resources Inc.
lifted its holdings in shares of New York Times by 1.5% during the third quarter. Franklin Resources Inc.
now owns 3,353,792 shares of the company’s stock valued at $187,544,000 after purchasing an additional 49,853 shares during the last quarter. Clark & Stuart Inc purchased a new stake in New York Times during the fourth quarter valued at about $8,490,000. Park Avenue Securities LLC lifted its stake in New York Times by 236.
0% during the fourth quarter. Park Avenue Securities LLC now owns 13,985 shares of the company’s stock valued at $728,000 after buying an additional 9,823 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of New York Times in the fourth quarter worth about $1,200,000.
Finally, Figure 8 Investment Strategies LLC purchased a new position in shares of New York Times in the fourth quarter worth approximately $492,000. Institutional investors and hedge funds own 95.37% of the company’s stock.
Analysts Set New Price Targets Several equities research analysts recently commented on the stock. Morgan Stanley reduced their price target on shares of New York Times from $56.00 to $54.
00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. StockNews.com lowered New York Times from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd.
Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.
00. New York Times Stock Performance New York Times stock opened at $48.41 on Thursday.
The New York Times Company has a twelve month low of $41.55 and a twelve month high of $58.16.
The firm has a market cap of $7.91 billion, a PE ratio of 27.20, a P/E/G ratio of 1.
75 and a beta of 1.10. The firm’s 50 day moving average price is $48.
81 and its two-hundred day moving average price is $52.28. New York Times ( NYSE:NYT – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 5th.
The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.
06. New York Times had a net margin of 11.36% and a return on equity of 18.
51%. Equities analysts anticipate that The New York Times Company will post 2.08 EPS for the current fiscal year.
New York Times Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.18 per share.
The ex-dividend date is Tuesday, April 1st. This is an increase from New York Times’s previous quarterly dividend of $0.13.
This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%.
New York Times’s dividend payout ratio (DPR) is 40.45%. 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. Read More Five stocks we like better than New York Times Bank Stocks – Best Bank Stocks to Invest In Quantum Computing: The $6.
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