Wealth Enhancement Advisory Services LLC Grows Stock Holdings in The New York Times Company $NYT

Wealth Enhancement Advisory Services LLC lifted its position in shares of The New York Times Company (NYSE:NYTFree Report) by 13.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,520 shares of the company’s stock after purchasing an additional 8,998 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in New York Times were worth $4,047,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NYT. Empowered Funds LLC purchased a new stake in New York Times in the 1st quarter worth approximately $442,000. Focus Partners Wealth raised its holdings in shares of New York Times by 52.2% during the first quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock valued at $577,000 after acquiring an additional 3,990 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in New York Times by 690.7% in the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after acquiring an additional 739 shares during the period. Public Employees Retirement System of Ohio lifted its stake in New York Times by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 54,815 shares of the company’s stock worth $3,069,000 after acquiring an additional 271 shares during the period. Finally, Perigon Wealth Management LLC boosted its holdings in New York Times by 5.3% in the second quarter. Perigon Wealth Management LLC now owns 6,044 shares of the company’s stock valued at $338,000 after acquiring an additional 304 shares in the last quarter. 95.37% of the stock is owned by institutional investors.

New York Times Stock Down 0.1%

Shares of NYT opened at $72.80 on Wednesday. The New York Times Company has a 52 week low of $44.83 and a 52 week high of $73.66. The business’s 50 day moving average price is $68.59 and its 200-day moving average price is $61.38. The stock has a market cap of $11.82 billion, a P/E ratio of 35.51, a P/E/G ratio of 1.59 and a beta of 1.12.

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

New York Times Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, January 6th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, January 6th. New York Times’s dividend payout ratio (DPR) is presently 35.12%.

More New York Times News

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

Wall Street Analyst Weigh In

Several research firms have recently commented on NYT. Evercore ISI reaffirmed an “outperform” rating on shares of New York Times in a research report on Thursday, November 6th. Barclays raised their price objective on shares of New York Times from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. lifted their price objective on New York Times from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research report on Thursday, January 22nd. Finally, UBS Group set a $62.00 target price on New York Times in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.43.

Read Our Latest Stock Analysis on NYT

About New York Times

(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.

See Also

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

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