The New York Times Company $NYT Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of The New York Times Company (NYSE:NYTFree Report) by 28.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 94,748 shares of the company’s stock after buying an additional 21,228 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in New York Times were worth $6,565,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Figure 8 Investment Strategies LLC increased its holdings in New York Times by 1.7% in the third quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock valued at $644,000 after buying an additional 185 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in New York Times by 2.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,809 shares of the company’s stock worth $620,000 after buying an additional 207 shares during the last quarter. Larson Financial Group LLC lifted its holdings in New York Times by 59.6% during the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock worth $38,000 after buying an additional 245 shares during the last quarter. Blue Trust Inc. grew its position in shares of New York Times by 14.9% in the 3rd quarter. Blue Trust Inc. now owns 2,032 shares of the company’s stock worth $117,000 after acquiring an additional 263 shares in the last quarter. Finally, Zacks Investment Management increased its holdings in shares of New York Times by 0.7% in the 3rd quarter. Zacks Investment Management now owns 41,078 shares of the company’s stock valued at $2,358,000 after acquiring an additional 266 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

More New York Times News

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Barclays lifted their price target on shares of New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a research note on Thursday, January 22nd. Morgan Stanley set a $68.00 target price on New York Times in a research note on Thursday, December 18th. Finally, Citigroup increased their price target on New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.86.

Check Out Our Latest Research Report on NYT

New York Times Stock Performance

New York Times stock opened at $82.84 on Friday. The company has a 50-day simple moving average of $76.23 and a 200-day simple moving average of $67.39. The firm has a market capitalization of $13.36 billion, a P/E ratio of 39.64, a P/E/G ratio of 2.56 and a beta of 1.09. The New York Times Company has a one year low of $44.83 and a one year high of $85.61.

New York Times (NYSE:NYTGet Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. The firm had revenue of $802.31 million for the quarter, compared to the consensus estimate of $791.55 million. New York Times had a net margin of 12.18% and a return on equity of 20.73%. New York Times’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. As a group, sell-side analysts forecast that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Wednesday, April 1st will be issued a $0.23 dividend. This is a positive change from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.92 dividend on an annualized basis and a yield of 1.1%. New York Times’s dividend payout ratio is currently 34.45%.

Insider Activity at New York Times

In other New York Times news, EVP William Bardeen sold 13,000 shares of New York Times stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.56, for a total transaction of $1,034,280.00. Following the sale, the executive vice president owned 18,681 shares of the company’s stock, valued at $1,486,260.36. The trade was a 41.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Arthur G. Sulzberger sold 13,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $1,039,350.00. Following the transaction, the chairman owned 172,338 shares of the company’s stock, valued at $13,778,423.10. This trade represents a 7.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,913 shares of company stock worth $2,214,369 in the last three months. 1.90% of the stock is owned by company insiders.

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.

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

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