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

Hall Laurie J Trustee reduced its position in shares of The New York Times Company (NYSE:NYT) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,130 shares of the company’s stock after selling 1,895 shares during the period. New York Times comprises about 1.2% of Hall Laurie J Trustee’s investment portfolio, making the stock its 26th biggest position. Hall Laurie J Trustee’s holdings in New York Times were worth $3,755,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NYT. UMB Bank n.a. boosted its holdings in shares of New York Times by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock worth $26,000 after acquiring an additional 360 shares in the last quarter. GAMMA Investing LLC raised its position in New York Times by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock valued at $117,000 after purchasing an additional 698 shares during the last quarter. Paladin Wealth LLC acquired a new position in New York Times during the 3rd quarter worth about $172,000. Empower Advisory Group LLC acquired a new position in shares of New York Times during the third quarter worth approximately $205,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in New York Times during the 2nd quarter worth $206,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Trading Down 0.1 %

New York Times stock opened at $51.87 on Monday. The firm has a market capitalization of $8.50 billion, a P/E ratio of 30.69, a PEG ratio of 1.45 and a beta of 1.00. The business has a 50-day moving average of $53.50 and a 200-day moving average of $54.02. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16.

New York Times (NYSE:NYT) last posted its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, topping 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 company had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. During the same period last year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts anticipate that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be given a $0.13 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.52 annualized dividend and a dividend yield of 1.00%. New York Times’s dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

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