First Citizens Bank & Trust Co. Has $238,000 Position in The New York Times Company (NYSE:NYT)

First Citizens Bank & Trust Co. increased its holdings in shares of The New York Times Company (NYSE:NYT) by 11.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,573 shares of the company’s stock after acquiring an additional 479 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in New York Times were worth $238,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in 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 buying an additional 360 shares during the period. GAMMA Investing LLC increased its position in New York Times by 49.7% during the third quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock worth $117,000 after acquiring an additional 698 shares during the period. Paladin Wealth LLC bought a new position in New York Times during the third quarter worth $172,000. Empower Advisory Group LLC acquired a new position in New York Times during the 3rd quarter valued at $205,000. Finally, Synergy Financial Group LTD bought a new stake in New York Times in the 3rd quarter valued at $217,000. Institutional investors own 95.37% of the company’s stock.

New York Times Stock Up 0.6 %

NYSE NYT opened at $54.26 on Wednesday. The New York Times Company has a twelve month low of $41.55 and a twelve month high of $58.16. The stock has a market cap of $8.90 billion, a P/E ratio of 32.11, a PEG ratio of 1.51 and a beta of 1.00. The company’s 50-day simple moving average is $53.39 and its 200 day simple moving average is $54.06.

New York Times (NYSE:NYT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The company had revenue of $640.20 million for the quarter, compared to analyst estimates of $641.00 million. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. Research analysts anticipate that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. New York Times’s payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NYT shares. JPMorgan Chase & Co. upped their price objective 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. Deutsche Bank Aktiengesellschaft raised their price objective 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.