The New York Times Company (NYSE:NYT) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in The New York Times Company (NYSE:NYT) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,870 shares of the company’s stock after buying an additional 3,700 shares during the period. Daiwa Securities Group Inc.’s holdings in New York Times were worth $982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in New York Times by 35.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,439 shares of the company’s stock worth $2,729,000 after purchasing an additional 13,804 shares during the last quarter. Amundi increased its position in New York Times by 243.9% during the fourth quarter. Amundi now owns 118,783 shares of the company’s stock worth $6,171,000 after purchasing an additional 84,247 shares during the last quarter. Edgestream Partners L.P. acquired a new position in New York Times during the fourth quarter worth approximately $4,307,000. Raymond James Financial Inc. acquired a new position in New York Times during the fourth quarter worth approximately $1,544,000. Finally, Arizona State Retirement System increased its position in New York Times by 0.7% during the fourth quarter. Arizona State Retirement System now owns 45,064 shares of the company’s stock worth $2,346,000 after purchasing an additional 330 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Ratings Changes

NYT has been the subject of several research analyst reports. Morgan Stanley dropped 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 raised shares of New York Times from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

New York Times Stock Up 2.3 %

New York Times stock opened at $48.92 on Friday. The New York Times Company has a 52-week low of $41.55 and a 52-week high of $58.16. The firm has a fifty day moving average of $50.52 and a 200-day moving average of $53.06. The firm has a market capitalization of $7.99 billion, a P/E ratio of 27.48, a PEG ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. On average, research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from New York Times’s previous quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. New York Times’s dividend payout ratio is 40.45%.

New York Times Profile

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.