The New York Times Company (NYSE:NYT) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its stake in The New York Times Company (NYSE:NYT) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 165,850 shares of the company’s stock after selling 6,934 shares during the quarter. Trillium Asset Management LLC owned 0.10% of New York Times worth $8,633,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in New York Times by 61.4% in the 4th quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after acquiring an additional 283 shares during the period. Smartleaf Asset Management LLC grew its stake in New York Times by 27.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $60,000 after acquiring an additional 247 shares during the period. GAMMA Investing LLC grew its stake in New York Times by 20.2% in the 4th quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after acquiring an additional 424 shares during the period. Portfolio Design Labs LLC acquired a new stake in New York Times in the 4th quarter valued at $202,000. Finally, Synergy Financial Group LTD acquired a new stake in New York Times in the 3rd quarter valued at $217,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Performance

Shares of NYT stock opened at $48.69 on Wednesday. The New York Times Company has a fifty-two week low of $41.55 and a fifty-two week high of $58.16. The stock’s fifty day moving average is $50.37 and its two-hundred day moving average is $52.96. The firm has a market capitalization of $7.95 billion, a P/E ratio of 27.35, a PEG ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.74 by $0.06. New York Times had a return on equity of 18.51% and a net margin of 11.36%. On average, equities 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from New York Times’s previous quarterly dividend of $0.13. New York Times’s payout ratio is currently 40.45%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. StockNews.com upgraded New York Times from a “hold” rating to a “buy” rating in a 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.00.

New York Times Company 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.