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

Wealth Enhancement Advisory Services LLC boosted its position in The New York Times Company (NYSE:NYTFree Report) by 28.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 94,748 shares of the company’s stock after acquiring an additional 21,228 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of New York Times worth $6,565,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NYT. Employees Retirement System of Texas acquired a new stake in shares of New York Times during the second quarter worth $28,000. Larson Financial Group LLC increased its stake in New York Times by 59.6% in the third quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after purchasing an additional 245 shares during the last quarter. Whittier Trust Co. acquired a new position in New York Times in the third quarter valued at $42,000. Grove Bank & Trust purchased a new position in New York Times during the fourth quarter worth about $42,000. Finally, Geneos Wealth Management Inc. lifted its position in New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after buying an additional 739 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Morgan Stanley set a $68.00 price target on shares of New York Times in a research report on Thursday, December 18th. Argus raised shares of New York Times to a “strong-buy” rating in a research note on Thursday, February 19th. Evercore reiterated an “outperform” rating on shares of New York Times in a report on Thursday, February 5th. Finally, Barclays boosted their price objective on shares of New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.86.

Read Our Latest Report on New York Times

New York Times Stock Performance

NYT opened at $82.84 on Friday. The New York Times Company has a 1 year low of $44.83 and a 1 year high of $85.61. The firm has a 50 day moving average price of $76.23 and a 200 day moving average price of $67.39. The company has a market cap of $13.36 billion, a PE ratio of 39.64, a price-to-earnings-growth ratio of 2.56 and a beta of 1.09.

New York Times (NYSE:NYTGet Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. New York Times had a net margin of 12.18% and a return on equity of 20.73%. The firm had revenue of $802.31 million for the quarter, compared to analysts’ expectations of $791.55 million. During the same period in the previous year, the company posted $0.80 earnings per share. New York Times’s revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.1%. This is a boost from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, April 1st. New York Times’s dividend payout ratio is 34.45%.

Insiders Place Their Bets

In other news, EVP William Bardeen sold 13,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 18,681 shares in the company, valued at approximately $1,486,260.36. This represents a 41.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO R Anthony Benten sold 1,913 shares of New York Times stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total transaction of $140,739.41. Following the completion of the sale, the chief accounting officer owned 37,772 shares of the company’s stock, valued at approximately $2,778,886.04. This trade represents a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,913 shares of company stock worth $2,214,369 over the last quarter. 1.90% of the stock is owned by corporate insiders.

Key New York Times News

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

New York Times Profile

(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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