The New York Times Company (NYSE:NYT) Holdings Raised by Hixon Zuercher LLC

Hixon Zuercher LLC raised its holdings in The New York Times Company (NYSE:NYT) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,052 shares of the company’s stock after acquiring an additional 556 shares during the quarter. Hixon Zuercher LLC’s holdings in New York Times were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NYT. Franklin Resources Inc. increased its position in shares of New York Times by 1.5% in the third quarter. Franklin Resources Inc. now owns 3,353,792 shares of the company’s stock worth $187,544,000 after acquiring an additional 49,853 shares in the last quarter. Comgest Global Investors S.A.S. raised its stake in New York Times by 3.2% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 462,032 shares of the company’s stock valued at $25,721,000 after purchasing an additional 14,407 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of New York Times by 95.3% in the third quarter. BNP Paribas Financial Markets now owns 82,104 shares of the company’s stock valued at $4,571,000 after purchasing an additional 40,058 shares in the last quarter. Clark & Stuart Inc acquired a new stake in shares of New York Times in the fourth quarter worth $8,490,000. Finally, Park Avenue Securities LLC grew its holdings in shares of New York Times by 236.0% during the fourth quarter. Park Avenue Securities LLC now owns 13,985 shares of the company’s stock valued at $728,000 after buying an additional 9,823 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One research 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.83.

New York Times Trading Up 0.3 %

NYSE:NYT opened at $54.14 on Friday. The New York Times Company has a 1 year low of $41.55 and a 1 year high of $58.16. The firm’s fifty day simple moving average is $53.48 and its 200 day simple moving average is $54.07. The firm has a market capitalization of $8.88 billion, a PE ratio of 32.04, a PEG ratio of 1.50 and a beta of 1.00.

New York Times (NYSE:NYT) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $640.20 million during the quarter, compared to analysts’ expectations of $641.00 million. New York Times had a net margin of 11.04% and a return on equity of 17.75%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. As a group, analysts anticipate that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Dividend Announcement

The company 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. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, January 10th. New York Times’s dividend payout ratio is 30.77%.

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.