The New York Times Company (NYSE:NYT) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its holdings in The New York Times Company (NYSE:NYT) by 117.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518,083 shares of the company’s stock after purchasing an additional 279,899 shares during the quarter. Allianz Asset Management GmbH’s holdings in New York Times were worth $26,966,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NYT. Kestra Investment Management LLC acquired a new stake in shares of New York Times during the fourth quarter worth about $338,000. CIBC Asset Management Inc raised its stake in New York Times by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,092 shares of the company’s stock valued at $265,000 after acquiring an additional 269 shares during the last quarter. Baillie Gifford & Co. raised its stake in New York Times by 228.3% during the 4th quarter. Baillie Gifford & Co. now owns 2,536,795 shares of the company’s stock valued at $132,040,000 after acquiring an additional 1,764,078 shares during the last quarter. Rhumbline Advisers lifted its position in New York Times by 1.4% during the 4th quarter. Rhumbline Advisers now owns 507,888 shares of the company’s stock worth $26,436,000 after acquiring an additional 6,793 shares during the period. Finally, Figure 8 Investment Strategies LLC purchased a new position in shares of New York Times in the 4th quarter valued at approximately $492,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NYT shares. Morgan Stanley decreased their price target on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price target 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. Finally, StockNews.com raised 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 six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.71.

New York Times Stock Up 0.0 %

Shares of NYSE:NYT opened at $48.05 on Tuesday. The business has a fifty day simple moving average of $52.07 and a 200-day simple moving average of $53.75. The New York Times Company has a 52 week low of $41.55 and a 52 week high of $58.16. The company has a market cap of $7.88 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.75 and a beta of 1.01.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. Sell-side analysts expect that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. This is an increase from New York Times’s previous quarterly dividend of $0.13. New York Times’s dividend payout ratio (DPR) is currently 40.45%.

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.