The New York Times Company (NYSE:NYT) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in The New York Times Company (NYSE:NYT) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,335 shares of the company’s stock after selling 374 shares during the period. Securian Asset Management Inc.’s holdings in New York Times were worth $642,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. increased its holdings in shares of New York Times by 61.4% in the fourth quarter. UMB Bank n.a. now owns 744 shares of the company’s stock valued at $39,000 after purchasing an additional 283 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of New York Times by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,140 shares of the company’s stock valued at $60,000 after purchasing an additional 247 shares during the period. GAMMA Investing LLC increased its holdings in shares of New York Times by 20.2% in the fourth quarter. GAMMA Investing LLC now owns 2,526 shares of the company’s stock valued at $131,000 after purchasing an additional 424 shares during the period. Portfolio Design Labs LLC acquired a new position in shares of New York Times in the fourth quarter valued at approximately $202,000. Finally, Synergy Financial Group LTD acquired a new position in shares of New York Times in the third quarter valued at approximately $217,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Stock Performance

NYT opened at $48.92 on Monday. The business’s fifty day moving average is $50.52 and its two-hundred day moving average is $53.05. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.75 and a beta of 1.18. The New York Times Company has a one year low of $41.55 and a one year high of $58.16.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates 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, analysts predict 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. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. This is an increase from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, April 1st. New York Times’s payout ratio is presently 40.45%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NYT. Morgan Stanley decreased their price target on 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 research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.