Dupont Capital Management Corp invests $135,000 in The New York Times Company (NYSE: NYT)

Dupont Capital Management Corp bought a new stock position in The New York Times Company (NYSE:NYT – Get Rating) in Q1, Holdings Channel.com reports. The institutional investor purchased 2,948 shares of the company, valued at approximately $135,000.

Several other institutional investors have also recently changed their holdings in the NYT. Spire Wealth Management acquired a new position in The New York Times stock during Q4 worth approximately $45,000. Parallel Advisors LLC increased its position in New York Times shares by 13.6% in the 4th quarter. Parallel Advisors LLC now owns 4,279 shares of the company valued at $207,000 after purchasing an additional 511 shares during the period. Russell Investments Group Ltd. increased its position in New York Times shares by 19.1% in the fourth quarter. Russell Investments Group Ltd. now owns 24,662 shares of the company valued at $1,188,000 after purchasing an additional 3,956 shares during the period. Avantax Advisory Services Inc. acquired a new position in The New York Times stock in Q4 valued at approximately $257,000. Finally, National Bank of Canada FI acquired a new position in New York Times shares in the 4th quarter worth approximately $26,000. 90.76% of the shares are currently held by institutional investors and hedge funds.

New York Times Stock up 0.7%

Shares of The New York Times opened at $30.82 on Thursday. The New York Times Company has a 12-month low of $27.63 and a 12-month high of $56.19. The stock has a market capitalization of $5.16 billion, a P/E ratio of 28.54 and a beta of 0.98. The company’s 50-day moving average is $31.24 and its 200-day moving average is $38.71.

The New York Times (NYSE:NYT – Get Rating) last reported quarterly earnings data on Wednesday, May 4. The company reported earnings per share (EPS) of $0.19 for the quarter, meeting analyst consensus estimates of $0.19. The New York Times had a return on equity of 13.87% and a net margin of 8.58%. The company posted revenue of $537.40 million for the quarter, compared to $543.35 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.26. The company’s revenues increased by 13.6% compared to the same quarter last year. On average, sell-side analysts expect The New York Times Company to post 1.09 EPS for the current year.

The New York Times announces a dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 21. Investors of record on Monday, July 11 will receive a dividend of $0.09. This represents a dividend of $0.36 on an annualized basis and a yield of 1.17%. The ex-date of this dividend is Friday, July 8. The New York Times dividend payout ratio (DPR) is currently 33.33%.

Analyst upgrades and downgrades

Several stock analysts have recently released reports on NYT stocks. Evercore ISI cut its price target on The New York Times from $50.00 to $40.00 and set an “outperform” rating for the company in a Tuesday, June 21 research report. TheStreet lowered The New York Times from a “b” grade to a “c” grade in a Monday, June 6 research report. StockNews.com began covering The New York Times in a research report on Thursday, March 31. They set a “holding” rating for the company. Cannonball Research downgraded The New York Times from a “buy” rating to a “neutral” rating and set a price target of $31.50 for the company. in a Wednesday, June 22 research report. Finally, Morgan Stanley cut its price target on The New York Times from $56.00 to $40.00 and set an “overweight” rating for the company in a Tuesday, June 14 research report. One financial analyst has assigned the stock a sell rating, three have issued a hold rating and two have assigned the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.92.

New York Times Company Profile

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The New York Times Company, together with its subsidiaries, provides news and information to readers and viewers on various platforms around the world. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as the international edition of The Times; and operates the NYTimes.com website.

Further reading

Want to see what other hedge funds own NYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for The New York Times Company (NYSE:NYT – Get Rating).

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