The New York Times Company (NYSE:NYT) Shares Sold by Fiera Capital Corp

Fiera Capital Corp lessened its holdings in The New York Times Company (NYSE:NYT) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,230,367 shares of the company’s stock after selling 28,501 shares during the period. Fiera Capital Corp’s holdings in New York Times were worth $64,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of New York Times by 37.1% in the fourth quarter. Van ECK Associates Corp now owns 129,988 shares of the company’s stock valued at $6,766,000 after buying an additional 35,189 shares in the last quarter. Portfolio Design Labs LLC acquired a new stake in New York Times in the 4th quarter valued at $202,000. Entropy Technologies LP purchased a new stake in New York Times in the 4th quarter worth $312,000. D Orazio & Associates Inc. acquired a new position in New York Times during the fourth quarter worth $222,000. Finally, Kingsview Wealth Management LLC purchased a new position in New York Times during the fourth quarter valued at $2,472,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

NYT has been the subject of a number of research reports. StockNews.com raised shares of New York Times from a “hold” rating to a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Morgan Stanley decreased their target price on New York Times from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their price target on New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.71.

New York Times Price Performance

Shares of New York Times stock opened at $50.38 on Thursday. The stock’s 50 day simple moving average is $53.02 and its 200-day simple moving average is $53.94. The stock has a market cap of $8.26 billion, a P/E ratio of 28.30, a P/E/G ratio of 1.35 and a beta of 1.01. The New York Times Company has a 1-year low of $41.55 and a 1-year high of $58.16.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 earnings per share 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%. As a group, research analysts expect that The New York Times Company will post 2.07 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 issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.43%. This is a positive change from New York Times’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, April 1st. New York Times’s payout ratio is presently 29.21%.

New York Times 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.