Deutsche Bank AG boosted its holdings in shares of New York Times Co (NYSE:NYT) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 824,675 shares of the company’s stock after buying an additional 93,378 shares during the quarter. Deutsche Bank AG owned approximately 0.50% of New York Times worth $18,380,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of New York Times by 3.2% in the fourth quarter. BlackRock Inc. now owns 16,647,240 shares of the company’s stock valued at $371,070,000 after purchasing an additional 514,205 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of New York Times by 1.6% in the third quarter. Vanguard Group Inc now owns 15,244,508 shares of the company’s stock valued at $352,910,000 after buying an additional 238,887 shares during the period. Vanguard Group Inc. boosted its stake in shares of New York Times by 1.6% in the third quarter. Vanguard Group Inc. now owns 15,244,508 shares of the company’s stock valued at $352,910,000 after buying an additional 238,887 shares during the period. FMR LLC boosted its stake in shares of New York Times by 43.6% in the fourth quarter. FMR LLC now owns 9,905,011 shares of the company’s stock valued at $220,783,000 after buying an additional 3,006,064 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in shares of New York Times by 2.6% in the third quarter. Macquarie Group Ltd. now owns 1,787,147 shares of the company’s stock valued at $41,372,000 after buying an additional 45,530 shares during the period. 90.87% of the stock is currently owned by institutional investors.
NYSE NYT traded up $0.75 on Friday, hitting $33.62. 1,255,146 shares of the company’s stock were exchanged, compared to its average volume of 2,035,758. New York Times Co has a 52 week low of $21.34 and a 52 week high of $34.85. The stock has a market capitalization of $5.58 billion, a PE ratio of 41.51 and a beta of 1.24.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 3rd were issued a dividend of $0.05 per share. This is an increase from New York Times’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, April 2nd. New York Times’s dividend payout ratio (DPR) is presently 24.69%.
NYT has been the subject of several recent research reports. Cannonball Research upgraded New York Times to a “buy” rating and set a $41.00 price target for the company in a research note on Monday, March 18th. Zacks Investment Research upgraded New York Times from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, ValuEngine upgraded New York Times from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $30.33.
In other news, insider Arthur G. Sulzberger sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $33.10, for a total value of $33,100.00. Following the completion of the sale, the insider now directly owns 39,638 shares in the company, valued at approximately $1,312,017.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP R Anthony Benten sold 14,700 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $31.34, for a total value of $460,698.00. Following the completion of the sale, the senior vice president now owns 54,606 shares of the company’s stock, valued at $1,711,352.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 166,642 shares of company stock valued at $5,313,056. Company insiders own 2.70% of the company’s stock.
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New York Times Profile
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.
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