Advisor Group Inc. Has $58,000 Position in New York Times Co (NYT)

Advisor Group Inc. lessened its position in shares of New York Times Co (NYSE:NYT) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,552 shares of the company’s stock after selling 531 shares during the quarter. Advisor Group Inc.’s holdings in New York Times were worth $58,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in New York Times by 37.9% during the third quarter. Nordea Investment Management AB now owns 185,853 shares of the company’s stock valued at $4,302,000 after buying an additional 51,107 shares during the period. Thrivent Financial for Lutherans grew its position in New York Times by 15.7% during the third quarter. Thrivent Financial for Lutherans now owns 33,724 shares of the company’s stock valued at $781,000 after buying an additional 4,566 shares during the period. Macquarie Group Ltd. grew its position in New York Times by 2.6% during 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. Crossmark Global Holdings Inc. grew its position in New York Times by 13.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 19,228 shares of the company’s stock valued at $429,000 after buying an additional 2,270 shares during the period. Finally, MetLife Investment Advisors LLC grew its position in New York Times by 28.0% during the third quarter. MetLife Investment Advisors LLC now owns 177,475 shares of the company’s stock valued at $4,109,000 after buying an additional 38,827 shares during the period. Institutional investors own 90.75% of the company’s stock.

NYT opened at $33.69 on Tuesday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 41.59 and a beta of 1.26. New York Times Co has a 52-week low of $21.34 and a 52-week high of $34.85.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business had revenue of $502.70 million for the quarter, compared to the consensus estimate of $479.57 million. New York Times had a net margin of 7.19% and a return on equity of 13.61%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, equities research analysts predict that New York Times Co will post 0.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Wednesday, April 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.59%. This is an increase from New York Times’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, April 2nd. New York Times’s dividend payout ratio (DPR) is presently 24.69%.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of New York Times from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine raised shares of New York Times from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 28th. Finally, Cannonball Research raised shares of New York Times to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $30.33.

In other news, 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 transaction, the senior vice president now directly owns 54,606 shares of the company’s stock, valued at $1,711,352.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Roland A. Caputo sold 11,580 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $31.13, for a total transaction of $360,485.40. Following the completion of the transaction, the chief financial officer now directly owns 27,789 shares in the company, valued at $865,071.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 166,642 shares of company stock worth $5,313,056. Insiders own 2.70% of the company’s stock.

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About New York Times

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company provides 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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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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