Fmr LLC increased its stake in New York Times Company (The) (NYSE:NYT) by 173.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,430,179 shares of the company’s stock after acquiring an additional 1,542,000 shares during the period. Fmr LLC owned approximately 1.51% of New York Times Company (The) worth $43,014,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of New York Times Company (The) by 6.4% in the second quarter. Vanguard Group Inc. now owns 11,034,212 shares of the company’s stock worth $195,306,000 after acquiring an additional 664,069 shares during the last quarter. Northern Trust Corp boosted its position in shares of New York Times Company (The) by 5.1% in the second quarter. Northern Trust Corp now owns 2,464,681 shares of the company’s stock worth $43,626,000 after acquiring an additional 120,449 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of New York Times Company (The) by 5,475.5% in the second quarter. D.A. Davidson & CO. now owns 11,151 shares of the company’s stock worth $197,000 after acquiring an additional 10,951 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of New York Times Company (The) by 3.6% in the second quarter. UBS Asset Management Americas Inc. now owns 75,815 shares of the company’s stock worth $1,342,000 after acquiring an additional 2,652 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of New York Times Company (The) by 11.6% in the second quarter. New York State Common Retirement Fund now owns 218,835 shares of the company’s stock worth $3,873,000 after acquiring an additional 22,682 shares during the last quarter. 63.98% of the stock is currently owned by institutional investors and hedge funds.

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Shares of New York Times Company (NYSE NYT) opened at 19.05 on Wednesday. The firm has a market capitalization of $3.09 billion, a PE ratio of 48.47 and a beta of 1.78. New York Times Company has a 52-week low of $10.60 and a 52-week high of $20.15. The company has a 50 day moving average of $19.23 and a 200 day moving average of $17.62.

New York Times Company (The) (NYSE:NYT) last released its earnings results on Thursday, July 27th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. New York Times Company (The) had a return on equity of 12.76% and a net margin of 4.12%. The company had revenue of $407.10 million for the quarter, compared to analysts’ expectations of $393.07 million. During the same quarter in the previous year, the business posted $0.11 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts anticipate that New York Times Company will post $0.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.16 annualized dividend and a yield of 0.84%. New York Times Company (The)’s dividend payout ratio (DPR) is presently 40.00%.

Several equities research analysts recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $18.00 target price on shares of New York Times Company (The) in a research report on Monday. Zacks Investment Research raised shares of New York Times Company (The) from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, July 31st. Finally, Barclays PLC raised their target price on shares of New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. New York Times Company (The) has an average rating of “Hold” and a consensus price target of $15.95.

In related news, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $19.27, for a total value of $10,049,305.00. Following the completion of the sale, the insider now owns 19,353,000 shares of the company’s stock, valued at approximately $372,932,310. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO James M. Follo sold 138,161 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $18.97, for a total value of $2,620,914.17. Following the completion of the sale, the chief financial officer now directly owns 136,523 shares of the company’s stock, valued at approximately $2,589,841.31. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

New York Times Company (The) Profile

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

Institutional Ownership by Quarter for New York Times Company (The) (NYSE:NYT)

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