Texas Permanent School Fund Corp Trims Holdings in The New York Times Company (NYSE:NYT)

Texas Permanent School Fund Corp reduced its holdings in shares of The New York Times Company (NYSE:NYTFree Report) by 3.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 138,908 shares of the company’s stock after selling 5,363 shares during the period. Texas Permanent School Fund Corp owned about 0.08% of New York Times worth $5,723,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NYT. Campbell & CO Investment Adviser LLC purchased a new stake in New York Times in the 3rd quarter valued at about $976,000. Pathstone Family Office LLC boosted its holdings in shares of New York Times by 47.4% in the third quarter. Pathstone Family Office LLC now owns 17,970 shares of the company’s stock valued at $740,000 after purchasing an additional 5,780 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in New York Times by 1.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,576 shares of the company’s stock worth $1,013,000 after purchasing an additional 420 shares in the last quarter. Van ECK Associates Corp grew its stake in New York Times by 42.8% in the third quarter. Van ECK Associates Corp now owns 28,152 shares of the company’s stock worth $1,160,000 after purchasing an additional 8,439 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in New York Times by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,769,714 shares of the company’s stock worth $72,912,000 after purchasing an additional 27,345 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Stock Up 0.4 %

New York Times stock opened at $43.90 on Monday. The firm has a market cap of $7.22 billion, a P/E ratio of 31.58 and a beta of 1.08. The New York Times Company has a twelve month low of $35.06 and a twelve month high of $49.87. The business has a fifty day moving average of $47.43 and a two-hundred day moving average of $44.40.

New York Times (NYSE:NYTGet Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.10. The company had revenue of $676.20 million for the quarter, compared to analyst estimates of $680.02 million. New York Times had a return on equity of 16.87% and a net margin of 9.58%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Equities analysts expect that The New York Times Company will post 1.64 earnings per share for the current year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, April 2nd will be issued a $0.13 dividend. This is a positive change from New York Times’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Monday, April 1st. New York Times’s payout ratio is currently 31.65%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NYT shares. StockNews.com downgraded New York Times from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of New York Times from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, New York Times currently has a consensus rating of “Hold” and a consensus target price of $42.75.

Read Our Latest Stock Analysis on New York Times

New York Times Profile

(Free Report)

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It 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.

Featured Articles

Want to see what other hedge funds are holding NYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The New York Times Company (NYSE:NYTFree Report).

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

Receive News & Ratings for New York Times Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times and related companies with MarketBeat.com's FREE daily email newsletter.