2Xideas AG Acquires 76,286 Shares of The New York Times Company (NYSE:NYT)

2Xideas AG grew its holdings in The New York Times Company (NYSE:NYT) by 25.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,570 shares of the company’s stock after purchasing an additional 76,286 shares during the quarter. New York Times comprises approximately 2.6% of 2Xideas AG’s portfolio, making the stock its 7th largest holding. 2Xideas AG owned approximately 0.23% of New York Times worth $19,600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC increased its stake in shares of New York Times by 41.9% in the 3rd quarter. FMR LLC now owns 524,032 shares of the company’s stock worth $29,173,000 after acquiring an additional 154,822 shares during the last quarter. Janus Henderson Group PLC raised its stake in New York Times by 49.2% during the third quarter. Janus Henderson Group PLC now owns 172,986 shares of the company’s stock worth $9,630,000 after purchasing an additional 57,038 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in New York Times by 10.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 66,692 shares of the company’s stock valued at $3,713,000 after purchasing an additional 6,418 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of New York Times by 50.7% in the 3rd quarter. Quantinno Capital Management LP now owns 70,689 shares of the company’s stock valued at $3,935,000 after buying an additional 23,796 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of New York Times during the 3rd quarter worth approximately $474,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. StockNews.com lowered New York Times from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley cut their price objective on New York Times from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, New York Times has an average rating of “Moderate Buy” and a consensus price target of $56.00.

New York Times Trading Down 2.5 %

Shares of NYSE NYT opened at $47.54 on Friday. The stock has a fifty day simple moving average of $49.56 and a 200-day simple moving average of $52.55. The New York Times Company has a twelve month low of $41.55 and a twelve month high of $58.16. The stock has a market capitalization of $7.76 billion, a PE ratio of 26.71, a PEG ratio of 1.75 and a beta of 1.18.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. New York Times had a net margin of 11.36% and a return on equity of 18.51%. On average, equities analysts predict that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.51%. This is a positive change from New York Times’s previous quarterly dividend of $0.13. New York Times’s dividend payout ratio (DPR) is currently 40.45%.

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.