Integrated Wealth Concepts LLC Lowers Holdings in The New York Times Company (NYSE:NYT)

Integrated Wealth Concepts LLC lowered its position in shares of The New York Times Company (NYSE:NYT) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,678 shares of the company’s stock after selling 246 shares during the period. Integrated Wealth Concepts LLC’s holdings in New York Times were worth $260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NYT. UMB Bank n.a. boosted its position in New York Times by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock valued at $26,000 after acquiring an additional 360 shares in the last quarter. Signaturefd LLC boosted its position in New York Times by 34.2% during the second quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock valued at $87,000 after purchasing an additional 432 shares in the last quarter. Blue Trust Inc. grew its stake in New York Times by 401.8% in the second quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock valued at $115,000 after purchasing an additional 1,800 shares during the last quarter. GAMMA Investing LLC raised its holdings in New York Times by 49.7% in the third quarter. GAMMA Investing LLC now owns 2,102 shares of the company’s stock worth $117,000 after purchasing an additional 698 shares in the last quarter. Finally, Paladin Wealth LLC purchased a new stake in shares of New York Times during the third quarter valued at about $172,000. 95.37% of the stock is currently owned by institutional investors.

New York Times Trading Down 0.4 %

NYSE NYT opened at $55.07 on Friday. The New York Times Company has a 12-month low of $41.55 and a 12-month high of $58.16. The company has a fifty day simple moving average of $54.81 and a two-hundred day simple moving average of $53.58. The stock has a market cap of $9.03 billion, a P/E ratio of 32.63, a P/E/G ratio of 1.75 and a beta of 1.00.

New York Times (NYSE:NYT) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $640.20 million during the quarter, compared to analysts’ expectations of $641.00 million. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. As a group, sell-side analysts forecast that The New York Times Company will post 1.84 earnings per share for the current year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.52 annualized dividend and a yield of 0.94%. New York Times’s dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NYT shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of New York Times from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.83.

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.