OneDigital Investment Advisors LLC Has $304,000 Stock Position in The New York Times Company (NYSE:NYT)

OneDigital Investment Advisors LLC cut its position in shares of The New York Times Company (NYSE:NYT) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,460 shares of the company’s stock after selling 271 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in New York Times were worth $304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oak Family Advisors LLC boosted its position in New York Times by 2.2% during the 2nd quarter. Oak Family Advisors LLC now owns 10,685 shares of the company’s stock worth $547,000 after acquiring an additional 231 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of New York Times by 2.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,867 shares of the company’s stock worth $608,000 after purchasing an additional 247 shares during the period. KBC Group NV grew its position in New York Times by 0.4% during the third quarter. KBC Group NV now owns 75,917 shares of the company’s stock valued at $4,226,000 after purchasing an additional 308 shares in the last quarter. Hixon Zuercher LLC increased its stake in New York Times by 2.9% in the 3rd quarter. Hixon Zuercher LLC now owns 12,496 shares of the company’s stock valued at $696,000 after buying an additional 354 shares during the period. Finally, UMB Bank n.a. lifted its position in New York Times by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 461 shares of the company’s stock worth $26,000 after buying an additional 360 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Price Performance

NYT opened at $53.25 on Friday. The company has a market capitalization of $8.73 billion, a P/E ratio of 31.51, a P/E/G ratio of 1.65 and a beta of 1.02. The firm’s fifty day moving average price is $54.82 and its two-hundred day moving average price is $52.90. The New York Times Company has a fifty-two week low of $41.55 and a fifty-two week high of $57.08.

New York Times (NYSE:NYT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $640.20 million for the quarter, compared to the consensus estimate of $641.00 million. New York Times had a return on equity of 17.75% and a net margin of 11.04%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. On average, equities research analysts expect that The New York Times Company will post 1.84 EPS for the current fiscal year.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Wednesday, October 9th. New York Times’s payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NYT. Deutsche Bank Aktiengesellschaft upped their price target on shares of New York Times from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barclays upped their target price on New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target on New York Times from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

About New York Times

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.