Tableaux LLC Acquires Shares of 92,015 The New York Times Company $NYT

Tableaux LLC acquired a new position in shares of The New York Times Company (NYSE:NYT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 92,015 shares of the company’s stock, valued at approximately $5,151,000. New York Times makes up about 0.4% of Tableaux LLC’s investment portfolio, making the stock its 22nd biggest position.

A number of other large investors have also modified their holdings of the stock. Covestor Ltd raised its holdings in shares of New York Times by 7.9% during the 1st quarter. Covestor Ltd now owns 2,849 shares of the company’s stock valued at $141,000 after buying an additional 208 shares during the period. MAI Capital Management boosted its holdings in New York Times by 7.2% in the 2nd quarter. MAI Capital Management now owns 3,516 shares of the company’s stock worth $197,000 after acquiring an additional 236 shares during the period. ProShare Advisors LLC grew its position in New York Times by 3.5% in the second quarter. ProShare Advisors LLC now owns 7,195 shares of the company’s stock valued at $403,000 after acquiring an additional 243 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in New York Times by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 54,815 shares of the company’s stock valued at $3,069,000 after acquiring an additional 271 shares in the last quarter. Finally, Valueworks LLC raised its stake in shares of New York Times by 0.3% during the first quarter. Valueworks LLC now owns 88,939 shares of the company’s stock valued at $4,411,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of New York Times from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research note on Wednesday, October 8th. Guggenheim upped their price objective on shares of New York Times from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. UBS Group set a $62.00 target price on New York Times in a research note on Thursday, November 6th. Finally, Barclays lifted their target price on New York Times from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, New York Times presently has an average rating of “Moderate Buy” and a consensus target price of $63.57.

New York Times Stock Performance

NYSE:NYT opened at $64.08 on Friday. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. The New York Times Company has a one year low of $44.83 and a one year high of $65.14. The stock has a 50-day simple moving average of $58.29 and a 200 day simple moving average of $56.88.

New York Times (NYSE:NYT) last released its earnings results on Wednesday, November 5th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $700.82 million for the quarter, compared to the consensus estimate of $692.01 million. New York Times had a return on equity of 19.55% and a net margin of 11.92%.New York Times’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. On average, equities research analysts forecast that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, October 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. New York Times’s dividend payout ratio (DPR) is currently 35.12%.

Insider Buying and Selling

In related news, EVP Jacqueline M. Welch sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $60.04, for a total value of $330,220.00. Following the sale, the executive vice president owned 14,470 shares of the company’s stock, valued at approximately $868,778.80. This trade represents a 27.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

New York Times Company 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.