Universal Beteiligungs und Servicegesellschaft mbH Acquires 34,239 Shares of The New York Times Company $NYT

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of The New York Times Company (NYSE:NYT) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 366,718 shares of the company’s stock after purchasing an additional 34,239 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.22% of New York Times worth $20,529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NYT. Hantz Financial Services Inc. grew its position in New York Times by 4,591.7% during the second quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 551 shares during the period. True Wealth Design LLC boosted its stake in New York Times by 519.6% in the second quarter. True Wealth Design LLC now owns 570 shares of the company’s stock valued at $32,000 after acquiring an additional 478 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of New York Times by 690.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after acquiring an additional 739 shares during the period. Allworth Financial LP grew its position in shares of New York Times by 405.4% during the 2nd quarter. Allworth Financial LP now owns 1,021 shares of the company’s stock valued at $57,000 after acquiring an additional 819 shares during the period. Finally, WPG Advisers LLC purchased a new stake in shares of New York Times during the 1st quarter worth approximately $60,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at New York Times

In related news, EVP Jacqueline M. Welch sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $60.04, for a total transaction of $330,220.00. Following the completion of the transaction, the executive vice president owned 14,470 shares of the company’s stock, valued at approximately $868,778.80. The trade was a 27.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

New York Times Price Performance

New York Times stock opened at $63.96 on Wednesday. The firm has a market capitalization of $10.38 billion, a P/E ratio of 32.97, a PEG 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 $64.75. The business has a fifty day moving average price of $57.96 and a 200-day moving average price of $56.70.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. New York Times had a return on equity of 19.55% and a net margin of 11.92%.The company had revenue of $700.82 million for the quarter, compared to analyst estimates of $692.01 million. During the same period in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side analysts expect that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently commented on NYT. Zacks Research downgraded New York Times from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. JPMorgan Chase & Co. boosted their target price on New York Times from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research report on Wednesday, October 8th. UBS Group set a $62.00 price objective on New York Times in a report on Thursday, November 6th. Finally, Evercore ISI restated an “outperform” rating on shares of New York Times in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, New York Times currently has an average rating of “Moderate Buy” and a consensus target price of $63.57.

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.