The New York Times Company (NYSE:NYT) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System cut its holdings in shares of The New York Times Company (NYSE:NYTGet Rating) by 2.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 167,451 shares of the company’s stock after selling 4,205 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of New York Times worth $4,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NYT. First Horizon Advisors Inc. raised its position in shares of New York Times by 3,754.2% in the second quarter. First Horizon Advisors Inc. now owns 925 shares of the company’s stock worth $25,000 after acquiring an additional 901 shares during the period. CWM LLC raised its position in shares of New York Times by 656.7% in the second quarter. CWM LLC now owns 1,241 shares of the company’s stock worth $35,000 after acquiring an additional 1,077 shares during the period. Quadrant Capital Group LLC raised its position in shares of New York Times by 135.0% in the first quarter. Quadrant Capital Group LLC now owns 1,027 shares of the company’s stock worth $47,000 after acquiring an additional 590 shares during the period. Heritage Financial Services LLC acquired a new position in shares of New York Times in the second quarter worth about $47,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of New York Times in the first quarter worth about $87,000. 97.42% of the stock is currently owned by institutional investors and hedge funds.

New York Times Trading Up 2.8 %

Shares of NYSE NYT opened at $36.35 on Monday. The New York Times Company has a 12-month low of $27.58 and a 12-month high of $48.62. The stock has a market cap of $6.01 billion, a PE ratio of 35.29 and a beta of 0.96. The company has a 50-day moving average of $30.31 and a 200 day moving average of $31.35.

New York Times Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Monday, October 10th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, October 6th. This represents a $0.36 annualized dividend and a yield of 0.99%. New York Times’s dividend payout ratio is presently 34.95%.

Analyst Ratings Changes

Several research analysts recently weighed in on NYT shares. Guggenheim reduced their price target on shares of New York Times from $41.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, July 21st. Morgan Stanley reduced their price target on shares of New York Times from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, August 4th. Finally, StockNews.com started coverage on shares of New York Times in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.93.

About New York Times

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The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.

See Also

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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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