Blue Trust Inc. has $115,000 in shares position in The New York Times Company (NYSE:NYT)

Blue Trust Inc. raised its position in The New York Times Company (NYSE:NYT – Free Report) by 401.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,248 shares of the company’s stock after acquiring an additional 1,800 shares during the period. Holdings of Blue Trust Inc. in the New York Times were worth $115,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management SA acquired a new stake in New York Times in the second quarter valued at about $2,712,000. Envestnet Portfolio Solutions Inc. raised its stake in New York Times by 37.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,018 shares of the company’s stock valued at $359,000 after acquiring an additional 1,920 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in New York Times by 5.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company’s stock valued at $623,000 after acquiring an additional 587 shares during the period. Gateway Investment Advisers LLC raised its stake in New York Times by 15.9% in the second quarter. Gateway Investment Advisers LLC now owns 21,263 shares of the company’s stock valued at $1,089,000 after acquiring an additional 2,918 shares during the period. Finally, SG Americas Securities LLC raised its stake in New York Times by 1,126.6% in the second quarter. SG Americas Securities LLC now owns 60,555 shares of the company’s stock valued at $3,101,000 after acquiring an additional 55,618 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s shares.

Analyst upgrades and downgrades

The NYT has been the subject of a number of investigative reports. JPMorgan Chase & Co. lifted their price objective on New York Times from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Evercore ISI raised their target price on New York Times from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Finally, Barclays raised their target price on New York Times from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.67.

Check out our latest stock report on the New York Times

Indoor activity

In related news, CEO Levien Meredith A. Kopit sold 18,300 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $53.92, for a total transaction of $986,736.00. Following the completion of the sale, the chief executive officer now directly owns 101,772 shares in the company, valued at approximately $5,487,546.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Levien Meredith A. Kopit sold 18,300 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $53.92, for a total transaction of $986,736.00. Following the completion of the sale, the chief executive officer now directly owns 101,772 shares in the company, valued at approximately $5,487,546.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William Bardeen sold 2,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $54.56, for a total value of $109,120.00. Following the sale, the chief financial officer now owns 10,315 shares of the company’s stock, valued at $562,786.40. The disclosure for this sale can be found here. Corporate insiders hold 2.00% of the company’s stock.

New York Times shares fell 0.6%

Shares of NYSE NYT opened at $54.68 on Wednesday. The firm has a market cap of $8.98 billion, a P/E ratio of 36.45 and a beta of 1.06. The stock’s 50-day simple moving average is $52.52, and its two-hundred-day simple moving average is $47.81. The New York Times Company has a twelve month low of $39.73 and a twelve month high of $56.49.

The New York Times (NYSE:NYT – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The firm had revenue of $625.00 million for the quarter, compared to analyst estimates of $624.82 million. The New York Times had a return on equity of 17.33% and a net margin of 10.19%. The company’s revenue grew 5.8% year-over-year. During the same period in the previous year, the company earned $0.38 EPS. As a group, research analysts anticipate that The New York Times Company will post 1.77 EPS for the current fiscal year.

New York Times Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, July 9th. This represents an annualized dividend of $0.52 and a dividend yield of 0.95%. The New York Times’ dividend payout ratio (DPR) is currently 34.67%.

New York Times Company Profile

(Free report)

The New York Times Company, together with its subsidiaries, creates, collects and distributes news and information around the world. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through the company’s mobile app, website, print newspaper and related content such as podcasts.

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