PNC Financial Services Group Inc. lifted its stake in New York Times Company (The) (NYSE:NYT) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,635 shares of the company’s stock after acquiring an additional 429 shares during the quarter. PNC Financial Services Group Inc.’s holdings in New York Times Company (The) were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of NYT. UBS Asset Management Americas Inc. increased its stake in shares of New York Times Company (The) by 29.1% in the first quarter. UBS Asset Management Americas Inc. now owns 73,163 shares of the company’s stock worth $1,054,000 after acquiring an additional 16,491 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in New York Times Company (The) by 384.2% in the first quarter. Envestnet Asset Management Inc. now owns 7,800 shares of the company’s stock worth $112,000 after purchasing an additional 6,189 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in New York Times Company (The) by 71.6% in the first quarter. Neuberger Berman Group LLC now owns 18,287 shares of the company’s stock worth $263,000 after purchasing an additional 7,630 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in New York Times Company (The) by 22.3% in the first quarter. OppenheimerFunds Inc. now owns 29,275 shares of the company’s stock worth $422,000 after purchasing an additional 5,339 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in New York Times Company (The) by 2.2% in the first quarter. Principal Financial Group Inc. now owns 492,761 shares of the company’s stock worth $7,096,000 after purchasing an additional 10,754 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

In other New York Times Company (The) news, CFO James M. Follo sold 138,161 shares of New York Times Company (The) stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.97, for a total value of $2,620,914.17. Following the sale, the chief financial officer now directly owns 136,523 shares in the company, valued at approximately $2,589,841.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is currently owned by insiders.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of New York Times Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 price objective on shares of New York Times Company (The) in a report on Monday, October 16th. Finally, Barclays PLC upped their price objective on shares of New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.95.

Shares of New York Times Company (NYSE:NYT) opened at 19.20 on Tuesday. The company has a 50-day moving average of $19.39 and a 200-day moving average of $18.01. New York Times Company has a one year low of $10.60 and a one year high of $20.15. The company has a market capitalization of $3.11 billion, a PE ratio of 48.85 and a beta of 1.78.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Wednesday, October 4th were paid a $0.04 dividend. The ex-dividend date was Tuesday, October 3rd. This represents a $0.16 annualized dividend and a yield of 0.83%. New York Times Company (The)’s payout ratio is currently 40.00%.

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New York Times Company (The) Company Profile

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

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

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