Oregon Public Employees Retirement Fund increased its position in shares of New York Times Company (The) (NYSE:NYT) by 4.4% during the second quarter, Holdings Channel reports. The fund owned 44,550 shares of the company’s stock after buying an additional 1,862 shares during the period. Oregon Public Employees Retirement Fund’s holdings in New York Times Company (The) were worth $789,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its position in New York Times Company (The) by 1.5% in the second quarter. Meeder Asset Management Inc. now owns 58,409 shares of the company’s stock worth $1,033,000 after buying an additional 858 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in New York Times Company (The) by 1,082.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,710 shares of the company’s stock worth $207,000 after buying an additional 10,720 shares during the last quarter. Point72 Asset Management L.P. bought a new position in New York Times Company (The) during the first quarter worth about $5,111,000. Metropolitan Life Insurance Co. NY raised its position in New York Times Company (The) by 0.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 194,946 shares of the company’s stock worth $2,807,000 after buying an additional 915 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in New York Times Company (The) by 9.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 755,695 shares of the company’s stock worth $10,883,000 after buying an additional 63,254 shares during the last quarter. 64.07% of the stock is currently owned by institutional investors and hedge funds.

New York Times Company (NYT) remained flat at $19.15 on Friday. 1,002,138 shares of the company traded hands. The stock has a market cap of $3.10 billion, a P/E ratio of 48.73 and a beta of 1.81. The firm has a 50-day moving average of $17.91 and a 200 day moving average of $15.91. New York Times Company has a 1-year low of $10.60 and a 1-year high of $20.15.

New York Times Company (The) (NYSE:NYT) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. The business had revenue of $407.10 million for the quarter, compared to the consensus estimate of $393.07 million. New York Times Company (The) had a return on equity of 12.76% and a net margin of 4.12%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Equities research analysts forecast that New York Times Company will post $0.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Wednesday, July 12th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, July 10th. New York Times Company (The)’s dividend payout ratio (DPR) is 40.00%.

COPYRIGHT VIOLATION WARNING: This article was first reported by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/06/oregon-public-employees-retirement-fund-buys-1862-shares-of-new-york-times-company-the-nyt.html.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised New York Times Company (The) from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, July 31st. Barclays PLC boosted their target price on New York Times Company (The) from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC boosted their target price on New York Times Company (The) from $12.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.20.

In related news, SVP R Anthony Benten sold 13,200 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $17.59, for a total value of $232,188.00. Following the sale, the senior vice president now owns 49,376 shares of the company’s stock, valued at approximately $868,523.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Carso S.A. De C.V. Inversora sold 521,500 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $19.27, for a total value of $10,049,305.00. Following the completion of the sale, the insider now directly owns 19,353,000 shares in the company, valued at approximately $372,932,310. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

About New York Times Company (The)

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.

Want to see what other hedge funds are holding NYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Times Company (The) (NYSE:NYT).

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

Receive News & Ratings for New York Times Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.