Dimensional Fund Advisors LP Lowers Position in The New York Times Company $NYT

Dimensional Fund Advisors LP lessened its stake in shares of The New York Times Company (NYSE:NYT) by 3.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,701,753 shares of the company’s stock after selling 107,474 shares during the period. Dimensional Fund Advisors LP’s holdings in New York Times were worth $226,215,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Navalign LLC purchased a new position in shares of New York Times during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC increased its holdings in New York Times by 74.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after acquiring an additional 190 shares in the last quarter. International Assets Investment Management LLC bought a new stake in New York Times during the 4th quarter worth approximately $32,000. SOA Wealth Advisors LLC. bought a new stake in New York Times during the 4th quarter worth approximately $34,000. Finally, Larson Financial Group LLC raised its stake in New York Times by 59.6% during the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock worth $38,000 after acquiring an additional 245 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

More New York Times News

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: The Times continued to publish widely read breaking-news and analysis content on major market-moving topics, which can support audience engagement and subscriber demand.
• Neutral Sentiment: Coverage ranged from politics and geopolitics to culture, sports, and lifestyle, adding to the paper’s content breadth but with no clear immediate financial impact.
• Negative Sentiment: A Reuters report said a U.S. judge will consider subpoenas issued to New York Times journalists over Trump-related reporting, creating a potential legal and reputational headwind for NYT. Article Title

Insider Activity at New York Times

In other New York Times news, Director David S. Perpich sold 9,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.06, for a total transaction of $693,540.00. Following the completion of the transaction, the director owned 28,469 shares of the company’s stock, valued at $2,193,821.14. This represents a 24.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacqueline M. Welch sold 4,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the transaction, the executive vice president directly owned 23,873 shares of the company’s stock, valued at $1,769,944.22. This trade represents a 14.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 17,121 shares of company stock valued at $1,310,920. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays upped their price target on shares of New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Guggenheim raised their price objective on shares of New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. UBS Group set a $80.00 target price on shares of New York Times in a research note on Wednesday, June 24th. Wall Street Zen raised shares of New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, New York Times has an average rating of “Moderate Buy” and a consensus target price of $83.22.

New York Times Trading Down 3.8%

NYSE NYT opened at $70.19 on Friday. The New York Times Company has a 12 month low of $51.03 and a 12 month high of $87.10. The stock has a market cap of $11.36 billion, a PE ratio of 30.12, a P/E/G ratio of 1.51 and a beta of 0.96. The stock’s 50 day moving average is $73.91 and its 200 day moving average is $76.08.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $712.24 million during the quarter, compared to analyst estimates of $699.93 million. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. On average, analysts forecast that The New York Times Company will post 2.93 EPS for the current fiscal year.

New York Times Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, July 8th. New York Times’s dividend payout ratio (DPR) is presently 39.48%.

About New York Times

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.