Pacer Advisors Inc. Boosts Stock Position in The New York Times Company $NYT

Pacer Advisors Inc. raised its holdings in The New York Times Company (NYSE:NYT) by 58.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,351 shares of the company’s stock after acquiring an additional 16,046 shares during the quarter. Pacer Advisors Inc.’s holdings in New York Times were worth $3,009,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at New York Times

In other news, EVP William Bardeen sold 4,121 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the completion of the transaction, the executive vice president directly owned 14,560 shares of the company’s stock, valued at approximately $1,133,496. The trade was a 22.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David S. Perpich sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.06, for a total value of $693,540.00. Following the sale, the director directly owned 28,469 shares in the company, valued at approximately $2,193,821.14. The trade was a 24.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 17,121 shares of company stock valued at $1,310,920. Corporate insiders own 1.90% of the company’s stock.

New York Times News Summary

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

• Positive Sentiment: Berkshire Hathaway reportedly nearly tripled its stake in New York Times Company (NYT), a headline that can signal confidence from a major long-term investor and support sentiment around the stock. Article Title
• Positive Sentiment: Analyst commentary highlighted NYT as a low-beta defensive stock after the Fed left interest rates unchanged, which may attract investors looking for stability in a volatile market. Article Title
• Neutral Sentiment: Recent New York Times coverage has been dominated by sports, politics, and world news, including multiple The Athletic World Cup and NBA draft stories, which are important for readership but do not appear to materially change the company’s fundamentals today.
• Neutral Sentiment: A Reuters-style market note cited a Meta prediction-markets report from The New York Times, showing the company’s journalism continues to drive attention, though the story was more relevant to Meta than to NYT’s own earnings outlook.

New York Times Stock Performance

NYSE NYT opened at $73.16 on Wednesday. The firm’s 50 day moving average price is $76.64 and its 200-day moving average price is $75.38. The New York Times Company has a 52-week low of $51.03 and a 52-week high of $87.10. The company has a market cap of $11.84 billion, a PE ratio of 31.40, a P/E/G ratio of 1.49 and a beta of 0.95.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.12. The company had revenue of $712.24 million for 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%. New York Times’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. On average, analysts forecast that The New York Times Company will post 2.93 earnings per share for the current fiscal year.

New York Times Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.3%. New York Times’s dividend payout ratio (DPR) is currently 39.48%.

Analyst Ratings Changes

NYT has been the topic of a number of research analyst reports. Bank of America initiated coverage on shares of New York Times in a research note on Wednesday, April 22nd. They issued a “neutral” rating and a $84.00 target price on the stock. Citigroup boosted their price target on New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research note on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective on New York Times from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Finally, Barclays lifted their target price on New York Times from $60.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, New York Times has a consensus rating of “Moderate Buy” and an average target price of $81.67.

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.