Arbejdsmarkedets Tillaegspension Invests $25.21 Million in The New York Times Company $NYT

Arbejdsmarkedets Tillaegspension acquired a new stake in The New York Times Company (NYSE:NYTFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 301,053 shares of the company’s stock, valued at approximately $25,207,000.

Other large investors also recently bought and sold shares of the company. Navalign LLC purchased a new position in shares of New York Times in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC increased its stake in shares of New York Times by 74.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after acquiring an additional 190 shares during the period. International Assets Investment Management LLC acquired a new position in New York Times during the fourth quarter worth $32,000. SOA Wealth Advisors LLC. purchased a new position in shares of New York Times in the 4th quarter valued at about $34,000. Finally, Larson Financial Group LLC lifted its position in shares of New York Times by 59.6% during the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NYT. Barclays boosted their price objective on shares of New York Times from $60.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a report on Tuesday, April 21st. Guggenheim boosted their price objective on New York Times from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Evercore reissued an “outperform” rating and issued a $92.00 price objective on shares of New York Times in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, New York Times currently has a consensus rating of “Moderate Buy” and an average price target of $83.22.

Read Our Latest Report on NYT

New York Times Stock Down 0.2%

Shares of NYT stock opened at $74.82 on Monday. The company has a market cap of $12.11 billion, a P/E ratio of 32.11, a P/E/G ratio of 1.55 and a beta of 0.96. The New York Times Company has a twelve month low of $51.03 and a twelve month high of $87.10. The business has a fifty day simple moving average of $74.67 and a 200 day simple moving average of $75.81.

New York Times (NYSE:NYTGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The business had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. During the same quarter last year, the firm earned $0.41 earnings per share. New York Times’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, July 8th. New York Times’s dividend payout ratio is currently 39.48%.

Insiders Place Their Bets

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

Key Stories Impacting New York Times

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About New York Times

(Free Report)

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.

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

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