First Trust Advisors LP Has $131.46 Million Position in The New York Times Company $NYT

First Trust Advisors LP raised its holdings in The New York Times Company (NYSE:NYT) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,570,073 shares of the company’s stock after buying an additional 14,202 shares during the quarter. First Trust Advisors LP owned 0.97% of New York Times worth $131,462,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NYT. Wealth Enhancement Advisory Services LLC raised its position in New York Times by 28.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 94,748 shares of the company’s stock valued at $6,565,000 after buying an additional 21,228 shares during the last quarter. Genus Capital Management Inc. acquired a new position in shares of New York Times during the 4th quarter worth about $4,945,000. Horizon Investments LLC increased its position in shares of New York Times by 52.8% in the fourth quarter. Horizon Investments LLC now owns 97,772 shares of the company’s stock valued at $6,770,000 after acquiring an additional 33,804 shares during the last quarter. LGT Fund Management Co Ltd. raised its holdings in New York Times by 27.8% during the first quarter. LGT Fund Management Co Ltd. now owns 70,463 shares of the company’s stock worth $5,900,000 after acquiring an additional 15,321 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in New York Times by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company’s stock valued at $272,347,000 after purchasing an additional 50,389 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Trading Down 3.8%

Shares of NYSE NYT opened at $70.19 on Friday. The business’s 50 day moving average is $73.91 and its 200-day moving average is $76.08. The firm has a market cap of $11.36 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.96. The New York Times Company has a 1-year low of $51.03 and a 1-year high of $87.10.

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

New York Times Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on NYT. UBS Group set a $80.00 price objective on New York Times in a report on Wednesday, June 24th. Bank of America lowered their target price on shares of New York Times from $87.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, June 24th. Guggenheim lifted 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. Morgan Stanley set a $90.00 price objective on shares of New York Times in a research note on Thursday, May 7th. Finally, Wall Street Zen raised shares of New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, New York Times has an average rating of “Moderate Buy” and an average price target of $83.22.

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

In related news, EVP William Bardeen sold 4,121 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 14,560 shares in the company, valued at approximately $1,133,496. The trade was a 22.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jacqueline M. Welch sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total value of $296,560.00. Following the sale, the executive vice president directly owned 23,873 shares in the company, valued at $1,769,944.22. This represents a 14.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 17,121 shares of company stock worth $1,310,920. Corporate insiders own 1.90% of the company’s stock.

New York Times Profile

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.