The New York Times Company (NYSE:NYT) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in The New York Times Company (NYSE:NYT) by 22.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,424,700 shares of the company’s stock after acquiring an additional 438,680 shares during the quarter. Dimensional Fund Advisors LP owned about 1.48% of New York Times worth $124,164,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in New York Times by 129.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,404 shares of the company’s stock valued at $72,000 after purchasing an additional 792 shares in the last quarter. Signaturefd LLC raised its holdings in shares of New York Times by 34.2% in the 2nd quarter. Signaturefd LLC now owns 1,694 shares of the company’s stock worth $87,000 after purchasing an additional 432 shares during the period. Blue Trust Inc. increased its position in New York Times by 401.8% during the 2nd quarter. Blue Trust Inc. now owns 2,248 shares of the company’s stock worth $115,000 after purchasing an additional 1,800 shares in the last quarter. TFO Wealth Partners LLC increased its position in shares of New York Times by 84,033.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,524 shares of the company’s stock worth $124,000 after acquiring an additional 2,521 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of New York Times in the second quarter worth about $205,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on New York Times from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Barclays raised their price target on shares of New York Times from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, New York Times presently has an average rating of “Moderate Buy” and an average price target of $50.67.

New York Times Trading Down 0.1 %

New York Times stock opened at $54.49 on Monday. The stock has a 50 day moving average of $53.95 and a 200-day moving average of $49.46. The stock has a market cap of $8.95 billion, a P/E ratio of 36.33 and a beta of 1.03. The New York Times Company has a 52 week low of $39.73 and a 52 week high of $56.49.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $625.00 million for the quarter, compared to analyst estimates of $624.82 million. New York Times had a net margin of 10.81% and a return on equity of 17.45%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. As a group, equities analysts predict that The New York Times Company will post 1.9 earnings per share for the current fiscal year.

New York Times Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, July 9th. New York Times’s dividend payout ratio (DPR) is presently 34.67%.

Insider Activity

In related news, CEO Levien Meredith A. Kopit sold 18,300 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $53.92, for a total transaction of $986,736.00. Following the completion of the transaction, the chief executive officer now directly owns 101,772 shares in the company, valued at approximately $5,487,546.24. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO William Bardeen sold 2,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $54.56, for a total value of $109,120.00. Following the completion of the transaction, the chief financial officer now owns 10,315 shares of the company’s stock, valued at $562,786.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Levien Meredith A. Kopit sold 18,300 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $53.92, for a total value of $986,736.00. Following the transaction, the chief executive officer now directly owns 101,772 shares in the company, valued at $5,487,546.24. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

New York Times Company Profile

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast.