The New York Times Company $NYT Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in The New York Times Company (NYSE:NYT) by 30.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 761,118 shares of the company’s stock after purchasing an additional 177,045 shares during the period. Janus Henderson Group PLC’s holdings in New York Times were worth $63,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Navalign LLC purchased a new position in shares of New York Times during the 4th quarter valued at approximately $25,000. Cornerstone Planning Group LLC boosted its holdings in 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 buying an additional 190 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in New York Times during the fourth quarter worth $32,000. SOA Wealth Advisors LLC. acquired a new stake in New York Times during the fourth quarter valued at $34,000. Finally, SJS Investment Consulting Inc. grew its position in New York Times by 313.9% during the first quarter. SJS Investment Consulting Inc. now owns 567 shares of the company’s stock valued at $47,000 after buying an additional 430 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times News Roundup

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

• Positive Sentiment: NYT is publishing extensive coverage of high-interest events, including the expanding Iran conflict, Russia’s attacks on Ukraine, migration into Spain’s Ceuta territory, U.S. politics and artificial-intelligence risks. Such breaking-news and explanatory coverage can support traffic, subscriptions and engagement, although the articles do not disclose a measurable financial impact. Iran War Live Updates
• Neutral Sentiment: The company’s broad mix of politics, international affairs, science, culture and lifestyle journalism reinforces the value of its subscription bundle. However, the supplied articles contain no new subscriber, advertising or guidance figures, limiting their immediate importance for valuation.
• Neutral Sentiment: Coverage of rising artificial-intelligence spending and an possible venture-capital bubble highlights both the opportunity and uncertainty facing digital media companies. AI could improve products and efficiency, but it may also intensify competition for audience attention and increase technology costs. In Silicon Valley, Some Say an A.I. Bubble Would Be Just Fine
• Negative Sentiment: The report that the economy is slowing is a potential concern for advertising demand, even though NYT’s subscription-led model may reduce its exposure relative to traditional broadcasters and newspapers. The Economy Slows
• Negative Sentiment: ABC’s formal dispute with the F.C.C. over television-license reviews underscores heightened regulatory and political pressure on U.S. media companies. The issue does not directly involve NYT, but it may contribute to a more cautious media-sector trading environment. ABC Formally Rebukes F.C.C. for Review of TV Licenses

Analysts Set New Price Targets

A number of research firms have weighed in on NYT. UBS Group set a $80.00 price objective on shares of New York Times in a report on Wednesday, June 24th. Wall Street Zen upgraded New York Times from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. raised their target price on New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Barclays lifted their price target on 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. Finally, Guggenheim increased their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.22.

New York Times Stock Performance

Shares of NYT stock opened at $74.91 on Friday. The New York Times Company has a fifty-two week low of $51.03 and a fifty-two week high of $87.10. The firm has a market capitalization of $12.12 billion, a P/E ratio of 32.15, a PEG ratio of 1.55 and a beta of 0.96. The stock’s fifty day moving average is $73.86 and its two-hundred day moving average is $76.21.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, May 6th. The company reported $0.61 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 analysts’ expectations 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. On average, equities analysts forecast that The New York Times Company will post 2.93 earnings per share for the current year.

New York Times Announces Dividend

The firm also recently disclosed 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 1.2%. The ex-dividend date of this dividend was Wednesday, July 8th. New York Times’s dividend payout ratio is currently 39.48%.

Insider Activity at New York Times

In other New York Times news, 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 value of $296,560.00. Following the completion of the sale, the executive vice president owned 23,873 shares in the company, valued at approximately $1,769,944.22. This represents a 14.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Bardeen sold 4,121 shares of the firm’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 transaction of $320,819.85. Following the completion of the transaction, the executive vice president directly owned 14,560 shares in the company, valued at $1,133,496. This trade represents a 22.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, 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 Company 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.