484,424 Shares in The New York Times Company $NYT Purchased by Giverny Capital Inc.

Giverny Capital Inc. bought a new stake in The New York Times Company (NYSE:NYT) during the second quarter, Holdings Channel reports. The institutional investor bought 484,424 shares of the company’s stock, valued at approximately $33,900,000. New York Times accounts for approximately 1.2% of Giverny Capital Inc.’s investment portfolio, making the stock its 26th largest holding.

Several other hedge funds also recently modified their holdings of the stock. Resona Asset Management Co. Ltd. purchased a new stake in shares of New York Times during the first quarter valued at approximately $1,752,000. Genus Capital Management Inc. bought a new stake in New York Times during the fourth quarter worth $4,945,000. Berkshire Hathaway Inc purchased a new position in New York Times in the fourth quarter worth $351,664,000. LGT Fund Management Co Ltd. boosted its position in New York Times by 27.8% in the first quarter. LGT Fund Management Co Ltd. now owns 70,463 shares of the company’s stock worth $5,900,000 after purchasing an additional 15,321 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in New York Times by 1.3% in the 4th 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 during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Stock Down 0.0%

NYT opened at $67.25 on Monday. The firm has a 50-day moving average price of $70.36 and a 200-day moving average price of $75.44. The New York Times Company has a twelve month low of $54.10 and a twelve month high of $87.10. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.73 and a beta of 0.92.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $762.46 million for the quarter, compared to analysts’ expectations of $752.01 million. New York Times had a net margin of 13.19% and a return on equity of 22.64%. New York Times’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. On average, sell-side analysts expect that The New York Times Company will post 2.84 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 8th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, July 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. New York Times’s dividend payout ratio is currently 38.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NYT shares. UBS Group set a $75.00 price target on shares of New York Times in a research report on Tuesday, August 18th. Citigroup reaffirmed a “neutral” rating on shares of New York Times in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their target price on shares of New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research note on Friday, July 17th. Finally, Bank of America decreased their price target on shares of New York Times from $87.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, New York Times currently has an average rating of “Moderate Buy” and a consensus target price of $82.33.

Key Stories Impacting New York Times

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

• Positive Sentiment: Solid earnings momentum supports the stock. The New York Times reported quarterly earnings of $0.69 per share, above the $0.67 consensus estimate, while revenue of $762.5 million exceeded expectations and increased 11.2% year over year. A Zacks review says NYT has risen 3.5% since that report, suggesting investors continue to view its subscription and digital business performance favorably. Why Is New York Times Up 3.5% Since Last Earnings Report?
• Positive Sentiment: Broad content output may help sustain reader engagement. Recent coverage spans major entertainment, politics, international news, culture and The Athletic’s sports reporting. Articles including coverage of “Practical Magic 2,” the U.S. Open, soccer transfers and global events highlight the breadth of NYT’s subscription content, although no article disclosed a specific subscriber or revenue gain. How the Stars of Practical Magic 2 Reclaimed Their Power
• Neutral Sentiment: Most newly published articles are not direct stock catalysts. Coverage of Gloria Steinem, Nepal, Germany, Ukraine, the arts, lifestyle and sports reflects ongoing newsroom activity but does not provide new information on NYT’s financial outlook, pricing, subscriber trends or operating costs.
• Negative Sentiment: The AI copyright case remains a significant uncertainty. The U.S. government reportedly sided with OpenAI in defending the use of copyrighted works to train AI models in The New York Times’ lawsuit. That position could complicate NYT’s legal strategy and increase uncertainty over potential licensing revenue, damages or restrictions on AI training. US government sides with OpenAI in New York Times copyright lawsuit
• Negative Sentiment: Interest-rate uncertainty may pressure valuation. Reports that a rate increase remains possible could weigh on richly valued growth and subscription companies such as NYT, particularly while the shares trade above 28 times earnings.

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.