American Century Companies Inc. Buys 576,466 Shares of The New York Times Company $NYT

American Century Companies Inc. boosted its stake in The New York Times Company (NYSE:NYT) by 73.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,365,608 shares of the company’s stock after purchasing an additional 576,466 shares during the quarter. American Century Companies Inc. owned approximately 0.84% of New York Times worth $78,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NYT. Quantbot Technologies LP grew its stake in New York Times by 233.4% during the third quarter. Quantbot Technologies LP now owns 63,083 shares of the company’s stock valued at $3,621,000 after acquiring an additional 44,161 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in New York Times by 28.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 142,642 shares of the company’s stock worth $8,188,000 after purchasing an additional 31,507 shares in the last quarter. Jump Financial LLC boosted its holdings in New York Times by 362.7% in the 2nd quarter. Jump Financial LLC now owns 153,506 shares of the company’s stock valued at $8,593,000 after purchasing an additional 120,327 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of New York Times by 35.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 94,722 shares of the company’s stock valued at $5,428,000 after purchasing an additional 24,574 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of New York Times by 143.6% in the third quarter. Intech Investment Management LLC now owns 232,445 shares of the company’s stock worth $13,342,000 after purchasing an additional 137,037 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Price Performance

Shares of NYT opened at $81.37 on Wednesday. The New York Times Company has a 1 year low of $44.83 and a 1 year high of $81.49. The stock has a 50 day simple moving average of $72.45 and a two-hundred day simple moving average of $64.70. The firm has a market cap of $13.21 billion, a P/E ratio of 38.93, a P/E/G ratio of 2.49 and a beta of 1.09.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. New York Times had a net margin of 12.18% and a return on equity of 21.02%. The firm had revenue of $802.31 million during the quarter, compared to analyst estimates of $791.55 million. During the same period in the previous year, the business posted $0.80 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, April 1st. This is a positive change from New York Times’s previous quarterly dividend of $0.18. This represents a $0.92 annualized dividend and a yield of 1.1%. New York Times’s dividend payout ratio (DPR) is currently 34.45%.

New York Times News Summary

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

• Positive Sentiment: Management presented at the Morgan Stanley Technology, Media & Telecom conference this week, providing an investor update that typically reassures the market about subscription momentum and digital strategy. Read More.
• Positive Sentiment: Ongoing, live coverage of the Iran conflict is driving large-scale engagement — real-time reporting and live updates generally boost pageviews and subscriptions during major breaking-news events. Read More.
• Positive Sentiment: Energy-market reporting highlights an oil and natural-gas rally amid the conflict; this kind of market-moving coverage can increase premium readership and institutional/newsroom demand for timely analysis. Read More.
• Neutral Sentiment: Feature and analysis pieces (politics, law, health, arts and sports) published today add breadth to the paper’s offerings but are standard content drivers rather than discrete catalysts for the stock. Example: legal explainer on targeted killings. Read More.
• Neutral Sentiment: Business/finance coverage that attracts specialized audiences: a recent piece on Berkshire Hathaway’s final-quarter moves may draw finance readers but is not company-specific. Read More.
• Neutral Sentiment: Audience-engagement initiatives (calls for readers affected by immigration policy, local reporting) support subscriber growth over time but are incremental. Read More.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NYT shares. JPMorgan Chase & Co. lifted their price objective on New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Argus raised New York Times to a “strong-buy” rating in a report on Thursday, February 19th. Morgan Stanley set a $68.00 price objective on New York Times in a report on Thursday, December 18th. Guggenheim set a $63.00 price objective on shares of New York Times and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, UBS Group set a $62.00 target price on shares of New York Times in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, New York Times currently has a consensus rating of “Moderate Buy” and an average price target of $68.43.

Insider Activity

In other news, CAO R Anthony Benten sold 1,913 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total transaction of $140,739.41. Following the transaction, the chief accounting officer directly owned 37,772 shares of the company’s stock, valued at approximately $2,778,886.04. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

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.