The New York Times Company (NYSE:NYT) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in The New York Times Company (NYSE:NYT) by 31.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 188,876 shares of the company’s stock after acquiring an additional 45,672 shares during the period. Texas Permanent School Fund Corp owned approximately 0.11% of New York Times worth $9,672,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NYT. International Assets Investment Management LLC lifted its stake in shares of New York Times by 1,322.3% in the 4th quarter. International Assets Investment Management LLC now owns 22,046 shares of the company’s stock worth $1,080,000 after acquiring an additional 20,496 shares during the period. Victory Capital Management Inc. lifted its stake in shares of New York Times by 579.1% in the 4th quarter. Victory Capital Management Inc. now owns 197,571 shares of the company’s stock worth $9,679,000 after acquiring an additional 168,480 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of New York Times by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,800,927 shares of the company’s stock worth $88,227,000 after acquiring an additional 31,213 shares during the period. QRG Capital Management Inc. lifted its stake in shares of New York Times by 6.1% in the fourth quarter. QRG Capital Management Inc. now owns 10,499 shares of the company’s stock valued at $514,000 after purchasing an additional 600 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of New York Times by 15.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,289 shares of the company’s stock valued at $161,000 after purchasing an additional 451 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

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

New York Times Trading Down 0.5 %

NYSE:NYT opened at $52.72 on Tuesday. The firm has a 50-day moving average price of $53.65 and a two-hundred day moving average price of $48.79. The New York Times Company has a twelve month low of $39.73 and a twelve month high of $56.49. The company has a market capitalization of $8.66 billion, a P/E ratio of 35.15 and a beta of 1.03.

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

New York Times Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, July 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.99%. New York Times’s dividend payout ratio (DPR) is presently 34.67%.

Insider Transactions at New York Times

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

New York Times 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.