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

Key Points

• Giverny Capital bought 484,424 New York Times shares worth approximately $33.9 million, giving it a 0.30% stake and making NYT its 26th-largest holding.
• Institutional investors own 95.37% of NYT, while analysts maintain a “Moderate Buy” consensus with an average price target of $82.33; ratings include one Strong Buy, four Buys and six Holds.
• Recent quarterly results exceeded expectations, with EPS of $0.69 and revenue of $762.5 million, up 11.2% year over year. However, the company faces uncertainty from its AI copyright lawsuit and potential interest-rate pressure on its valuation.

Giverny Capital Inc. bought a new position in shares of The New York Times Company (NYSE:NYT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 484,424 shares of the company's stock, valued at approximately $33,900,000. New York Times accounts for 1.2% of Giverny Capital Inc.'s holdings, making the stock its 26th biggest holding. Giverny Capital Inc. owned approximately 0.30% of New York Times as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of New York Times during the second quarter worth about $4,278,000. California State Teachers Retirement System boosted its holdings in New York Times by 6,931.8% in the second quarter. California State Teachers Retirement System now owns 12,671,559 shares of the company's stock valued at $886,756,000 after acquiring an additional 12,491,356 shares during the last quarter. Figure 8 Investment Strategies LLC increased its position in New York Times by 3.3% during the 2nd quarter. Figure 8 Investment Strategies LLC now owns 11,328 shares of the company's stock valued at $793,000 after purchasing an additional 367 shares during the period. HB Wealth Management LLC increased its position in New York Times by 8.9% during the 2nd quarter. HB Wealth Management LLC now owns 10,729 shares of the company's stock valued at $751,000 after purchasing an additional 881 shares during the period. Finally, AlphaGrep UK Ltd bought a new position in New York Times during the 2nd quarter worth approximately $721,000. Institutional investors own 95.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of New York Times from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of New York Times from $74.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, May 29th. UBS Group set a $75.00 target price on shares of New York Times in a report on Tuesday, August 18th. Barclays cut their price target on shares of New York Times from $66.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 6th. Finally, Bank of America decreased their price target on New York Times from $87.00 to $80.00 and set a "neutral" rating for the company in a report 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 given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.33.

Key New York Times News

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.

New York Times Stock Performance

New York Times stock opened at $67.25 on Monday. The stock 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. The New York Times Company has a 52-week low of $54.10 and a 52-week high of $87.10. The stock's 50 day moving average price is $70.36 and its two-hundred day moving average price is $75.44.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $762.46 million during the quarter, compared to analyst estimates 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 for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. On average, equities research analysts forecast that The New York Times Company will post 2.84 EPS for the current year.

New York Times Dividend Announcement

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

New York Times 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.

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