The New York Times Company $NYT Stake Raised by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in The New York Times Company by 49.9% during the second quarter, owning approximately 0.12% of the company worth $10.96 million after acquiring an additional 65,175 shares.
• Vanguard Group Inc. and T. Rowe Price Investment Management Inc. also raised their positions in the company, with Vanguard increasing its holdings by 1.2% and T. Rowe Price by 7.2% during the first quarter.
• The New York Times announced a quarterly dividend of $0.18 per share, which will be paid on October 23rd, representing an annualized yield of 1.3%.

Robeco Institutional Asset Management B.V. raised its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 49.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,724 shares of the company's stock after acquiring an additional 65,175 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.12% of New York Times worth $10,957,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in New York Times by 1.2% during the first quarter. Vanguard Group Inc. now owns 15,987,404 shares of the company's stock valued at $792,975,000 after purchasing an additional 187,056 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of New York Times by 7.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,392,977 shares of the company's stock valued at $515,492,000 after acquiring an additional 698,433 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of New York Times by 19.0% during the 1st quarter. Baillie Gifford & Co. now owns 3,018,477 shares of the company's stock valued at $149,716,000 after acquiring an additional 481,682 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of New York Times by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,707,676 shares of the company's stock worth $134,292,000 after acquiring an additional 211,062 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of New York Times by 37.4% during the first quarter. Alliancebernstein L.P. now owns 2,622,794 shares of the company's stock worth $130,091,000 after acquiring an additional 714,317 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NYT shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of New York Times in a research report on Saturday, September 27th. Zacks Research cut New York Times from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Guggenheim raised their price objective on shares of New York Times from $55.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Morgan Stanley lifted their target price on shares of New York Times from $54.00 to $59.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Finally, Barclays set a $52.00 price target on shares of New York Times and gave the company an "equal weight" rating in a report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, New York Times currently has an average rating of "Moderate Buy" and an average target price of $60.33.

New York Times Stock Up 0.1%

NYSE:NYT opened at $55.63 on Monday. The company's 50 day moving average is $57.80 and its 200-day moving average is $54.66. The New York Times Company has a 12 month low of $44.83 and a 12 month high of $62.24. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 1.40 and a beta of 1.16.

New York Times (NYSE:NYT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. New York Times had a net margin of 11.92% and a return on equity of 19.55%. The firm had revenue of $685.90 million during the quarter, compared to analyst estimates of $670.22 million. During the same quarter in the previous year, the business earned $0.45 EPS. The business's revenue was up 9.7% on a year-over-year basis. Research analysts predict that The New York Times Company will post 2.08 EPS for the current fiscal year.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. New York Times's dividend payout ratio (DPR) is 37.11%.

Insider Activity at New York Times

In related news, EVP Jacqueline M. Welch sold 5,500 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $60.04, for a total transaction of $330,220.00. Following the transaction, the executive vice president owned 14,470 shares of the company's stock, valued at approximately $868,778.80. The trade was a 27.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William Bardeen sold 5,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $58.04, for a total transaction of $290,200.00. Following the transaction, the executive vice president owned 11,243 shares of the company's stock, valued at approximately $652,543.72. The trade was a 30.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% 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.

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