Berkshire Hathaway Inc Buys New Position in The New York Times Company $NYT

Berkshire Hathaway Inc bought a new stake in The New York Times Company (NYSE:NYT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,065,744 shares of the company’s stock, valued at approximately $351,664,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NYT. Bank of Montreal Can raised its stake in New York Times by 10,018.3% in the fourth quarter. Bank of Montreal Can now owns 2,316,172 shares of the company’s stock valued at $160,789,000 after purchasing an additional 2,293,281 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of New York Times by 78.1% during the second quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock worth $233,265,000 after acquiring an additional 1,836,788 shares in the last quarter. Egerton Capital UK LLP purchased a new position in shares of New York Times during the fourth quarter worth approximately $97,882,000. Two Sigma Investments LP lifted its holdings in shares of New York Times by 98.5% in the 3rd quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock worth $117,993,000 after acquiring an additional 1,020,031 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of New York Times by 77.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,924,396 shares of the company’s stock worth $133,592,000 after acquiring an additional 838,305 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley set a $90.00 price objective on shares of New York Times in a report on Thursday, May 7th. Citigroup boosted their price objective on shares of New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Wall Street Zen upgraded shares of New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Guggenheim boosted their price objective on shares of New York Times from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Argus upgraded shares of New York Times to a “strong-buy” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, New York Times currently has an average rating of “Moderate Buy” and an average price target of $81.67.

Key Headlines Impacting New York Times

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

• Positive Sentiment: Zacks highlighted NYT as a “strong growth stock,” which can reinforce investor confidence in the company’s earnings and subscription-driven business model. Article Title
• Positive Sentiment: Zacks also listed NYT among “defensive picks,” suggesting the stock may appeal to investors looking for stable names during uncertain macro conditions. Article Title
• Neutral Sentiment: The company published a large volume of timely coverage on major topics including the World Cup, U.S. politics, elections, and climate, which supports traffic and engagement but does not appear to be a direct stock-specific catalyst.
• Neutral Sentiment: Several NYT Athletic updates on World Cup matches and player news may help audience interest, but their immediate impact on earnings expectations is unclear.

Insider Transactions at New York Times

In related news, Director David S. Perpich sold 9,000 shares of New York Times stock in a transaction on Monday, May 11th. The shares were sold at an average price of $77.06, for a total value of $693,540.00. Following the sale, the director owned 28,469 shares in the company, valued at $2,193,821.14. The trade was a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William Bardeen sold 4,121 shares of New York Times stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $77.85, for a total transaction of $320,819.85. Following the completion of the sale, the executive vice president owned 14,560 shares in the company, valued at approximately $1,133,496. This trade represents a 22.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 17,121 shares of company stock worth $1,310,920. Insiders own 1.90% of the company’s stock.

New York Times Stock Performance

Shares of New York Times stock opened at $74.45 on Thursday. The New York Times Company has a 52-week low of $51.03 and a 52-week high of $87.10. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 1.53 and a beta of 0.95. The company’s 50 day moving average price is $77.45 and its 200-day moving average price is $75.14.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.12. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The firm had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. During the same quarter last year, the business earned $0.41 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts forecast that The New York Times Company will post 2.93 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. New York Times’s dividend payout ratio (DPR) is currently 39.48%.

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.