5 Best News and Digital Media Stocks To Buy

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In this article, we discuss 5 best news and digital media stocks to buy. If you want to see more stocks in this selection, check out 13 Best News and Digital Media Stocks To Buy

5. The New York Times Company (NYSE:NYT)

Number of Hedge Fund Holders: 38

The New York Times Company (NYSE:NYT) and its affiliated entities supply news and information to audiences worldwide using various platforms. The company provides The New York Times, a daily and Sunday newspaper in the US, as well as an international edition of The Times. In addition, it operates the website NYTimes.com. It is one of the best news and entertainment stocks to invest in. On February 9, The New York Times Company (NYSE:NYT) declared a $0.11 per share quarterly dividend, a 22.2% increase from its prior dividend of $0.09. The dividend is payable on April 20, to shareholders of record on April 5.

On March 15, JPMorgan increased its price target on The New York Times Company (NYSE:NYT) from $38 to $41 and maintained an Overweight rating on the stock. The analyst explained that the company’s bundle strategy is leading to advantageous outcomes.

According to Insider Monkey’s fourth quarter database, 38 hedge funds were bullish on The New York Times Company (NYSE:NYT), compared to 34 funds in the prior quarter. ValueAct Capital is the biggest stakeholder of the company, with 13.6 million shares worth approximately $443 million.

Follow New York Times Co (NYSE:NYT.A)

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