The New York Times Company (NYT) – What Are Brokerages Thinking About This Stock?

The New York Times Company (NYSE:NYT) has received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $82.70.

Several equities research analysts recently weighed in on the company. Bank of America reduced their target price 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. Zacks Research downgraded New York Times from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Wall Street Zen downgraded New York Times from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. UBS Group set a $82.00 price target on shares of New York Times in a research report on Tuesday, September 15th. Finally, Guggenheim upgraded shares of New York Times from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $82.00 in a research note on Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NYT. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of New York Times by 4.2% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,366 shares of the company’s stock valued at $282,000 after purchasing an additional 135 shares during the last quarter. Andina Capital Management LLC increased its holdings in shares of New York Times by 1.7% in the fourth quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock valued at $612,000 after purchasing an additional 147 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of New York Times by 34.4% in the first quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock valued at $58,000 after purchasing an additional 176 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in New York Times by 1.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,165 shares of the company’s stock worth $1,201,000 after purchasing an additional 242 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in New York Times by 3.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,816 shares of the company’s stock worth $654,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

More New York Times News

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

• Positive Sentiment: Potentially positive content and subscription engagement: NYT’s latest coverage spans major national and international stories, including U.S. politics, Ukraine, gun violence and the economy. High-profile, frequently updated news can support reader traffic, digital subscriptions and advertising demand. Is This the Breaking Point for Trump and Zelensky?
• Positive Sentiment: The Athletic has a potentially valuable sports-rights tailwind: The College Football Playoff is reportedly nearing an expansion to 24 teams in 2027 in a deal worth an additional $300 million annually. Although the article does not quantify NYT’s share of the economics, greater college sports media value could support The Athletic’s audience and subscription proposition. CFP closing in on expansion to 24 teams in 2027
• Neutral Sentiment: Broad editorial coverage continues: Stories on the federal deficit, midterm elections, Oregon gun laws and the White House demonstrate continued focus on high-interest news, but the articles provide no new information about NYT revenue, subscriber growth or costs. U.S. Budget Deficit Nears $2 Trillion
• Negative Sentiment: No clear near-term catalyst is evident: The news flow is dominated by individual articles rather than corporate developments. Without fresh guidance or a new subscription, advertising or sports-rights update, investors may remain focused on NYT’s relatively high valuation and its position below its longer-term moving average.

New York Times Trading Down 1.7%

NYSE NYT traded down $1.15 during trading on Friday, hitting $67.79. 1,869,075 shares of the company traded hands, compared to its average volume of 3,330,086. New York Times has a 12 month low of $55.69 and a 12 month high of $87.10. The business has a fifty day simple moving average of $66.41 and a 200 day simple moving average of $72.70. The company has a market capitalization of $10.93 billion, a P/E ratio of 28.24, a PEG ratio of 1.79 and a beta of 0.93.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $762.46 million during the quarter, compared to analysts’ expectations of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Equities research analysts predict that New York Times will post 2.83 EPS for the current fiscal year.

New York Times Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Wednesday, October 7th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $0.92 dividend on an annualized basis and a yield of 1.4%. New York Times’s dividend payout ratio (DPR) is presently 38.33%.

New York Times Company Profile

The New York Times Company is a media and information company best known for publishing The New York Times, a global news organization founded in 1851. The company produces journalism across national and international news, politics, business, culture, science, sports and opinion, distributing its content through digital platforms and the newspaper’s print edition.

In addition to its core news business, the company offers a range of subscription products and services, including NYT Cooking, Games, Audio and Wirecutter, a product-recommendation service.