Lebenthal Global Advisors LLC Acquires 8,135 Shares of The New York Times Company $NYT

Lebenthal Global Advisors LLC grew its holdings in The New York Times Company (NYSE:NYT) by 55.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,821 shares of the company’s stock after buying an additional 8,135 shares during the period. Lebenthal Global Advisors LLC’s holdings in New York Times were worth $1,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Basecamp Wealth Advisors LLC boosted its stake in shares of New York Times by 1,191.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock worth $26,000 after acquiring an additional 286 shares during the period. Root Financial Partners LLC bought a new stake in New York Times in the 3rd quarter valued at $41,000. Bessemer Group Inc. lifted its holdings in New York Times by 34.4% during the 1st quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock valued at $58,000 after purchasing an additional 176 shares during the last quarter. Compass Wealth Management LLC acquired a new stake in New York Times during the 3rd quarter valued at $59,000. Finally, Steph & Co. acquired a new stake in New York Times during the 3rd quarter valued at $68,000. 95.37% of the stock is currently owned by institutional investors.

New York Times News Roundup

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

• Positive Sentiment: U.S. economic growth was supported by consumer spending and artificial-intelligence investment, a constructive backdrop for advertising demand and consumer subscriptions. Consumers and A.I. Spending Push U.S. Economic Growth Higher
• Positive Sentiment: The Times continues to publish a broad mix of high-interest coverage, including entertainment, technology, science, politics, sports and international news. This breadth can support reader engagement, subscription retention and digital advertising monetization. Recent examples include coverage of Keira Knightley’s “Black Doves” and the global artificial-intelligence boom. Keira Knightley Knows What Spying Feels Like How One Country Became the Unlikely Crossroads of the Global A.I. Boom
• Neutral Sentiment: Coverage of falling technology stocks highlights ongoing volatility in AI-related equities. While NYT is not directly exposed like a technology hardware company, weaker tech markets could influence advertising budgets and investor risk appetite. Tech Stocks Tumble, but Broader Market Is Holding On
• Neutral Sentiment: Several political, international and public-safety stories—including election investigations, geopolitical tensions and the Haiti election delay—reinforce the value of NYT’s news franchise but have no immediate, measurable effect on revenue. Amid Unrelenting Violence, Haiti Puts Off Its Long-Awaited Elections

Wall Street Analyst Weigh In

A number of equities analysts have commented on NYT shares. Weiss Ratings raised shares of New York Times from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Zacks Research lowered shares of New York Times from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. UBS Group set a $82.00 target price on shares of New York Times in a research note on Tuesday, September 15th. Morgan Stanley cut their target price on shares of New York Times from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Sunday, October 11th. Finally, Barclays reduced their target price on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. One 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.70.

New York Times Stock Performance

NYT opened at $70.20 on Friday. The firm has a market cap of $11.32 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.80 and a beta of 0.93. The New York Times Company has a 52-week low of $56.48 and a 52-week high of $87.10. The business’s fifty day moving average is $67.30 and its 200-day moving average is $73.34.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $762.46 million during the quarter, compared to the consensus estimate of $752.01 million. New York Times had a return on equity of 22.64% and a net margin of 13.19%. 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 firm earned $0.58 earnings per share. On average, research analysts predict that The New York Times Company will post 2.83 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 7th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, October 7th. New York Times’s dividend payout ratio is presently 38.33%.

New York Times Profile

The New York Times Company (NYSE: NYT) is a media and technology company best known for publishing The New York Times, a daily newspaper founded in 1851 by Henry Jarvis Raymond and George Jones. The company produces journalism across national and international news, business, politics, culture, science, sports and other topics through print and digital platforms.

In addition to its core news operation, the company offers a range of subscription products and digital services, including NYT Cooking, Games, Audio and The Athletic, a subscription-based sports media platform.