The New York Times Company (NYSE:NYT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The New York Times Company (NYSE:NYT) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $83.2222.

A number of equities analysts recently commented on NYT shares. Evercore restated an “outperform” rating and set a $92.00 target price on shares of New York Times in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $95.00 price target on shares of New York Times in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Citigroup restated a “neutral” rating on shares of New York Times in a report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of New York Times from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th.

New York Times News Roundup

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

• Positive Sentiment: High-traffic sports coverage, including World Cup live blogs and match recaps, may help lift audience engagement and page views for NYT. Kane saves England from huge World Cup upset against DR Congo: Live updates and reaction
• Positive Sentiment: Politics and Washington-focused reporting, including stories on the Supreme Court, Trump, Medicaid, and midterm politics, supports strong readership around breaking news topics. The Supreme Court Just Gave the G.O.P. a New Midterm Edge
• Positive Sentiment: Business and tech coverage, including the Anthropic story and the crypto-Trump article, can attract broad investor and consumer attention to the news platform. U.S. Lifts Restrictions on Anthropic’s Most Powerful A.I. Models
• Neutral Sentiment: Most of the newly published items are editorially important but not directly tied to NYT’s financial results, so their stock impact is likely indirect through traffic and engagement rather than fundamentals.

New York Times Stock Up 2.8%

NYSE:NYT opened at $71.94 on Thursday. New York Times has a 52 week low of $51.03 and a 52 week high of $87.10. The stock’s fifty day moving average is $75.53 and its two-hundred day moving average is $75.58. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 1.45 and a beta of 0.96.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $712.24 million during the quarter, compared to analysts’ expectations of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The company’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, sell-side analysts expect that New York Times will post 2.93 EPS for the current fiscal year.

New York Times Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.3%. New York Times’s dividend payout ratio is currently 39.48%.

Insider Activity

In related news, EVP William Bardeen sold 4,121 shares of New York Times stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the completion of the transaction, the executive vice president directly owned 14,560 shares in the company, valued at approximately $1,133,496. This trade represents a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jacqueline M. Welch sold 4,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total value of $296,560.00. Following the transaction, the executive vice president directly owned 23,873 shares of the company’s stock, valued at $1,769,944.22. The trade was a 14.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 17,121 shares of company stock worth $1,310,920. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On New York Times

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Wealth Management Advisory Group LLC raised its holdings in New York Times by 4.2% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,366 shares of the company’s stock valued at $282,000 after acquiring an additional 135 shares in the last quarter. Andina Capital Management LLC grew its holdings in New York Times by 1.7% during the 4th quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock worth $612,000 after acquiring an additional 147 shares in the last quarter. Jackson Thornton Wealth Management LLC increased its position in shares of New York Times by 3.5% in the 4th quarter. Jackson Thornton Wealth Management LLC now owns 4,355 shares of the company’s stock valued at $302,000 after purchasing an additional 148 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of New York Times by 34.4% in 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 in the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of New York Times by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 17,944 shares of the company’s stock valued at $1,246,000 after purchasing an additional 189 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

About New York Times

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.