15,172 Shares in The New York Times Company $NYT Purchased by Nwam LLC

Nwam LLC acquired a new stake in The New York Times Company (NYSE:NYT) in the first quarter, HoldingsChannel.com reports. The fund acquired 15,172 shares of the company’s stock, valued at approximately $1,270,000.

Several other institutional investors and hedge funds have also made changes to their positions in NYT. AQR Capital Management LLC increased its holdings in shares of New York Times by 35.3% in the fourth quarter. AQR Capital Management LLC now owns 6,241,489 shares of the company’s stock valued at $433,284,000 after purchasing an additional 1,628,200 shares during the last quarter. Wellington Management Group LLP grew its holdings in New York Times by 9.3% in the 4th quarter. Wellington Management Group LLP now owns 5,211,824 shares of the company’s stock valued at $361,805,000 after buying an additional 441,851 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in shares of New York Times in the 4th quarter worth $351,664,000. State Street Corp raised its holdings in shares of New York Times by 2.4% during the 4th quarter. State Street Corp now owns 5,027,198 shares of the company’s stock worth $348,988,000 after acquiring an additional 116,012 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of New York Times by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company’s stock valued at $272,347,000 after acquiring an additional 50,389 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Price Performance

Shares of NYSE NYT opened at $76.70 on Friday. The company has a market cap of $12.41 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 1.56 and a beta of 0.96. The stock’s 50-day moving average is $74.26 and its two-hundred day moving average is $75.93. The New York Times Company has a 1-year low of $51.03 and a 1-year high of $87.10.

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

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, July 8th. New York Times’s dividend payout ratio is 39.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NYT. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $95.00 price objective on shares of New York Times in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley set a $90.00 target price on New York Times in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, New York Times currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.22.

New York Times News Roundup

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

• Positive Sentiment: Zacks Research upgraded The New York Times Company (NYSE: NYT) from hold to strong-buy, a bullish signal that may be supporting the stock. Tickerreport.com report on Zacks upgrade
• Neutral Sentiment: The company’s newsroom continued to generate high-profile political and geopolitical coverage, including reporting on U.S.-Iran tensions, ICE, Ukraine, and domestic weather disasters, which reinforces NYT’s role as a major breaking-news publisher. Trump Pressures ICE to Resume Traffic Stops After Agency Pulls Back
• Neutral Sentiment: Reuters reported that NYT filed to block federal subpoenas related to reporters’ coverage of security concerns around Trump’s Qatari-donated Air Force One, highlighting legal and press-freedom issues but not an obvious business driver. Reuters: New York Times seeks to block subpoenas to reporters over Air Force One reporting
• Neutral Sentiment: Other NYT headlines over the past day were largely editorial, science, and world-news pieces, such as wildfire smoke, flood coverage, and a new cholesterol drug approval, which are important for readership but less likely to move the stock on their own.

Insider Transactions at New York Times

In other news, EVP William Bardeen sold 4,121 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were 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 owned 14,560 shares in the company, valued at approximately $1,133,496. This represents a 22.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jacqueline M. Welch sold 4,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the completion of the sale, the executive vice president directly owned 23,873 shares of the company’s stock, valued at approximately $1,769,944.22. This trade represents a 14.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 17,121 shares of company stock worth $1,310,920. 1.90% of the stock is currently owned by insiders.

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.