Illinois Municipal Retirement Fund Has $11.74 Million Stock Holdings in The New York Times Company $NYT

Illinois Municipal Retirement Fund boosted its stake in The New York Times Company (NYSE:NYT) by 18.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,230 shares of the company’s stock after buying an additional 22,256 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in New York Times were worth $11,741,000 at the end of the most recent quarter.

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

Insider Activity

In other news, EVP William Bardeen sold 4,121 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total transaction of $320,819.85. Following the transaction, the executive vice president owned 14,560 shares of the company’s stock, valued at approximately $1,133,496. This represents a 22.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jacqueline M. Welch sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total value of $296,560.00. Following the completion of the transaction, the executive vice president directly owned 23,873 shares in the company, valued at $1,769,944.22. The trade was a 14.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 17,121 shares of company stock valued at $1,310,920. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

NYT has been the topic of a number of recent research reports. Barclays boosted their target price on New York Times from $60.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research note on Tuesday, April 21st. Citigroup reiterated a “neutral” rating on shares of New York Times in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $95.00 price target on shares of New York Times in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on New York Times from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, New York Times presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.22.

New York Times Trading Up 2.0%

NYT stock opened at $76.70 on Friday. The firm has a market cap of $12.41 billion, a PE ratio of 32.92, a PEG ratio of 1.56 and a beta of 0.96. The New York Times Company has a 1 year low of $51.03 and a 1 year high of $87.10. The company has a fifty day simple moving average of $74.26 and a 200 day simple moving average of $75.93.

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

New York Times Dividend Announcement

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

More New York Times News

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.

New York Times Company Profile

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.