17,192 The New York Times Company $NYT Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its holdings in The New York Times Company (NYSE:NYT) by 53.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,217 shares of the company’s stock after selling 17,192 shares during the period. Douglas Lane & Associates LLC’s holdings in New York Times were worth $969,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new stake in New York Times during the second quarter valued at about $2,565,000. Resona Asset Management Co. Ltd. acquired a new position in shares of New York Times during the first quarter worth about $1,752,000. Engineers Gate Manager LP grew its stake in shares of New York Times by 832.5% in the second quarter. Engineers Gate Manager LP now owns 50,791 shares of the company’s stock valued at $3,554,000 after buying an additional 45,344 shares in the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of New York Times during the 4th quarter valued at about $351,664,000. Finally, Giverny Capital Inc. acquired a new stake in New York Times in the second quarter valued at approximately $33,900,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

New York Times Trading Down 0.3%

Shares of NYT stock opened at $66.41 on Friday. The stock’s fifty day simple moving average is $66.58 and its 200-day simple moving average is $73.27. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.72 and a beta of 0.93. The New York Times Company has a 1-year low of $54.10 and a 1-year high of $87.10.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $762.46 million for the quarter, compared to the consensus estimate of $752.01 million. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 earnings per share. On average, sell-side analysts predict that The New York Times Company will post 2.84 EPS for the current year.

New York Times Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of New York Times from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Barclays reduced their target price on New York Times from $66.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, August 6th. Zacks Research downgraded shares of New York Times from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Guggenheim raised shares of New York Times from a “neutral” rating to a “buy” rating and boosted their target price for the company from $70.00 to $82.00 in a research note on Tuesday, September 15th. Finally, Wall Street Zen lowered New York Times from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, New York Times currently has an average rating of “Moderate Buy” and an average price target of $84.20.

New York Times News Roundup

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

• Positive Sentiment: The Athletic continues to provide a broad stream of premium sports content. Coverage includes Manchester City’s financial-scandal fallout, NFL and NBA features, MLB playoff analysis, college football, Formula 1 and WNBA updates. The volume and variety may support engagement, subscriptions and the strategic value of NYT’s sports offering. Manchester City’s case is another bill fans never agreed to pay
• Positive Sentiment: Breaking-news and live coverage reinforce the breadth of the NYT platform. Reports on the Riyadh airport attack, the Nobel Peace Prize and France’s protests demonstrate continued global-news reach, which can help attract and retain paying digital readers. Houthi Attacks on Riyadh Airport Leave 3 Dead, Saudi Arabia Says
• Neutral Sentiment: Most of the remaining articles are regular editorial output rather than investor catalysts. Culture, lifestyle, music, movie reviews, politics, health, international affairs and sports stories may influence readership over time, but they provide no disclosed update on NYT revenue, costs, subscribers or guidance. The Social Reckoning Review: Sounding the Alarm
• Negative Sentiment: The absence of a fresh financial catalyst leaves valuation and technical pressure in focus. With no new earnings announcement or company guidance in these reports, investors may continue weighing NYT’s valuation against slowing market momentum, helping explain why the shares have been trading below their longer-term average. NLCS predictions: Will the Dodgers-Brewers rematch have a different outcome?

New York Times 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.