The New York Times Company (NYSE:NYT) Receives $83.22 Average PT from Brokerages

The New York Times Company (NYSE:NYT) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $83.2222.

NYT has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $95.00 price target on shares of New York Times in a report on Thursday, May 7th. Bank of America cut their price objective on shares of New York Times from $87.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 24th. UBS Group set a $80.00 price objective on shares of New York Times in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. raised their target price 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.

Insider Activity at New York Times

In related news, Director David S. Perpich sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $77.06, for a total transaction of $693,540.00. Following the sale, the director owned 28,469 shares of the company’s stock, valued at $2,193,821.14. The trade was a 24.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Bardeen sold 4,121 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 14,560 shares of the company’s stock, valued at $1,133,496. This trade represents a 22.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,121 shares of company stock worth $1,310,920 over the last quarter. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of New York Times

Several institutional investors have recently modified their holdings of NYT. Basecamp Wealth Advisors LLC grew its holdings in New York Times by 1,191.7% during the first 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. Navalign LLC acquired a new stake in New York Times in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its position in shares of New York Times by 74.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after purchasing an additional 190 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of New York Times during the 4th quarter valued at about $32,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of New York Times in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

New York Times Trading Down 0.7%

Shares of NYSE:NYT opened at $73.17 on Thursday. The firm’s 50 day moving average is $74.83 and its two-hundred day moving average is $75.76. The firm has a market capitalization of $11.84 billion, a P/E ratio of 31.40, a PEG ratio of 1.53 and a beta of 0.96. New York Times has a 52 week low of $51.03 and a 52 week high of $87.10.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm posted $0.41 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. Analysts predict that New York Times will post 2.93 EPS for the current year.

New York Times Announces Dividend

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 issued a $0.23 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. New York Times’s dividend payout ratio (DPR) is 39.48%.

Key New York Times News

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

• Positive Sentiment: The company’s top editor said New York Times video expansion is a “race against time,” highlighting a strategic push to grow digital audience engagement and adapt the newsroom for future revenue opportunities. Article Title
• Neutral Sentiment: The Times published a steady mix of high-interest politics, world news, business, and sports coverage, including major Trump/NATO, Iran, and global economy stories that can support readership and engagement, but do not signal a material financial catalyst on their own.
• Negative Sentiment: There were no fresh earnings, subscription, or advertising updates in the last day to offset broader market weakness, which may be weighing on shares despite continued heavy news production.

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.