First Trust Advisors LP Has $131.46 Million Stock Holdings in The New York Times Company $NYT

First Trust Advisors LP grew its holdings in The New York Times Company (NYSE:NYT) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,570,073 shares of the company’s stock after purchasing an additional 14,202 shares during the period. First Trust Advisors LP’s holdings in New York Times were worth $131,462,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Navalign LLC acquired a new stake in New York Times in the fourth quarter valued at about $25,000. Cornerstone Planning Group LLC grew its holdings 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 during the last quarter. International Assets Investment Management LLC bought a new stake in shares of New York Times during the 4th quarter valued at approximately $32,000. SOA Wealth Advisors LLC. acquired a new position in New York Times during the 4th quarter worth approximately $34,000. Finally, Larson Financial Group LLC increased its position in New York Times by 59.6% during the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 245 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

NYT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $95.00 target price on shares of New York Times in a research report on Thursday, May 7th. Zacks Research upgraded New York Times from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a report on Friday, July 17th. Guggenheim upped their price objective on New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Evercore reiterated an “outperform” rating and issued a $92.00 price objective on shares of New York Times in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.22.

Key New York Times News

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

• Positive Sentiment: The Times continued to publish widely read breaking-news and analysis content on major market-moving topics, which can support audience engagement and subscriber demand.
• Neutral Sentiment: Coverage ranged from politics and geopolitics to culture, sports, and lifestyle, adding to the paper’s content breadth but with no clear immediate financial impact.
• Negative Sentiment: A Reuters report said a U.S. judge will consider subpoenas issued to New York Times journalists over Trump-related reporting, creating a potential legal and reputational headwind for NYT. Article Title

Insider Buying and Selling at New York Times

In other news, EVP William Bardeen sold 4,121 shares of the business’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 transaction of $320,819.85. Following the completion of the sale, the executive vice president owned 14,560 shares in the company, valued at $1,133,496. The trade was a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jacqueline M. Welch sold 4,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $1,769,944.22. The trade was a 14.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 17,121 shares of company stock valued at $1,310,920. Corporate insiders own 1.90% of the company’s stock.

New York Times Stock Down 3.8%

NYT opened at $70.19 on Friday. The New York Times Company has a twelve month low of $51.03 and a twelve month high of $87.10. The company has a fifty day moving average of $73.91 and a 200-day moving average of $76.08. The stock has a market cap of $11.36 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.96.

New York Times (NYSE:NYT) last released its earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $712.24 million for the quarter, compared to analyst estimates of $699.93 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. New York Times’s revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that The New York Times Company will post 2.93 EPS for the current fiscal year.

New York Times Announces Dividend

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

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.