M&T Bank Corp Has $1.28 Million Stock Position in The New York Times Company $NYT

M&T Bank Corp increased its position in The New York Times Company (NYSE:NYT) by 141.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,461 shares of the company’s stock after purchasing an additional 10,810 shares during the quarter. M&T Bank Corp’s holdings in New York Times were worth $1,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NYT. Wellington Management Group LLP grew its position in shares of New York Times by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 4,769,973 shares of the company’s stock worth $273,796,000 after buying an additional 209,616 shares during the period. AQR Capital Management LLC grew its position in shares of New York Times by 10.2% during the 3rd quarter. AQR Capital Management LLC now owns 4,613,289 shares of the company’s stock worth $264,803,000 after buying an additional 425,401 shares during the period. Two Sigma Investments LP grew its position in shares of New York Times by 98.5% during the 3rd quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock worth $117,993,000 after buying an additional 1,020,031 shares during the period. Capital Research Global Investors grew its position in shares of New York Times by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 1,692,846 shares of the company’s stock worth $97,169,000 after buying an additional 4,782 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of New York Times by 11.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,588,187 shares of the company’s stock worth $91,162,000 after buying an additional 164,928 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NYT has been the subject of several analyst reports. Citigroup boosted their target price on New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Guggenheim set a $63.00 target price on New York Times and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Evercore restated an “outperform” rating on shares of New York Times in a research report on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of New York Times in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their target price on New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, New York Times has an average rating of “Moderate Buy” and an average target price of $72.50.

Key Headlines Impacting New York Times

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

• Positive Sentiment: Zacks says NYT has the right setup for an earnings beat next week — analysts point to subscriber growth and advertising resilience as the main upside catalysts. New York Times Co. (NYT) Earnings Expected to Grow
• Positive Sentiment: Extensive live coverage of the Supreme Court’s voting-rights decision and related political fallout is likely boosting real-time traffic and subscription sign-ups; such high-engagement political events typically lift reader revenue. Live Updates: Supreme Court Further Weakens Voting Rights Act
• Positive Sentiment: Ongoing international coverage — including Iran/Strait of Hormuz developments and energy-market stories that are driving reader interest — supports subscription and ad demand for hard-news publishers. First Fully Loaded L.N.G. Tanker Since War Began Appears to Have Crossed the Strait
• Positive Sentiment: High-profile domestic coverage (Supreme Court abortion/donor records ruling, state visits, and major political trials) tends to produce spikes in subscriptions and engagement; recent pieces on the King Charles visit and Trump-related legal/political stories fall into this category. Supreme Court Sides With Anti-Abortion Clinic in Fight Over Donor Records
• Neutral Sentiment: Feature and sports coverage (Premier League, NBA playoffs, arts stories) sustain engagement but are less likely to move near-term revenue compared with major political/international events. Cole Palmer and Joao Pedro are Chelsea’s best two attackers
• Neutral Sentiment: Hard-news human-interest and overseas reporting (e.g., the Indonesia acid-attack piece) reinforces NYT’s brand and long-term subscriber value but has limited immediate impact on quarterly results. Acid Attack in Indonesia Evokes Brutality of Suharto Era
• Neutral Sentiment: Local/beat reporting (F.B.I. searches in Minneapolis, state politics) drives regional traffic but is unlikely to change national subscription trends materially. F.B.I. Searches Businesses Around Minneapolis as Part of Fraud Inquiry
• Negative Sentiment: One operational risk is heightened attention to safety and access after violent incidents involving press events; while not a direct financial hit, increased costs or restricted access could pressure reporting operations. Defendant in Press Gala Attack Charged With Attempting to Assassinate Trump

New York Times Price Performance

NYSE:NYT opened at $79.00 on Thursday. The New York Times Company has a fifty-two week low of $51.00 and a fifty-two week high of $87.10. The stock has a market capitalization of $12.74 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 2.14 and a beta of 1.06. The business’s 50-day simple moving average is $80.83 and its 200-day simple moving average is $71.34.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. New York Times had a return on equity of 20.73% and a net margin of 12.18%.The business had revenue of $802.31 million for the quarter, compared to analysts’ expectations of $791.55 million. During the same quarter in the previous year, the business posted $0.80 EPS. New York Times’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts expect that The New York Times Company will post 2.79 earnings per share for the current year.

New York Times Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.23 per share. This is a boost from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, April 1st. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. New York Times’s dividend payout ratio (DPR) is presently 44.02%.

Insider Activity

In other news, Chairman Arthur G. Sulzberger sold 13,000 shares of New York Times stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total transaction of $1,039,350.00. Following the transaction, the chairman owned 172,338 shares in the company, valued at $13,778,423.10. The trade was a 7.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William Bardeen sold 13,000 shares of New York Times stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $79.56, for a total value of $1,034,280.00. Following the transaction, the executive vice president owned 18,681 shares in the company, valued at $1,486,260.36. This trade represents a 41.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,913 shares of company stock worth $2,214,369 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

New York Times 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.