The New York Times Company (NYSE:NYT) Given Average Rating of “Moderate Buy” by Analysts

The New York Times Company (NYSE:NYT) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $82.3333.

NYT has been the topic of a number of research reports. Wall Street Zen downgraded New York Times from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Evercore reaffirmed an “outperform” rating and set a $92.00 target price on shares of New York Times in a report on Thursday, May 7th. Barclays dropped their price target on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Morgan Stanley set a $90.00 price objective on shares of New York Times in a research report on Thursday, May 7th. Finally, Guggenheim lifted their price objective on shares of New York Times from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th.

Insider Activity at New York Times

In other news, EVP Jacqueline M. Welch sold 4,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total transaction of $296,560.00. Following the completion of the sale, the executive vice president owned 23,873 shares in the company, valued at approximately $1,769,944.22. This represents a 14.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On New York Times

Several hedge funds have recently modified their holdings of NYT. Navalign LLC purchased a new position in New York Times in the 4th quarter worth about $25,000. Basecamp Wealth Advisors LLC increased its position in shares of New York Times by 1,191.7% in 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 in the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of New York Times by 74.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of New York Times during the fourth quarter valued at approximately $32,000. Finally, Larson Financial Group LLC lifted its position in shares of New York Times by 59.6% in the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 245 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting New York Times

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

• Positive Sentiment: Extensive breaking-news coverage of Iran, U.S. foreign policy, Ukraine, Canada-U.S. trade talks and the Trump administration could support reader engagement and subscription retention. Trump Threat Puts Focus on Iran’s Trading Partners
• Positive Sentiment: The breadth of coverage—from geopolitics and politics to technology, culture and sports—underscores the value of NYT’s diversified news and lifestyle offering, an important factor for maintaining its digital subscriber base. Where A.I. Is Creating Jobs for Humans — For a While
• Neutral Sentiment: Several high-profile articles, including coverage of Harry and Meghan, Hayden Panettiere’s death, and the Lindsay Clancy trial, may attract traffic but offer no clear direct effect on revenue or earnings. D.E.A. Joins Investigation Into Hayden Panettiere’s Death
• Neutral Sentiment: The company itself has not announced a new earnings update, acquisition, product launch or guidance change in the supplied articles. Consequently, the current weakness appears unlikely to be driven by this news list and may instead reflect valuation or market-wide trading.
• Negative Sentiment: ABC’s legal fight with the Federal Communications Commission highlights continuing regulatory and political risks for major media companies. The dispute does not target NYT directly, but heightened scrutiny of news organizations could weigh modestly on the broader media sector. ABC Sues F.C.C. to Block Threat to Its TV Licenses

New York Times Trading Down 0.8%

Shares of NYSE:NYT opened at $65.46 on Friday. The firm’s 50 day moving average is $71.44 and its two-hundred day moving average is $75.70. The firm has a market capitalization of $10.56 billion, a P/E ratio of 27.27, a PEG ratio of 1.59 and a beta of 0.95. New York Times has a 52 week low of $54.10 and a 52 week high of $87.10.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The business had revenue of $762.46 million during the quarter, compared to analyst estimates of $752.01 million. During the same period in the prior year, the company posted $0.58 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts predict that New York Times will post 2.9 EPS for the current year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 8th were given a $0.23 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $0.92 annualized dividend and a yield of 1.4%. New York Times’s payout ratio is 38.33%.

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.