First Trust Advisors LP Has $88.94 Million Holdings in The New York Times Company $NYT

First Trust Advisors LP lifted its position in The New York Times Company (NYSE:NYT) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,549,547 shares of the company’s stock after buying an additional 50,301 shares during the quarter. First Trust Advisors LP’s holdings in New York Times were worth $88,944,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Empowered Funds LLC purchased a new position in New York Times during the 1st quarter worth approximately $442,000. Focus Partners Wealth lifted its holdings in shares of New York Times by 52.2% in the first quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock valued at $577,000 after purchasing an additional 3,990 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of New York Times by 690.7% in the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after buying an additional 739 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of New York Times by 7.8% in the second quarter. Envestnet Asset Management Inc. now owns 111,135 shares of the company’s stock worth $6,221,000 after buying an additional 8,076 shares during the period. Finally, Savant Capital LLC grew its holdings in shares of New York Times by 86.1% during the second quarter. Savant Capital LLC now owns 42,160 shares of the company’s stock valued at $2,360,000 after buying an additional 19,500 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

NYT has been the subject of several research analyst reports. Guggenheim set a $63.00 price objective on New York Times and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Wall Street Zen lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup decreased their price target on shares of New York Times from $81.00 to $77.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Argus raised shares of New York Times to a “strong-buy” rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, New York Times presently has a consensus rating of “Moderate Buy” and an average target price of $68.43.

Insider Activity at New York Times

In other New York Times news, CAO R Anthony Benten sold 1,913 shares of New York Times stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total value of $140,739.41. Following the completion of the sale, the chief accounting officer directly owned 37,772 shares in the company, valued at $2,778,886.04. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Arthur G. Sulzberger sold 13,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chairman directly owned 172,338 shares of the company’s stock, valued at $13,778,423.10. This represents a 7.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 27,913 shares of company stock valued at $2,214,369. 1.90% of the stock is currently owned by corporate insiders.

Trending Headlines about New York Times

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

• Positive Sentiment: Breaking international coverage — expansive live updates on the Iran war and oil?price shock are driving large, sustained traffic spikes that typically boost ad revenue and subscription signups. Live Updates: Oil Price Surge Rattles Markets; Iranians Appear Conflicted on Choice of Leader
• Positive Sentiment: Major geopolitical headline — coverage of Iran naming a new supreme leader is a high?engagement event that likely increases subscription conversion and retention among international and political news audiences. Live Updates: Iran Names Khamenei’s Son Supreme Leader
• Positive Sentiment: Viral video/reporting — visual footage of an apparent strike near a boys’ school and other on?the?ground video pieces increase social sharing and homepage dwell time, amplifying short?term ad yields and reader acquisition. Video Captures Apparent Strike Near Boys’ School in Iran
• Positive Sentiment: Editorial credibility story — a meta?piece on how The Times covers the war may reassure subscribers about journalistic standards and help retention during politically charged coverage. How The Times Reports on the War in Iran and Beyond
• Neutral Sentiment: Tech/legal coverage — reporting on Anthropic suing the Pentagon is topical and may draw tech readers, but it has an uncertain direct effect on The Times’ monetization. Anthropic Sues Pentagon Over ‘Supply Chain Risk’ Label
• Neutral Sentiment: Reader engagement and local coverage — audience features (e.g., planning a longer life) and local breaking news (Gracie Mansion incident) sustain loyal reader engagement but are incremental versus major breaking news. Tell Us About Your Plans for a Longer Life Gracie Mansion Attack Came Amid Chaos of Influencer’s Anti-Muslim Rally
• Negative Sentiment: Political sensitivity risk — investigative reporting touching partisan institutions (e.g., coverage around Voice of America and audits) can provoke political pushback or advertiser sensitivity in the short term, introducing reputational/regulatory noise. As Kari Lake Sought to Shutter Voice of America, Parent Agency Rebuffed Auditors

New York Times Trading Up 0.5%

NYT opened at $80.86 on Tuesday. The stock has a fifty day moving average price of $73.30 and a 200 day moving average price of $65.31. The New York Times Company has a 1 year low of $44.83 and a 1 year high of $82.74. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 2.49 and a beta of 1.09.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, topping 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 company had revenue of $802.31 million for the quarter, compared to analyst estimates of $791.55 million. During the same period in the prior year, the firm posted $0.80 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Wednesday, April 1st will be issued a $0.23 dividend. This is an increase from New York Times’s previous quarterly dividend of $0.18. This represents a $0.92 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, April 1st. New York Times’s dividend payout ratio is currently 34.45%.

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.