The New York Times Company $NYT Stock Holdings Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of The New York Times Company (NYSE:NYTFree Report) by 1,345.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,837 shares of the company’s stock after acquiring an additional 54,767 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in New York Times were worth $4,084,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Navalign LLC bought a new stake in New York Times during the 4th quarter valued at $25,000. Cornerstone Planning Group LLC raised its stake in 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 acquiring an additional 190 shares in the last quarter. International Assets Investment Management LLC bought a new stake in New York Times during the 4th quarter valued at $32,000. SOA Wealth Advisors LLC. bought a new stake in New York Times during the 4th quarter valued at $34,000. Finally, Grove Bank & Trust bought a new stake in New York Times during the 4th quarter valued at $42,000. Institutional investors own 95.37% of the company’s stock.

New York Times Stock Down 0.0%

Shares of NYSE NYT opened at $74.93 on Monday. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.57 and a beta of 0.98. The stock’s fifty day simple moving average is $80.29 and its 200 day simple moving average is $73.64. The New York Times Company has a 52-week low of $51.03 and a 52-week high of $87.10.

New York Times (NYSE:NYTGet Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. As a group, analysts anticipate that The New York Times Company will post 2.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America assumed coverage on New York Times in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $84.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Citigroup lifted their price target on New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Guggenheim lifted their price target on New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $95.00 price target on shares of New York Times in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, New York Times currently has a consensus rating of “Moderate Buy” and an average price target of $80.78.

Check Out Our Latest Stock Analysis on NYT

Key Stories Impacting New York Times

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

Insider Buying and Selling

In related news, Chairman Arthur G. Sulzberger sold 13,000 shares of New York Times stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $1,039,350.00. Following the transaction, the chairman directly owned 172,338 shares in the company, valued at $13,778,423.10. The trade was a 7.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David S. Perpich sold 9,000 shares of New York Times stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.06, for a total value of $693,540.00. Following the completion of the transaction, the director owned 28,469 shares in the company, valued at $2,193,821.14. The trade was a 24.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,121 shares of company stock worth $3,087,990 in the last three months. 1.90% of the stock is currently owned by insiders.

About New York Times

(Free Report)

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.

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Institutional Ownership by Quarter for New York Times (NYSE:NYT)

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