Wright Investors Service Inc. Invests $580,000 in The New York Times Company $NYT

Wright Investors Service Inc. acquired a new position in shares of The New York Times Company (NYSE:NYT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,356 shares of the company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in New York Times during the first quarter worth about $442,000. Focus Partners Wealth raised its holdings in New York Times by 52.2% during the first quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock worth $577,000 after acquiring an additional 3,990 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after acquiring an additional 739 shares in the last quarter. Baird Financial Group Inc. bought a new stake in New York Times during the second quarter worth about $306,000. Finally, Cerity Partners LLC raised its holdings in New York Times by 70.2% during the second quarter. Cerity Partners LLC now owns 55,423 shares of the company’s stock worth $3,103,000 after acquiring an additional 22,853 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at New York Times

In other New York Times news, Chairman Arthur G. Sulzberger sold 13,000 shares of the company’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 value of $1,039,350.00. Following the sale, the chairman owned 172,338 shares in the company, valued at $13,778,423.10. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO R Anthony Benten sold 1,913 shares of the company’s 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 owned 37,772 shares in the company, valued at $2,778,886.04. This represents a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,913 shares of company stock worth $2,214,369 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Key Headlines Impacting New York Times

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

• Positive Sentiment: Breaking/conflict coverage likely lifting traffic — live updates and reporting on the new 10?day Lebanon cease?fire should drive strong reader engagement for news subscriptions and ad impressions. Live Updates: 10-Day Cease-Fire Goes Into Effect in Lebanon
• Positive Sentiment: In?depth international reporting on the Iran war and its regional effects is high?value, attracting subscriptions from readers seeking analysis — a potential near?term traffic and retention booster. Iran War Forces America’s Friends in Asia to Court Its Rivals
• Positive Sentiment: Major domestic political coverage (House extension of FISA authority) should also drive pageviews and engagement among subscription audiences. Political scoop/value supports NYT’s core subscription product. House Votes to Extend Expiring Law on Warrantless Surveillance for 10 Days
• Positive Sentiment: High?profile human?interest reporting (e.g., ICE arrest of an 85?year?old French widow) generates social attention and pageviews — more engagement that can translate into incremental subscriber signups. ICE Arrests 85-Year-Old French Widow Who Married Her G.I. Sweetheart
• Neutral Sentiment: Culture and lifestyle pieces (TV recap, arts/features, sports profiles) broaden audience reach but are less likely to move revenue materially day?to?day. ‘The Pitt’ Season 2 Finale Recap: Jagged Little Pills
• Neutral Sentiment: Sports features (Arsenal/Arteta) and long?form lifestyle essays sustain brand engagement but are unlikely to swing near?term financials. Fire, family and fun: How Mikel Arteta handles the pressure of a Premier League title race
• Negative Sentiment: Macro risk to ad revenue — reporting that the U.S. economy is shaky and that European airlines face fuel shortages (and possible travel disruptions) raises the risk advertisers pull or reduce spend, which could pressure NYT’s ad revenue line. European Airlines Face Fuel Shortages Within Weeks
• Negative Sentiment: Coverage noting a shaky domestic economy and political uncertainty could temper advertiser confidence and longer?term discretionary spend, a headwind for media companies reliant on ad revenue. White House Shrugs Off Shaky Economy as War Exceeds Trump’s Timeline

New York Times Stock Down 4.0%

NYSE:NYT opened at $77.83 on Friday. The stock’s 50 day moving average price is $79.36 and its two-hundred day moving average price is $69.72. The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 2.47 and a beta of 1.06. The New York Times Company has a 12-month low of $48.52 and a 12-month high of $87.10.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The firm had revenue of $802.31 million for the quarter, compared to analyst estimates of $791.55 million. New York Times had a return on equity of 20.73% and a net margin of 12.18%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. Equities research analysts expect that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st were paid a $0.23 dividend. This is a positive change from New York Times’s previous quarterly dividend of $0.18. This represents a $0.92 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, April 1st. New York Times’s dividend payout ratio is currently 44.02%.

Analysts Set New Price Targets

NYT has been the topic of several analyst reports. Morgan Stanley set a $68.00 target price on New York Times in a report on Thursday, December 18th. Evercore reiterated an “outperform” rating on shares of New York Times in a report on Thursday, February 5th. Barclays upped their target price on New York Times from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 20th. Wall Street Zen lowered New York Times from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Guggenheim set a $63.00 target price on New York Times and gave the stock a “neutral” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, New York Times currently has an average rating of “Moderate Buy” and an average price target of $70.86.

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.