Principal Financial Group Inc. Raises Holdings in The New York Times Company $NYT

Principal Financial Group Inc. grew its holdings in The New York Times Company (NYSE:NYT) by 3.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 360,566 shares of the company’s stock after buying an additional 13,160 shares during the quarter. Principal Financial Group Inc.’s holdings in New York Times were worth $30,190,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of New York Times by 28.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 94,748 shares of the company’s stock worth $6,565,000 after purchasing an additional 21,228 shares during the period. Genus Capital Management Inc. acquired a new stake in shares of New York Times in the fourth quarter valued at about $4,945,000. Horizon Investments LLC boosted its holdings in New York Times by 52.8% during the fourth quarter. Horizon Investments LLC now owns 97,772 shares of the company’s stock worth $6,770,000 after buying an additional 33,804 shares in the last quarter. UBS Group AG boosted its holdings in New York Times by 328.8% during the fourth quarter. UBS Group AG now owns 525,124 shares of the company’s stock worth $36,454,000 after buying an additional 402,660 shares in the last quarter. Finally, LGT Fund Management Co Ltd. grew its position in New York Times by 27.8% during the first quarter. LGT Fund Management Co Ltd. now owns 70,463 shares of the company’s stock worth $5,900,000 after buying an additional 15,321 shares during the period. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NYT has been the subject of a number of research reports. Morgan Stanley set a $90.00 price target on shares of New York Times in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $95.00 price target on shares of New York Times in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Wall Street Zen raised New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Barclays boosted their target price on New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, New York Times presently has a consensus rating of “Moderate Buy” and an average target price of $83.22.

New York Times News Summary

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

• Positive Sentiment: The New York Times was cited by Reuters in a major report that Meta is in talks for a potential $10 billion Anthropic compute deal, highlighting the publication’s continued influence on market-moving business coverage. Meta in talks for $10 billion Anthropic compute deal, NYT reports
• Positive Sentiment: The company filed motions to block Trump administration subpoenas to reporters, underscoring its willingness to defend journalists and the independence of its newsroom, which can support the brand with readers and subscribers. New York Times seeks to block subpoenas to reporters over Air Force One reporting
• Neutral Sentiment: The Times published a steady slate of major national, international, science, and culture stories over the past day, but most appear to be standard content flow rather than a clear new revenue catalyst.

Insider Activity at New York Times

In other New York Times 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Bardeen sold 4,121 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the transaction, the executive vice president directly owned 14,560 shares of the company’s stock, valued at $1,133,496. The trade was a 22.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 17,121 shares of company stock valued at $1,310,920. 1.90% of the stock is owned by corporate insiders.

New York Times Trading Down 0.0%

NYSE:NYT opened at $75.90 on Monday. The firm has a 50-day moving average price of $74.19 and a two-hundred day moving average price of $75.98. The New York Times Company has a twelve month low of $51.03 and a twelve month high of $87.10. The company has a market capitalization of $12.29 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 1.57 and a beta of 0.96.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.49 by $0.12. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The business had revenue of $712.24 million for the quarter, compared to analyst estimates of $699.93 million. During the same period in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts predict that The New York Times Company will post 2.93 earnings per share for the current year.

New York Times Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.92 dividend on an annualized basis and a yield of 1.2%. New York Times’s dividend payout ratio is presently 39.48%.

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.