Hennion & Walsh Asset Management Inc. Purchases 18,438 Shares of The New York Times Company $NYT

Hennion & Walsh Asset Management Inc. raised its position in shares of The New York Times Company (NYSE:NYT) by 174.9% during the second quarter, HoldingsChannel reports. The fund owned 28,981 shares of the company’s stock after acquiring an additional 18,438 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in New York Times were worth $2,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NYT. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of New York Times by 4.2% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,366 shares of the company’s stock worth $282,000 after purchasing an additional 135 shares during the period. Andina Capital Management LLC raised its position in New York Times by 1.7% in the 4th quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock worth $612,000 after purchasing an additional 147 shares during the period. Bessemer Group Inc. raised its position in New York Times by 34.4% in the 1st quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock worth $58,000 after purchasing an additional 176 shares during the period. Brown Advisory Inc. lifted its stake in New York Times by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 17,944 shares of the company’s stock worth $1,246,000 after purchasing an additional 189 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in New York Times by 74.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Insider Transactions at New York Times

In related news, EVP Jacqueline M. Welch sold 4,000 shares of New York Times stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the transaction, the executive vice president directly owned 23,873 shares of the company’s stock, valued at $1,769,944.22. This trade represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by insiders.

Key New York Times News

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

• Positive Sentiment: The broad mix of breaking news, politics, international coverage, culture and sports may support reader engagement and digital subscriptions. High-interest coverage includes election results, the California wildfire, the Colombia earthquake, Iran and Ukraine, along with entertainment and athletic features. Results in Tonight’s Key Races Wildfire Forces Evacuations in Big Sur Ukrainian Drone Attack Deep Into Russia
• Positive Sentiment: Recurring lifestyle, entertainment and sports coverage—including Shania Twain, Hallmark, Saturday Night Live, tennis and the Mets—reinforces the breadth of NYT’s subscription offering and could help retention, though the articles provide no measurable subscriber or advertising data. How Shania Twain Won Over Gen Z A 2000s Tennis Takeover at the Canadian Open
• Neutral Sentiment: Most items are editorial features or news reports, including the Bayeux Tapestry, dating and unemployment, university grading, climate conditions in Pakistan, Lake Mead and San Francisco counterculture. They may generate traffic but do not constitute financial catalysts. The Bayeux Tapestry’s Long and Bumpy Road to London Lake Mead Is Smaller Than Ever
• Neutral Sentiment: Political and military coverage— including Iran, Hezbollah, Trump administration actions, vaccines and U.S. elections—may increase news consumption but also carries reputational and audience-polarization risk. There is no evidence in the supplied articles of an impact on NYT’s finances. Trump Signs Executive Order Calling for Fewer Childhood Vaccines The Places Where the Bombs Have Rarely Stopped Falling in Iran
• Negative Sentiment: No article reports weaker operating results, a subscription slowdown, litigation, leadership changes or reduced guidance for NYT. Consequently, the recent decrease in the shares is not explained by this news set; investors will likely focus instead on valuation, advertising trends, subscriber growth and the next earnings update.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NYT. Zacks Research cut New York Times from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Wall Street Zen lowered New York Times from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup restated a “neutral” rating on shares of New York Times in a report on Wednesday, June 24th. Barclays cut their price objective on 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. Finally, Morgan Stanley set a $90.00 target price on New York Times in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, New York Times has a consensus rating of “Moderate Buy” and an average price target of $82.89.

New York Times Price Performance

NYT stock opened at $63.71 on Wednesday. The New York Times Company has a 1-year low of $54.10 and a 1-year high of $87.10. The business has a 50-day moving average price of $72.80 and a 200 day moving average price of $76.07. The company has a market capitalization of $10.31 billion, a P/E ratio of 26.55, a PEG ratio of 1.45 and a beta of 0.95.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. The company had revenue of $762.46 million for the quarter, compared to analysts’ expectations of $752.01 million. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 EPS. On average, analysts anticipate that The New York Times Company will post 2.9 earnings per share for the current fiscal year.

New York Times Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, July 8th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.4%. New York Times’s dividend payout ratio (DPR) is currently 38.33%.

About New York Times

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.