Boston Trust Walden Corp Has $62.31 Million Holdings in The New York Times Company $NYT

Boston Trust Walden Corp cut its holdings in shares of The New York Times Company (NYSE:NYT) by 25.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 744,238 shares of the company’s stock after selling 253,242 shares during the period. Boston Trust Walden Corp’s holdings in New York Times were worth $62,315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Navalign LLC acquired a new position in New York Times in the fourth quarter worth $25,000. Cornerstone Planning Group LLC increased its stake in shares of New York Times by 74.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after buying an additional 190 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of New York Times in the fourth quarter valued at $32,000. SOA Wealth Advisors LLC. acquired a new stake in shares of New York Times in the fourth quarter valued at $34,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of New York Times by 313.9% in the first quarter. SJS Investment Consulting Inc. now owns 567 shares of the company’s stock valued at $47,000 after buying an additional 430 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NYT. Bank of America reduced their price target on shares of New York Times from $87.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 24th. Evercore reiterated an “outperform” rating and set a $92.00 target price on shares of New York Times in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $95.00 price target on shares of New York Times in a research note on Thursday, May 7th. Citigroup reissued a “neutral” rating on shares of New York Times in a report on Wednesday, June 24th. Finally, Barclays upped their price objective on New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.22.

More New York Times News

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

• Positive Sentiment: Zacks highlighted NYT as one of four “safe picks” as consumer confidence improved but inflation, labor worries, and interest-rate concerns kept investors focused on defensive names. That kind of mention can boost demand for the stock as a relatively resilient media company. Article Title
• Neutral Sentiment: The New York Times published a steady stream of high-interest coverage, including major breaking-news live blogs on the heat wave, Ukraine, and politics, which supports traffic and engagement but is not a direct earnings catalyst. Article Title
• Neutral Sentiment: Additional reporting across politics, science, travel, and culture adds breadth to the paper’s content slate, but these stories are unlikely to move the stock on their own unless they translate into stronger readership, subscriptions, or ad sales. Article Title

New York Times Price Performance

Shares of NYSE:NYT opened at $73.87 on Friday. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 1.49 and a beta of 0.96. The company has a 50 day moving average of $75.38 and a 200-day moving average of $75.62. The New York Times Company has a one year low of $51.03 and a one year high of $87.10.

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

New York Times Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, July 8th. New York Times’s dividend payout ratio (DPR) is currently 39.48%.

Insider Buying and Selling

In other New York Times news, EVP Jacqueline M. Welch sold 4,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total value of $296,560.00. Following the transaction, the executive vice president owned 23,873 shares of the company’s stock, valued at approximately $1,769,944.22. This represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William Bardeen sold 4,121 shares of the firm’s stock in a transaction dated 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 owned 14,560 shares in the company, valued at approximately $1,133,496. This trade represents a 22.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,121 shares of company stock valued at $1,310,920 over the last three months. Company insiders own 1.90% of the company’s stock.

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.