Harel Insurance Investments & Financial Services Ltd. Has $9.42 Million Stock Holdings in The New York Times Company $NYT

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of The New York Times Company (NYSE:NYT) by 40.2% during the 1st quarter, Holdings Channel reports. The firm owned 112,499 shares of the company’s stock after purchasing an additional 32,239 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in New York Times were worth $9,420,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Empowered Funds LLC acquired a new position in New York Times in the first quarter valued at approximately $442,000. Focus Partners Wealth grew its position in shares of New York Times by 52.2% during the 1st quarter. Focus Partners Wealth now owns 11,640 shares of the company’s stock worth $577,000 after buying an additional 3,990 shares during the period. Geneos Wealth Management Inc. grew its position in shares of New York Times by 690.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after buying an additional 739 shares during the period. Baird Financial Group Inc. bought a new stake in shares of New York Times in the 2nd quarter valued at $306,000. Finally, Cerity Partners LLC increased its stake in shares of New York Times by 70.2% in the 2nd quarter. Cerity Partners LLC now owns 55,423 shares of the company’s stock valued at $3,103,000 after acquiring an additional 22,853 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at New York Times

In related news, EVP William Bardeen sold 4,121 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $77.85, for a total transaction of $320,819.85. Following the sale, the executive vice president directly owned 14,560 shares in the company, valued at approximately $1,133,496. This represents a 22.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David S. Perpich sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $77.06, for a total transaction of $693,540.00. Following the completion of the transaction, the director directly owned 28,469 shares of the company’s stock, valued at approximately $2,193,821.14. This trade represents 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 a total of 17,121 shares of company stock worth $1,310,920 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

New York Times News Roundup

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

• Positive Sentiment: Zacks Research upgraded The New York Times Company (NYSE: NYT) from hold to strong-buy, a bullish signal that can boost sentiment around the stock and reflects confidence in the company’s outlook. Tickerreport.com report on Zacks upgrade
• Positive Sentiment: The company continues to publish high-profile, reader-driving coverage on major political and legal developments, including the Air Force One subpoena fight and multiple Trump-related stories, which may support audience engagement and subscription demand. Reuters article on subpoenas to NYT reporters
• Neutral Sentiment: Recent lifestyle, science, sports, and culture pieces, including climate-health and World Cup coverage, add to the Times’ content mix but are less likely to move the stock on their own.

New York Times Price Performance

NYSE NYT opened at $75.23 on Thursday. The New York Times Company has a 1 year low of $51.03 and a 1 year high of $87.10. The company has a fifty day moving average price of $74.34 and a 200-day moving average price of $75.89. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 1.51 and a beta of 0.96.

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

New York Times Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on NYT. Citigroup reissued a “neutral” rating on shares of New York Times in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their target price 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. Evercore reaffirmed an “outperform” rating and issued a $92.00 target price on shares of New York Times in a research report on Thursday, May 7th. Barclays increased their price target 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. Finally, UBS Group set a $80.00 price objective on New York Times in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $83.22.

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.