The New York Times Company (NYSE:NYT) Given Consensus Rating of “Moderate Buy” by Brokerages

The New York Times Company (NYSE:NYT) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $82.3333.

A number of research analysts recently commented on NYT shares. Zacks Research downgraded New York Times from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Morgan Stanley set a $90.00 target price on New York Times in a research note on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research report on Friday, July 17th. Barclays dropped their price target on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th.

Insider Activity at New York Times

In related news, EVP Jacqueline M. Welch sold 4,000 shares of New York Times 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 completion of the transaction, the executive vice president directly owned 23,873 shares in the company, valued at approximately $1,769,944.22. This trade represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Navalign LLC acquired a new stake in shares of New York Times during the 4th quarter valued at approximately $25,000. Basecamp Wealth Advisors LLC increased its stake in New York Times by 1,191.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock valued at $26,000 after purchasing an additional 286 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in New York Times by 74.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after purchasing an additional 190 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of New York Times during the fourth quarter worth $32,000. Finally, Larson Financial Group LLC raised its holdings in shares of New York Times by 59.6% during the third quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 245 shares during the period. Institutional investors own 95.37% of the company’s stock.

Trending Headlines about New York Times

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

• Positive Sentiment: Extensive breaking-news coverage of Iran, U.S. foreign policy, Ukraine, Canada-U.S. trade talks and the Trump administration could support reader engagement and subscription retention. Trump Threat Puts Focus on Iran’s Trading Partners
• Positive Sentiment: The breadth of coverage—from geopolitics and politics to technology, culture and sports—underscores the value of NYT’s diversified news and lifestyle offering, an important factor for maintaining its digital subscriber base. Where A.I. Is Creating Jobs for Humans — For a While
• Neutral Sentiment: Several high-profile articles, including coverage of Harry and Meghan, Hayden Panettiere’s death, and the Lindsay Clancy trial, may attract traffic but offer no clear direct effect on revenue or earnings. D.E.A. Joins Investigation Into Hayden Panettiere’s Death
• Neutral Sentiment: The company itself has not announced a new earnings update, acquisition, product launch or guidance change in the supplied articles. Consequently, the current weakness appears unlikely to be driven by this news list and may instead reflect valuation or market-wide trading.
• Negative Sentiment: ABC’s legal fight with the Federal Communications Commission highlights continuing regulatory and political risks for major media companies. The dispute does not target NYT directly, but heightened scrutiny of news organizations could weigh modestly on the broader media sector. ABC Sues F.C.C. to Block Threat to Its TV Licenses

New York Times Price Performance

New York Times stock opened at $65.46 on Friday. New York Times has a 12-month low of $54.10 and a 12-month high of $87.10. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. The firm’s fifty day moving average price is $71.44 and its 200 day moving average price is $75.70.

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

New York Times Announces Dividend

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