Principal Financial Group Inc. Sells 8,065 Shares of The New York Times Company $NYT

Principal Financial Group Inc. lessened its holdings in The New York Times Company (NYSE:NYT) by 2.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 359,793 shares of the company’s stock after selling 8,065 shares during the period. Principal Financial Group Inc. owned 0.22% of New York Times worth $20,652,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Figure 8 Investment Strategies LLC raised its stake in New York Times by 1.7% during the 3rd quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock valued at $644,000 after purchasing an additional 185 shares during the period. MAI Capital Management grew its holdings in New York Times by 7.2% during the 2nd quarter. MAI Capital Management now owns 3,516 shares of the company’s stock valued at $197,000 after buying an additional 236 shares in the last quarter. ProShare Advisors LLC raised its position in shares of New York Times by 3.5% during the second quarter. ProShare Advisors LLC now owns 7,195 shares of the company’s stock valued at $403,000 after buying an additional 243 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of New York Times by 14.9% in the third quarter. Blue Trust Inc. now owns 2,032 shares of the company’s stock worth $117,000 after buying an additional 263 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of New York Times by 1.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,376 shares of the company’s stock worth $1,055,000 after buying an additional 318 shares in the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

New York Times Price Performance

Shares of NYSE NYT opened at $68.07 on Monday. The business’s 50 day moving average is $69.69 and its two-hundred day moving average is $62.35. The New York Times Company has a 1-year low of $44.83 and a 1-year high of $74.04. The stock has a market capitalization of $11.05 billion, a P/E ratio of 32.57, a PEG ratio of 2.10 and a beta of 1.11.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $802.31 million during the quarter, compared to analyst estimates of $791.55 million. New York Times had a return on equity of 21.02% and a net margin of 12.18%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS. As a group, equities research analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from New York Times’s previous quarterly dividend of $0.18. This represents a $0.92 annualized dividend and a yield of 1.4%. New York Times’s payout ratio is presently 34.45%.

New York Times News Roundup

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

• Positive Sentiment: Q4 earnings showed continued digital momentum: revenue rose ~10.4%, digital subscriptions, ARPU and advertising strength lifted results and free cash flow was reported at $550.5M — a key fundamental positive for recurring-revenue growth. The New York Times’ Q4 Earnings Beat Highlights Digital Momentum
• Positive Sentiment: The board raised the quarterly dividend to $0.23 (a ~27.8% increase versus prior), which boosts income appeal and signals management confidence in cash flow.
• Positive Sentiment: Evercore ISI raised its price target to $75 and kept an outperform rating — a vote of confidence that implies meaningful upside from current levels. New York Times (NYSE:NYT) Price Target Raised to $75.00 at Evercore ISI
• Positive Sentiment: J.P. Morgan raised its target to $74 and carries an overweight rating, adding institutional validation for the stock’s growth thesis. New York Times (NYSE:NYT) Price Target Raised to $74.00 at JPMorgan Chase & Co.
• Neutral Sentiment: Analyst/commentary pieces highlight NYT as a long-term growth stock based on digital subscription trends; helpful for sentiment but not an immediate catalyst. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: High-profile content (Olympics coverage and other major stories) can lift traffic and engagement intermittently, but the immediate stock effect is uncertain. Example Olympic coverage: USA women’s hockey / norovirus story. USA downs Czech Republic on Day 1 of Olympic women’s hockey headlined by norovirus outbreak
• Negative Sentiment: Despite the positive newsflow, shares are lower today — likely reflecting near-term profit-taking after recent gains, a relatively high P/E (~32.6) and limited immediate upside for traders who had already priced in the beat and analyst raises. Investors should watch upcoming subscription trends and guidance for confirmation of sustained digital growth.

Wall Street Analysts Forecast Growth

NYT has been the topic of a number of research reports. Citigroup reduced their price target on shares of New York Times from $81.00 to $77.00 and set a “buy” rating on the stock in a report on Thursday. Evercore ISI reaffirmed an “outperform” rating on shares of New York Times in a report on Thursday. Guggenheim set a $63.00 target price on New York Times and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group set a $62.00 price target on New York Times in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.43.

New York Times Company 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.