The New York Times Company $NYT Stake Boosted by Alps Advisors Inc.

Alps Advisors Inc. raised its position in shares of The New York Times Company (NYSE:NYT) by 6.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 276,050 shares of the company’s stock after buying an additional 16,936 shares during the quarter. Alps Advisors Inc. owned 0.17% of New York Times worth $15,845,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Employees Retirement System of Texas purchased a new stake in shares of New York Times in the 2nd quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its holdings in shares of New York Times by 4,591.7% in the second quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock valued at $32,000 after purchasing an additional 551 shares in the last quarter. True Wealth Design LLC boosted its position in shares of New York Times by 519.6% in the second quarter. True Wealth Design LLC now owns 570 shares of the company’s stock worth $32,000 after buying an additional 478 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of New York Times by 86.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock worth $40,000 after buying an additional 330 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after buying an additional 739 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Key New York Times News

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 subject of several research analyst reports. Barclays increased their price objective on New York Times from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. Evercore boosted their price objective on shares of New York Times from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI reiterated an “outperform” rating on shares of New York Times in a research note on Thursday. Guggenheim set a $63.00 target price on shares of New York Times and gave the company a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.43.

New York Times Stock Performance

NYT opened at $68.07 on Monday. The business has a 50 day moving average price of $69.69 and a 200 day moving average price of $62.35. The firm has a market cap of $11.05 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The New York Times Company has a twelve month low of $44.83 and a twelve month high of $74.04.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The firm had revenue of $802.31 million for the quarter, compared to the consensus estimate of $791.55 million. New York Times had a net margin of 12.18% and a return on equity of 21.02%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be issued a $0.23 dividend. This is a boost from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.92 dividend on an annualized basis and a yield of 1.4%. New York Times’s payout ratio is currently 34.45%.

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.