New York Times (NYSE:NYT) Coverage Initiated by Analysts at Bank of America

Bank of America assumed coverage on shares of New York Times (NYSE:NYT) in a report issued on Wednesday, MarketBeat.com reports. The firm issued a neutral rating and a $84.00 price objective on the stock.

Several other research analysts have also recently weighed in on NYT. Evercore reissued an “outperform” rating on shares of New York Times in a research report on Thursday, February 5th. JPMorgan Chase & Co. boosted their price objective on New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Guggenheim set a $63.00 price objective on New York Times and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Argus raised New York Times to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.50.

New York Times Trading Down 1.5%

NYT stock opened at $80.39 on Wednesday. The stock’s fifty day simple moving average is $80.21 and its two-hundred day simple moving average is $70.49. New York Times has a 1-year low of $50.17 and a 1-year high of $87.10. The stock has a market cap of $12.96 billion, a P/E ratio of 38.47, a P/E/G ratio of 2.48 and a beta of 1.06.

New York Times (NYSE:NYT) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. New York Times had a return on equity of 20.73% and a net margin of 12.18%.The business had revenue of $802.31 million for the quarter, compared to analysts’ expectations of $791.55 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. As a group, analysts forecast that New York Times will post 2.79 earnings per share for the current fiscal year.

New York Times Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from New York Times’s previous quarterly dividend of $0.18. New York Times’s payout ratio is currently 44.02%.

Insider Activity

In other news, Chairman Arthur G. Sulzberger sold 13,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total transaction of $1,039,350.00. Following the transaction, the chairman owned 172,338 shares of the company’s stock, valued at $13,778,423.10. This represents a 7.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Bardeen sold 13,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.56, for a total value of $1,034,280.00. Following the transaction, the executive vice president directly owned 18,681 shares in the company, valued at $1,486,260.36. This represents a 41.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,913 shares of company stock valued at $2,214,369 in the last 90 days. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP lifted its holdings in New York Times by 233.4% during the 3rd quarter. Quantbot Technologies LP now owns 63,083 shares of the company’s stock worth $3,621,000 after purchasing an additional 44,161 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in New York Times by 28.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 142,642 shares of the company’s stock worth $8,188,000 after purchasing an additional 31,507 shares in the last quarter. Intech Investment Management LLC lifted its holdings in New York Times by 143.6% during the 3rd quarter. Intech Investment Management LLC now owns 232,445 shares of the company’s stock worth $13,342,000 after purchasing an additional 137,037 shares in the last quarter. Long Corridor Asset Management Ltd lifted its holdings in New York Times by 14.5% during the 3rd quarter. Long Corridor Asset Management Ltd now owns 157,500 shares of the company’s stock worth $9,040,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in New York Times by 35.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 94,722 shares of the company’s stock worth $5,428,000 after purchasing an additional 24,574 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

More New York Times News

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

• Positive Sentiment: Underlying digital strength and recent results support the stock: NYT reported accelerating digital revenue and beat Q results earlier this year, reinforcing the subscription-led model and steady cash flow profile. (Background: company quarterly results)
• Neutral Sentiment: Bank of America initiated coverage at Neutral with an $84 price target, saying NYT’s digital position justifies a premium but that the stock’s recent run leaves limited near-term upside; BofA explicitly cites potential AI-driven traffic disruption as a risk. Article Title Article Title
• Negative Sentiment: Reputation and editorial-risk headlines: The F.B.I. reportedly investigated a Times reporter after a story about a public official’s partner, raising concerns about legal exposure, newsroom distraction and potential advertiser sensitivity. This type of coverage can weigh on investor sentiment around governance and risk management. Article Title
• Negative Sentiment: Broader AI disruption risk: A NYT piece on Anthropic’s new A.I. model and global alarms underscores an uncertain regulatory and competitive landscape for publishers; Bank of America cited AI-related traffic disruption as a material risk that could pressure future growth or traffic monetization. Article Title

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.