Insider Selling: New York Times (NYSE:NYT) Chairman Sells $1,039,350.00 in Stock

The New York Times Company (NYSE:NYT) Chairman Arthur Sulzberger sold 13,000 shares of New York Times stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $1,039,350.00. Following the completion of the sale, the chairman owned 172,338 shares of the company’s stock, valued at approximately $13,778,423.10. The trade was a 7.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

New York Times Stock Performance

New York Times stock opened at $80.39 on Friday. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 38.46, a PEG ratio of 2.49 and a beta of 1.09. The New York Times Company has a 52-week low of $44.83 and a 52-week high of $82.74. The stock’s 50 day moving average price is $73.08 and its two-hundred day moving average price is $65.12.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. New York Times had a net margin of 12.18% and a return on equity of 20.73%. The company had revenue of $802.31 million during the quarter, compared to the consensus estimate of $791.55 million. During the same quarter last year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that The New York Times Company will post 2.08 EPS for the current 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 paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.1%. This is an increase from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, April 1st. New York Times’s payout ratio is presently 34.45%.

Key New York Times News

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

• Positive Sentiment: Breaking international coverage and live updates on attacks in Tehran/Beirut/Tel Aviv should drive heavy traffic and subscription interest for NYT’s digital platform, supporting revenue potential from subscriptions and ads. Live Updates: Tehran, Beirut and Tel Aviv Are Targeted in Attacks and Counterattacks
• Positive Sentiment: Jobs-report coverage and related business briefings attract business audiences (higher lifetime-value subscribers) and advertiser spend, a near-term revenue positive for a news subscription model. Live Updates: Strong Hiring Likely Continued Early This Year
• Positive Sentiment: The company recently increased its quarterly dividend (new quarterly payout noted by market coverage), which can appeal to income-focused investors and signal cash‑flow confidence. MarketBeat: NYT profile and dividend details
• Neutral Sentiment: Feature, sports and culture pieces (e.g., lifestyle stories around celebrity residencies and Athletic sports coverage) sustain daily engagement but are less likely to move near‑term investor sentiment materially. They Can’t Stay at Harry’s House, So They’ll Stay With Fellow Fans
• Negative Sentiment: Chairman Arthur G. Sulzberger sold 13,000 shares (about a 7% disclosed reduction) in early March — insider sales can create negative optics and increase selling pressure. SEC filing: Sulzberger sale
• Negative Sentiment: EVP William Bardeen sold 13,000 shares (~41% reduction of his disclosed holding) at ~ $79.56 — large, concentrated insider selling can amplify investor concern and weigh on the stock. SEC filing: Bardeen sale
• Negative Sentiment: Weak macro headlines and a broad market drop after the jobs report are pressuring media and growth stocks generally, contributing to NYT’s share weakness today. Stocks Drop as Weak Jobs Report Adds to Uncertain Outlook

Wall Street Analysts Forecast Growth

NYT has been the topic of a number of research analyst reports. Guggenheim set a $63.00 price objective on shares of New York Times and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Citigroup decreased their target price on New York Times from $81.00 to $77.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research note on Thursday, January 22nd. Barclays increased their price target on New York Times from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen downgraded New York Times from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.43.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of New York Times by 35.3% during the fourth quarter. AQR Capital Management LLC now owns 6,241,489 shares of the company’s stock worth $433,284,000 after acquiring an additional 1,628,200 shares in the last quarter. Wellington Management Group LLP lifted its position in New York Times by 9.3% in the 4th quarter. Wellington Management Group LLP now owns 5,211,824 shares of the company’s stock valued at $361,805,000 after acquiring an additional 441,851 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in New York Times during the 4th quarter valued at about $351,664,000. State Street Corp boosted its stake in New York Times by 2.4% during the 4th quarter. State Street Corp now owns 5,027,198 shares of the company’s stock valued at $348,988,000 after purchasing an additional 116,012 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in New York Times by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company’s stock worth $272,347,000 after purchasing an additional 50,389 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

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.