Brokerages Set The New York Times Company (NYSE:NYT) Target Price at $68.43

Shares of The New York Times Company (NYSE:NYT) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $70.8571.

Several brokerages have weighed in on NYT. Citigroup increased their target price on New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday. Argus raised shares of New York Times to a “strong-buy” rating in a report on Thursday, February 19th. Wall Street Zen lowered shares of New York Times from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Guggenheim set a $63.00 price objective on shares of New York Times and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th.

Insider Transactions at New York Times

In related news, Chairman Arthur G. Sulzberger sold 13,000 shares of the 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 transaction, the chairman directly 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 SEC, which is available through the SEC website. Also, CAO R Anthony Benten sold 1,913 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total value of $140,739.41. Following the completion of the transaction, the chief accounting officer directly owned 37,772 shares of the company’s stock, valued at $2,778,886.04. This trade represents a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 27,913 shares of company stock worth $2,214,369. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NYT. Navalign LLC acquired a new stake in New York Times in the fourth quarter worth about $25,000. Cornerstone Planning Group LLC increased its stake in New York Times by 74.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after buying an additional 190 shares during the period. International Assets Investment Management LLC acquired a new position in New York Times during the 4th quarter valued at about $32,000. SOA Wealth Advisors LLC. bought a new stake in shares of New York Times during the 4th quarter worth about $34,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of New York Times in the 2nd quarter worth approximately $28,000. Institutional investors own 95.37% of the company’s stock.

Key New York Times News

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

• Positive Sentiment: Citigroup analyst says NYT stock is expected to rise — a fresh sell-side endorsement that can boost investor sentiment and catalyze buying interest. New York Times (NYSE:NYT) Stock Price Expected to Rise, Citigroup Analyst Says
• Positive Sentiment: Zacks ranks NYT highly as a top growth stock, highlighting favorable style scores (growth) that may attract growth-oriented investors. New York Times Co. (NYT) is a Top-Ranked Growth Stock: Should You Buy?
• Positive Sentiment: Another Zacks piece spotlights NYT as a top momentum stock for the long term, reinforcing the narrative of sustained subscriber and revenue growth. Why New York Times Co. (NYT) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: High-profile NYT reporting (e.g., DOJ settlement coverage of Michael Flynn) can drive traffic and subscriptions — a long-term positive for recurring revenue, though timing and monetization are uncertain. Justice Dept. Settles Flynn’s Wrongful Prosecution Suit for $1.25 Million
• Neutral Sentiment: Business and international coverage (e.g., Asia pressured by oil/dollar dynamics; Gulf attacks) can lift engagement among paying readers but has an unclear immediate impact on ad/revenue trends. Asia Is Getting Crushed Between Oil Prices and the Dollar
• Neutral Sentiment: Routine content that drives steady engagement (crosswords, arts, sports) supports subscriber retention but is unlikely to move the stock by itself. Example: the daily crossword entry. Formal Agreement

New York Times Trading Down 2.6%

NYSE:NYT opened at $82.93 on Tuesday. The firm has a market capitalization of $13.37 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The stock has a 50 day moving average of $76.00 and a 200-day moving average of $67.16. New York Times has a 52 week low of $44.83 and a 52 week high of $85.61.

New York Times (NYSE:NYT) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) 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 the consensus estimate of $791.55 million. During the same quarter last year, the business posted $0.80 EPS. The business’s revenue was up 10.4% on a year-over-year basis. As a group, analysts predict that New York Times will post 2.08 EPS for the current fiscal year.

New York Times Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.23 per share. 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. The ex-dividend date of this dividend is Wednesday, April 1st. New York Times’s dividend payout ratio is presently 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.