8,053 Shares in The New York Times Company $NYT Purchased by Globeflex Capital L P

Globeflex Capital L P bought a new stake in The New York Times Company (NYSE:NYT) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,053 shares of the company’s stock, valued at approximately $564,000.

Several other institutional investors have also recently bought and sold shares of NYT. Navalign LLC acquired a new position in New York Times during the 4th quarter worth approximately $25,000. Basecamp Wealth Advisors LLC raised its holdings in shares of New York Times by 1,191.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock valued at $26,000 after purchasing an additional 286 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of New York Times by 74.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock valued at $32,000 after purchasing an additional 190 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of New York Times in the fourth quarter worth $32,000. Finally, Larson Financial Group LLC lifted its position in shares of New York Times by 59.6% in the third quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

New York Times Trading Up 1.4%

NYSE NYT opened at $68.46 on Wednesday. The New York Times Company has a 12 month low of $54.10 and a 12 month high of $87.10. The stock has a 50 day moving average of $71.06 and a 200-day moving average of $75.61. The company has a market cap of $11.04 billion, a PE ratio of 28.52, a PEG ratio of 1.74 and a beta of 0.95.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. The firm had revenue of $762.46 million for the quarter, compared to analyst estimates of $752.01 million. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. As a group, sell-side analysts predict that The New York Times Company will post 2.84 EPS for the current fiscal year.

New York Times Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, July 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. New York Times’s payout ratio is currently 38.33%.

New York Times News Summary

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

• Positive Sentiment: Extensive reporting on U.S. foreign policy, Iran sanctions, trade tensions with Canada, and the Russia-Ukraine war reinforces NYT’s role as a premium source for high-interest global news. Such coverage can support traffic, subscriptions, and retention. U.S. Attempt to Strangle Iran’s Economy Depends on China’s Cooperation
• Positive Sentiment: The company’s broad political coverage—including Pennsylvania polling, Senate control, election runoffs, and Supreme Court voting developments—offers multiple opportunities for sustained news consumption during the election cycle. Poll Shows Shapiro With a Wide Lead in Pennsylvania
• Positive Sentiment: Investigations into football-related C.T.E. risks and autonomous A.I. attacks highlight NYT’s strength in explanatory and investigative journalism, potentially enhancing the perceived value of its subscription bundle. Study’s Alarming Finding: At Least 1 in 4 N.F.L. Players Gets Brain Disease

Analyst Ratings Changes

Several research analysts recently commented on NYT shares. Guggenheim increased their target price on shares of New York Times from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Citigroup reissued a “neutral” rating on shares of New York Times in a research report on Wednesday, June 24th. Morgan Stanley set a $90.00 price objective on shares of New York Times in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.33.

Insider Activity

In other news, EVP Jacqueline M. Welch sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $74.14, for a total value of $296,560.00. Following the sale, the executive vice president directly owned 23,873 shares of the company’s stock, valued at approximately $1,769,944.22. This represents a 14.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

New York Times 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.