New York Times (NYSE:NYT) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of New York Times (NYSE:NYT) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other analysts have also recently weighed in on NYT. Argus upgraded shares of New York Times to a “strong-buy” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. boosted their price objective 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, February 5th. Barclays increased their target price on shares of New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. 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, February 4th. Finally, Citigroup reduced their price target on New York Times from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, New York Times currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.43.

New York Times Price Performance

Shares of NYSE NYT opened at $80.39 on Friday. The stock has a market capitalization of $13.05 billion, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09. New York Times has a 1-year low of $44.83 and a 1-year high of $82.74. The business has a fifty day moving average price of $73.08 and a 200 day moving average price of $65.12.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $802.31 million for the quarter, compared to the consensus estimate of $791.55 million. New York Times had a return on equity of 20.73% and a net margin of 12.18%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. As a group, equities research analysts anticipate that New York Times will post 2.08 earnings per share for the current fiscal year.

New York Times Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.1%. This is an increase from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, April 1st. New York Times’s dividend payout ratio is currently 34.45%.

Insider Activity at New York Times

In related news, Chairman Arthur G. Sulzberger sold 13,000 shares of New York Times stock in a transaction that occurred on Tuesday, March 3rd. The shares were 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 directly owned 172,338 shares in the company, valued at $13,778,423.10. This trade represents a 7.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO R Anthony Benten sold 1,913 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total transaction of $140,739.41. Following the sale, the chief accounting officer directly owned 37,772 shares in the company, valued at approximately $2,778,886.04. This represents a 4.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,913 shares of company stock valued at $2,214,369 in the last three months. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On New York Times

A number of large investors have recently made changes to their positions in the stock. Andina Capital Management LLC raised its stake in New York Times by 1.7% in the 4th quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock worth $612,000 after acquiring an additional 147 shares during the last quarter. Jackson Thornton Wealth Management LLC lifted its position in New York Times by 3.5% during the 4th quarter. Jackson Thornton Wealth Management LLC now owns 4,355 shares of the company’s stock worth $302,000 after acquiring an additional 148 shares during the period. Figure 8 Investment Strategies LLC grew its stake in New York Times by 1.7% during the 3rd quarter. Figure 8 Investment Strategies LLC now owns 11,226 shares of the company’s stock valued at $644,000 after purchasing an additional 185 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of New York Times by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 17,944 shares of the company’s stock valued at $1,246,000 after purchasing an additional 189 shares during the period. Finally, Cornerstone Planning Group LLC increased 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 period. 95.37% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting New York Times

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

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.