The New York Times Company $NYT Stake Lifted by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its stake in shares of The New York Times Company (NYSE:NYT) by 49.2% during the first quarter, Holdings Channel.com reports. The fund owned 38,404 shares of the company’s stock after purchasing an additional 12,669 shares during the period. Lazard Asset Management LLC’s holdings in New York Times were worth $3,216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navalign LLC acquired a new stake in New York Times in the fourth quarter worth approximately $25,000. Cornerstone Planning Group LLC increased its position in shares of 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 purchasing an additional 190 shares during the period. International Assets Investment Management LLC bought a new stake in shares of New York Times in the 4th quarter worth $32,000. SOA Wealth Advisors LLC. bought a new stake in shares of New York Times in the 4th quarter worth $34,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of New York Times by 313.9% in the first quarter. SJS Investment Consulting Inc. now owns 567 shares of the company’s stock valued at $47,000 after buying an additional 430 shares during the period. Institutional investors own 95.37% of the company’s stock.

New York Times Stock Performance

Shares of NYSE:NYT opened at $74.91 on Friday. The New York Times Company has a one year low of $51.03 and a one year high of $87.10. The stock has a fifty day moving average of $73.86 and a 200-day moving average of $76.21. The company has a market capitalization of $12.12 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.12. The business had revenue of $712.24 million during the quarter, compared to analyst estimates of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The company’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. As a group, research analysts forecast that The New York Times Company will post 2.93 EPS for the current fiscal year.

New York Times Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $0.92 dividend on an annualized basis and a yield of 1.2%. New York Times’s dividend payout ratio (DPR) is currently 39.48%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research note on Friday, July 17th. Morgan Stanley set a $90.00 price target on shares of New York Times in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $95.00 price target on shares of New York Times in a report on Thursday, May 7th. Zacks Research upgraded shares of New York Times from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of New York Times in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.22.

Insider Buying and Selling

In other New York Times news, EVP Jacqueline M. Welch sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total transaction of $296,560.00. Following the sale, the executive vice president owned 23,873 shares in the company, valued at approximately $1,769,944.22. The trade was a 14.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David S. Perpich sold 9,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $77.06, for a total value of $693,540.00. Following the sale, the director owned 28,469 shares in the company, valued at approximately $2,193,821.14. The trade was a 24.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 17,121 shares of company stock valued at $1,310,920. 1.90% of the stock is owned by corporate insiders.

Key Headlines Impacting New York Times

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

• Positive Sentiment: NYT is publishing extensive coverage of high-interest events, including the expanding Iran conflict, Russia’s attacks on Ukraine, migration into Spain’s Ceuta territory, U.S. politics and artificial-intelligence risks. Such breaking-news and explanatory coverage can support traffic, subscriptions and engagement, although the articles do not disclose a measurable financial impact. Iran War Live Updates
• Neutral Sentiment: The company’s broad mix of politics, international affairs, science, culture and lifestyle journalism reinforces the value of its subscription bundle. However, the supplied articles contain no new subscriber, advertising or guidance figures, limiting their immediate importance for valuation.
• Neutral Sentiment: Coverage of rising artificial-intelligence spending and an possible venture-capital bubble highlights both the opportunity and uncertainty facing digital media companies. AI could improve products and efficiency, but it may also intensify competition for audience attention and increase technology costs. In Silicon Valley, Some Say an A.I. Bubble Would Be Just Fine
• Negative Sentiment: The report that the economy is slowing is a potential concern for advertising demand, even though NYT’s subscription-led model may reduce its exposure relative to traditional broadcasters and newspapers. The Economy Slows
• Negative Sentiment: ABC’s formal dispute with the F.C.C. over television-license reviews underscores heightened regulatory and political pressure on U.S. media companies. The issue does not directly involve NYT, but it may contribute to a more cautious media-sector trading environment. ABC Formally Rebukes F.C.C. for Review of TV Licenses

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.