Wedge Capital Management L L P NC Acquires 33,552 Shares of The New York Times Company $NYT

Wedge Capital Management L L P NC boosted its holdings in shares of The New York Times Company (NYSE:NYT) by 7.5% in the second quarter, Holdings Channel reports. The firm owned 478,416 shares of the company’s stock after purchasing an additional 33,552 shares during the quarter. Wedge Capital Management L L P NC’s holdings in New York Times were worth $33,480,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of New York Times by 4.2% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,366 shares of the company’s stock valued at $282,000 after purchasing an additional 135 shares during the period. Andina Capital Management LLC lifted its position in shares of New York Times by 1.7% during the 4th quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock worth $612,000 after buying an additional 147 shares during the period. Bessemer Group Inc. lifted its position in shares of New York Times by 34.4% during the 1st quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock worth $58,000 after buying an additional 176 shares during the period. Brown Advisory Inc. boosted its stake in New York Times by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 17,944 shares of the company’s stock valued at $1,246,000 after buying an additional 189 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in New York Times by 74.2% in 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 in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NYT shares. Weiss Ratings reiterated a “buy (b)” rating on shares of New York Times in a research note on Friday, July 17th. UBS Group set a $80.00 target price on shares of New York Times in a research note on Wednesday, June 24th. Evercore reaffirmed an “outperform” rating and issued a $92.00 target price on shares of New York Times in a report on Thursday, May 7th. Barclays dropped their target price on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Finally, Morgan Stanley set a $90.00 price target on shares of New York Times in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, New York Times has a consensus rating of “Moderate Buy” and an average target price of $82.89.

Insiders Place Their Bets

In other New York Times news, EVP Jacqueline M. Welch sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total transaction of $296,560.00. Following the transaction, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

New York Times Stock Down 1.7%

Shares of NYSE:NYT opened at $63.71 on Wednesday. The firm has a market cap of $10.31 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.45 and a beta of 0.95. The New York Times Company has a 12 month low of $54.10 and a 12 month high of $87.10. The company’s 50-day moving average price is $72.80 and its two-hundred day moving average price is $76.07.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The company had revenue of $762.46 million during the quarter, compared to the consensus estimate of $752.01 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. As a group, equities analysts predict that The New York Times Company will post 2.9 earnings per share for the current fiscal year.

New York Times Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, July 8th. New York Times’s payout ratio is 38.33%.

Key New York Times News

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

• Positive Sentiment: High-profile breaking news and live political coverage—including developments involving Iran, President Trump, NATO and U.S. elections—could drive traffic and repeat visits to NYTimes.com. Trump news live updates Election live updates Election results
• Positive Sentiment: Celebrity, lifestyle and culture coverage broadens the company’s appeal beyond hard news, including Cristiano Ronaldo’s marriage, egg freezing, dating economics, music manuscripts, the Bayeux Tapestry and “Saturday Night Live” at the Edinburgh Fringe. These features can support engagement across the Times’ expanding lifestyle and culture offerings. Cristiano Ronaldo marriage Egg freezing and AOC
• Neutral Sentiment: International reporting covers Syria, Iran, Ukraine, Colombia and California wildfires, while other stories address vaccines, college grading and political disputes. The breadth reinforces NYT’s news value but has no immediate, quantifiable effect on revenue or earnings. Syria holdout province Ukraine drone attack Colombia earthquake
• Neutral Sentiment: Political investigations and opinion-related coverage—such as allegations involving Max Miller, Muslim voters, New York politics and a North Carolina candidate’s scandal—may generate readership but also carry potential brand and polarization risks. Max Miller abuse accusations Mamdani and rabbis
• Negative Sentiment: No article identifies a direct negative catalyst for NYT, such as weaker advertising, subscriber losses, higher costs or reduced guidance. Investors therefore may continue to focus on valuation and technical factors rather than this editorial news batch.

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.