Principal Financial Group Inc. Trims Stake in The New York Times Company $NYT

Principal Financial Group Inc. lowered its position in The New York Times Company (NYSE:NYT) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 359,793 shares of the company’s stock after selling 8,065 shares during the period. Principal Financial Group Inc.’s holdings in New York Times were worth $20,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Employees Retirement System of Texas purchased a new stake in shares of New York Times in the second quarter worth approximately $28,000. Hantz Financial Services Inc. increased its stake in New York Times by 4,591.7% in the second quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock worth $32,000 after purchasing an additional 551 shares during the period. True Wealth Design LLC lifted its position in shares of New York Times by 519.6% during the second quarter. True Wealth Design LLC now owns 570 shares of the company’s stock worth $32,000 after purchasing an additional 478 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of New York Times by 86.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock valued at $40,000 after purchasing an additional 330 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of New York Times by 690.7% in the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock worth $42,000 after purchasing an additional 739 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

NYT has been the subject of a number of research analyst reports. Citigroup decreased their price objective on shares of New York Times from $81.00 to $77.00 and set a “buy” rating for the company in a report on Thursday. Evercore ISI reaffirmed an “outperform” rating on shares of New York Times in a research note on Thursday. Morgan Stanley set a $68.00 price target on New York Times in a report on Thursday, December 18th. Guggenheim set a $63.00 price objective on New York Times and gave the stock a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.43.

Trending Headlines about New York Times

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

• Positive Sentiment: Q4 earnings showed continued digital momentum: revenue rose ~10.4%, digital subscriptions, ARPU and advertising strength lifted results and free cash flow was reported at $550.5M — a key fundamental positive for recurring-revenue growth. The New York Times’ Q4 Earnings Beat Highlights Digital Momentum
• Positive Sentiment: The board raised the quarterly dividend to $0.23 (a ~27.8% increase versus prior), which boosts income appeal and signals management confidence in cash flow.
• Positive Sentiment: Evercore ISI raised its price target to $75 and kept an outperform rating — a vote of confidence that implies meaningful upside from current levels. New York Times (NYSE:NYT) Price Target Raised to $75.00 at Evercore ISI
• Positive Sentiment: J.P. Morgan raised its target to $74 and carries an overweight rating, adding institutional validation for the stock’s growth thesis. New York Times (NYSE:NYT) Price Target Raised to $74.00 at JPMorgan Chase & Co.
• Neutral Sentiment: Analyst/commentary pieces highlight NYT as a long-term growth stock based on digital subscription trends; helpful for sentiment but not an immediate catalyst. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: High-profile content (Olympics coverage and other major stories) can lift traffic and engagement intermittently, but the immediate stock effect is uncertain. Example Olympic coverage: USA women’s hockey / norovirus story. USA downs Czech Republic on Day 1 of Olympic women’s hockey headlined by norovirus outbreak
• Negative Sentiment: Despite the positive newsflow, shares are lower today — likely reflecting near-term profit-taking after recent gains, a relatively high P/E (~32.6) and limited immediate upside for traders who had already priced in the beat and analyst raises. Investors should watch upcoming subscription trends and guidance for confirmation of sustained digital growth.

New York Times Stock Performance

NYSE:NYT opened at $68.07 on Monday. The firm has a 50-day simple moving average of $69.69 and a 200-day simple moving average of $62.35. The New York Times Company has a one year low of $44.83 and a one year high of $74.04. The firm has a market cap of $11.05 billion, a P/E ratio of 32.57, a P/E/G ratio of 2.10 and a beta of 1.11.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The company had revenue of $802.31 million for the quarter, compared to analyst estimates of $791.55 million. New York Times had a net margin of 12.18% and a return on equity of 21.02%. New York Times’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. On average, research analysts predict that The New York Times Company will post 2.08 EPS 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. Investors of record on Wednesday, April 1st will be paid a dividend of $0.23 per share. This is an increase from New York Times’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, April 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.4%. New York Times’s dividend payout ratio (DPR) is currently 34.45%.

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.