Citigroup Inc. Raises Stock Holdings in The New York Times Company $NYT

Citigroup Inc. grew its position in shares of The New York Times Company (NYSE:NYT) by 23.1% in the third quarter, Holdings Channel reports. The fund owned 75,333 shares of the company’s stock after buying an additional 14,148 shares during the quarter. Citigroup Inc.’s holdings in New York Times were worth $4,324,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NYT. Employees Retirement System of Texas bought a new position in New York Times during the second quarter valued at $28,000. Hantz Financial Services Inc. increased its holdings in shares of New York Times by 4,591.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 563 shares of the company’s stock worth $32,000 after buying an additional 551 shares during the last quarter. True Wealth Design LLC raised its position in shares of New York Times by 519.6% during the 2nd quarter. True Wealth Design LLC now owns 570 shares of the company’s stock valued at $32,000 after buying an additional 478 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of New York Times by 86.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the company’s stock valued at $40,000 after buying an additional 330 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in shares of New York Times in the 3rd quarter valued at about $42,000. Institutional investors own 95.37% of the company’s stock.

Insider Activity at New York Times

In other news, CAO R Anthony Benten sold 1,913 shares of New York Times stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total transaction of $140,739.41. Following the completion of the sale, the chief accounting officer owned 37,772 shares of the company’s stock, valued at approximately $2,778,886.04. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

NYT has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of New York Times in a research note on Thursday, January 22nd. UBS Group set a $62.00 target price on New York Times in a research report on Thursday, November 6th. JPMorgan Chase & Co. raised their price target on New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Barclays lifted their price objective on shares of New York Times from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. Finally, Morgan Stanley set a $68.00 target price on shares of New York Times in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, New York Times currently has an average rating of “Moderate Buy” and a consensus target price of $68.43.

Key Stories Impacting New York Times

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

• Positive Sentiment: High-engagement election coverage — Multiple interactive state and congressional election result pages (Texas, North Carolina, Massachusetts and others) and related political analysis are live on NYT platforms; these drive real-time traffic and subscription sign-ups during election cycles. Massachusetts State Legislature Special Election Results
• Positive Sentiment: Breaking international coverage — In-depth reporting on the Iran conflict (including profiles of U.S. service-member casualties and analysis of drone/weapon costs) is likely increasing readership and subscriptions for premium coverage. These American Service Members Died in the Iran Conflict Iran’s Drones Cost a Fraction of the U.S. Weapons Shooting Them Down
• Neutral Sentiment: Investor outreach — NYT presented at the Morgan Stanley TMT conference (transcript released). Management presentations can clarify strategy (subscriptions, product, ad mix) but the transcript alone is neutral until it contains new guidance or material announcements. NYT Presents at Morgan Stanley TMT Conference (Transcript)
• Neutral Sentiment: Local/business features — Stories such as the sale of graffiti-covered L.A. skyscrapers provide niche real-estate/business coverage that supports diversified readership but are unlikely to move the stock materially. Graffiti-Covered Los Angeles Skyscrapers Find a Buyer
• Negative Sentiment: Macro pressure from energy and market volatility — Asia markets fell and oil/natural-gas prices rallied on Iran-related risk, creating broad market headwinds that can weigh on NYT’s ad revenue and overall stock multiple even as news traffic rises. Markets in Asia Plummet as Energy Fears Offset A.I. Optimism Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates

New York Times Stock Down 0.5%

Shares of New York Times stock opened at $81.04 on Thursday. The stock’s fifty day moving average is $72.65 and its two-hundred day moving average is $64.82. The New York Times Company has a 52 week low of $44.83 and a 52 week high of $81.84. The company has a market capitalization of $13.16 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $802.31 million during 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 20.73%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. As a group, research analysts anticipate that The New York Times Company will post 2.08 earnings per share for the current year.

New York Times Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be paid a $0.23 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.92 dividend on an annualized basis and a yield of 1.1%. This is an increase from New York Times’s previous quarterly dividend of $0.18. New York Times’s payout ratio is currently 34.45%.

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.