Key Points
- CAO R. Anthony Benten sold 1,913 shares of NYT on Feb. 17 at an average price of $73.57, trimming his holding by 4.82% to 37,772 shares (valued at about $2.78M), per an SEC filing.
- NYT’s fundamentals and market action: the stock rose ~2% to $76.97, the company reported an EPS beat ($0.89 vs. $0.88) with revenue up 10.4%, raised its quarterly dividend to $0.23, and carries a consensus "Moderate Buy" from analysts.
The New York Times Company (NYSE:NYT - Get Free Report) CAO R Anthony Benten sold 1,913 shares of the 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 sale, the chief accounting officer directly owned 37,772 shares of the company's stock, valued at $2,778,886.04. The trade was a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
New York Times Stock Up 2.0%
Shares of New York Times stock traded up $1.48 during trading on Friday, reaching $76.97. The company's stock had a trading volume of 590,543 shares, compared to its average volume of 2,293,467. The New York Times Company has a 1-year low of $44.83 and a 1-year high of $77.23. The company has a 50-day simple moving average of $71.01 and a two-hundred day simple moving average of $63.49. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 2.33 and a beta of 1.11.
New York Times (NYSE:NYT - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. New York Times had a return on equity of 21.02% and a net margin of 12.18%.The company had revenue of $802.31 million during the quarter, compared to analyst estimates of $791.55 million. During the same quarter last year, the business posted $0.80 EPS. The firm's quarterly revenue was up 10.4% on a year-over-year basis. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Wednesday, April 1st will be given a dividend of $0.23 per share. This is a boost from New York Times's previous quarterly dividend of $0.18. This represents a $0.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, April 1st. New York Times's payout ratio is presently 34.45%.
Analyst Upgrades and Downgrades
NYT has been the subject of several recent research reports. Barclays lifted their price target on 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. Citigroup reduced their target price on New York Times from $81.00 to $77.00 and set a "buy" rating for the company in a report on Thursday, February 5th. Argus raised New York Times to a "strong-buy" rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on shares of New York Times from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Finally, Guggenheim set a $63.00 price target on shares of New York Times and gave the company a "neutral" rating in a research note on Wednesday, February 4th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.43.
Check Out Our Latest Stock Analysis on New York Times
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Berkshire Hathaway Inc acquired a new position in New York Times during the fourth quarter worth approximately $351,664,000. Bank of Montreal Can raised its stake in shares of New York Times by 10,018.3% during the fourth quarter. Bank of Montreal Can now owns 2,316,172 shares of the company's stock worth $160,789,000 after purchasing an additional 2,293,281 shares during the last quarter. AQR Capital Management LLC lifted its position in New York Times by 78.1% in the second quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company's stock valued at $233,265,000 after purchasing an additional 1,836,788 shares during the period. Egerton Capital UK LLP purchased a new position in New York Times in the fourth quarter worth $97,882,000. Finally, Abrams Bison Investments LLC acquired a new stake in New York Times in the second quarter valued at $78,932,000. Institutional investors and hedge funds own 95.37% of the company's stock.
More New York Times News
Here are the key news stories impacting New York Times this week:
- Positive Sentiment: Argus/analyst upgrade — Argus upgraded NYT to a "strong‑buy," a catalyst that can attract momentum buyers and lift sentiment among retail and institutional investors. Argus Upgrade
- Positive Sentiment: Reports of a Berkshire/Hyperscaler interest — recent coverage highlights a new Berkshire stake (and broader commentary linking NYT to investor interest tied to Buffett’s moves), which investors interpret as a credibility boost and potential long‑term buyer. Berkshire Coverage
- Positive Sentiment: Recent fundamentals — NYT’s Feb. 4 quarter showed a small EPS beat and double‑digit revenue growth (subscriptions and digital ad recovery), supporting the bull case that the business can grow revenue while expanding digital reach.
- Neutral Sentiment: Broader market context — NYT’s move comes amid "mixed signals" in equity markets; broader market volatility could mute follow‑through buying even if company‑specific news is positive. Market Mixed Signals
- Neutral Sentiment: Macro/AI debate — commentary that an A.I. productivity boom might ease Fed policy could indirectly help ad and subscription growth, but this is a macro tailwind rather than a direct company catalyst. AI & Fed Cuts
- Neutral Sentiment: Ongoing content output — steady publishing (sports, world, culture) sustains traffic and subscription engagement, but individual articles are not an immediate stock catalyst unless they drive a material traffic spike.
- Negative Sentiment: Cost pressure concerns — a Seeking Alpha piece highlights inflationary cost trends for legacy media companies, flagging margin risk as NYT invests in journalism and product. That narrative can cap multiple expansion if costs continue to rise. Costs Article
- Negative Sentiment: Insider sale — CAO R. Anthony Benten sold 1,913 shares (~4.8% reduction in his holding), which some investors view as a modest negative signal even though the remaining ownership is large. SEC filing: Insider Sale Filing
New York Times Company Profile
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Get Free Report)
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.
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