Kesler Norman & Wride LLC Sells 7,854 Shares of The New York Times Company $NYT

Kesler Norman & Wride LLC decreased its position in shares of The New York Times Company (NYSE:NYT) by 28.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,987 shares of the company’s stock after selling 7,854 shares during the period. Kesler Norman & Wride LLC’s holdings in New York Times were worth $1,147,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Steinberganna Wealth Management acquired a new position in shares of New York Times during the 3rd quarter worth $229,000. Lecap Asset Management Ltd. lifted its holdings in shares of New York Times by 10.5% in the third quarter. Lecap Asset Management Ltd. now owns 6,060 shares of the company’s stock worth $348,000 after acquiring an additional 576 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of New York Times by 176.1% in the 3rd quarter. SG Americas Securities LLC now owns 58,027 shares of the company’s stock valued at $3,331,000 after purchasing an additional 37,010 shares in the last quarter. HB Wealth Management LLC bought a new stake in shares of New York Times during the 3rd quarter valued at approximately $261,000. Finally, Brave Asset Management Inc. acquired a new position in New York Times during the 3rd quarter worth approximately $205,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times Trading Down 0.9%

Shares of NYSE NYT opened at $70.98 on Friday. The firm’s 50-day moving average price is $66.19 and its 200-day moving average price is $60.02. The firm has a market capitalization of $11.52 billion, a P/E ratio of 34.62, a P/E/G ratio of 1.56 and a beta of 1.12. The New York Times Company has a 1-year low of $44.83 and a 1-year high of $71.90.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, November 5th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $700.82 million during the quarter, compared to analyst estimates of $692.01 million. New York Times had a return on equity of 20.30% and a net margin of 12.29%.The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. Equities research analysts forecast that The New York Times Company will post 2.08 EPS for the current year.

New York Times Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Tuesday, January 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, January 6th. New York Times’s dividend payout ratio is presently 35.12%.

Key Stories Impacting New York Times

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

• Positive Sentiment: Analysts maintain a favorable view — NYT has a consensus “moderate buy,” which supports demand and gives investors cover to hold or add. The New York Times Company (NYSE:NYT) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Momentum narrative: coverage noting NYT at a 52‑week high highlights positive price momentum and investor interest; analysts and momentum traders may keep buying on strength. The New York Times Company (NYT) Hits Fresh High: Is There Still Room to Run?
• Neutral Sentiment: Geopolitical/tail events that drive traffic: U.S. boarding of Venezuelan tankers and related Venezuela coverage can increase page views and subscriptions short term, supporting ad and subscription revenue, but these are event-driven and unpredictable. U.S. Boards Another Tanker Carrying Venezuelan Oil
• Neutral Sentiment: Big news and breaking coverage (Iran protests) typically boosts engagement and subscriber retention; good for NYT’s traffic but not a guaranteed earnings driver. Iran’s Supreme Leader Vows to ‘Not Back Down’ as Protests Swell
• Neutral Sentiment: Russia’s reported use of a nuclear-capable missile in Ukraine is high‑impact news that can drive sustained international readership and subscriptions, supporting revenue variability. Russia Says It Used Nuclear-Capable Missile to Strike Western Ukraine
• Neutral Sentiment: Economic coverage: NYT’s live jobs‑report updates and business reporting can attract engaged readers and subscribers interested in markets and the economy; positive for engagement but less direct near‑term impact on stock price. Live Updates: Jobs Report to Provide Insight on Murky Hiring Picture
• Neutral Sentiment: Opinion/brand presence: columnist Tom Friedman’s TV appearance raises NYT’s profile and can indirectly support subscriptions and influence. NYT’s Tom Friedman: Our oil companies need a legal structure in order to operate in Venezuela

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group set a $62.00 price target on shares of New York Times in a report on Thursday, November 6th. Citigroup lifted their price target on New York Times from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Morgan Stanley set a $68.00 price objective on New York Times in a research note on Thursday, December 18th. JPMorgan Chase & Co. lifted their target price on shares of New York Times from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, Barclays upped their price target on shares of New York Times from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.71.

About New York Times

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.