Sei Investments Co. Has $28.76 Million Holdings in The New York Times Company $NYT

Sei Investments Co. trimmed its stake in shares of The New York Times Company (NYSE:NYT) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 343,485 shares of the company’s stock after selling 29,917 shares during the period. Sei Investments Co.’s holdings in New York Times were worth $28,760,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Navalign LLC acquired a new position in New York Times in the 4th quarter worth $25,000. Cornerstone Planning Group LLC raised its stake in shares of 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 purchasing an additional 190 shares during the period. International Assets Investment Management LLC bought a new stake in shares of New York Times in the fourth quarter valued at about $32,000. SOA Wealth Advisors LLC. bought a new stake in shares of New York Times in the fourth quarter valued at about $34,000. Finally, Larson Financial Group LLC boosted its position in shares of New York Times by 59.6% during the third quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock worth $38,000 after buying an additional 245 shares during the period. 95.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director David S. Perpich sold 9,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.06, for a total transaction of $693,540.00. Following the transaction, the director directly owned 28,469 shares in the company, valued at $2,193,821.14. The trade was a 24.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William Bardeen sold 4,121 shares of New York Times stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the transaction, the executive vice president owned 14,560 shares of the company’s stock, valued at $1,133,496. The trade was a 22.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 17,121 shares of company stock valued at $1,310,920. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NYT. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $95.00 target price on shares of New York Times in a research report on Thursday, May 7th. Morgan Stanley set a $90.00 price target on shares of New York Times in a research note on Thursday, May 7th. Evercore reaffirmed an “outperform” rating and set a $92.00 price target on shares of New York Times in a research note on Thursday, May 7th. Guggenheim lifted their price objective on shares of New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Barclays boosted their price objective on shares of New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.22.

Key Headlines Impacting New York Times

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

• Positive Sentiment: Strong operating performance supports the investment case. NYT’s latest reported quarter exceeded expectations, with adjusted earnings of $0.61 per share versus a $0.49 consensus estimate and revenue of $712.2 million, up 12% year over year. The company’s broad mix of news, sports and lifestyle coverage—including live reporting on European wildfires, the Iran conflict and major U.S. business developments—continues to support the value of its subscription and digital journalism platform. Wildfires Live Updates: New Heat Wave Could Worsen France and Spain’s ‘Unprecedented’ Fire Season
• Positive Sentiment: Recent analysis characterizes the business as strong. A Seeking Alpha article argues that New York Times fundamentals and growth remain favorable, potentially helping explain buying interest in the shares. The New York Times: The Business Is Strong, The Stock Is The Question
• Neutral Sentiment: Most of the latest articles are editorial content rather than corporate news. Coverage of daylight-saving time, entertainment, sports, politics and international events may support audience engagement, but it does not provide a material update on NYT’s revenue outlook, subscriber trends or costs. Should We Make Daylight Saving Time Permanent?
• Negative Sentiment: Valuation remains the principal concern. With a price-to-earnings ratio near 31 and the stock below its 50-day and 200-day moving averages, investors may question whether expected growth is already reflected in the price. The recent analyst framing—“the business is strong, the stock is the question”—highlights this risk.

New York Times Stock Up 1.0%

NYT stock opened at $72.40 on Tuesday. The business has a 50 day moving average price of $73.77 and a two-hundred day moving average price of $76.11. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of 1.48 and a beta of 0.96. The New York Times Company has a twelve month low of $51.03 and a twelve month high of $87.10.

New York Times (NYSE:NYT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The company had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities research analysts anticipate that The New York Times Company will post 2.93 EPS for the current fiscal year.

New York Times Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 8th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, July 8th. New York Times’s dividend payout ratio is 39.48%.

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.