The New York Times Company $NYT Stock Position Boosted by Boston Trust Walden Corp

Boston Trust Walden Corp grew its position in shares of The New York Times Company (NYSE:NYT) by 12.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 802,007 shares of the company’s stock after acquiring an additional 90,693 shares during the period. Boston Trust Walden Corp’s holdings in New York Times were worth $51,088,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NYT. Concurrent Investment Advisors LLC purchased a new stake in New York Times in the second quarter worth approximately $2,565,000. Resona Asset Management Co. Ltd. purchased a new position in shares of New York Times during the first quarter worth approximately $1,752,000. Engineers Gate Manager LP raised its stake in shares of New York Times by 832.5% during the second quarter. Engineers Gate Manager LP now owns 50,791 shares of the company’s stock worth $3,554,000 after acquiring an additional 45,344 shares in the last quarter. Giverny Capital Inc. purchased a new position in shares of New York Times during the second quarter worth approximately $33,900,000. Finally, LGT Fund Management Co Ltd. lifted its holdings in shares of New York Times by 27.8% in the 1st quarter. LGT Fund Management Co Ltd. now owns 70,463 shares of the company’s stock worth $5,900,000 after acquiring an additional 15,321 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NYT shares. Guggenheim raised shares of New York Times from a “neutral” rating to a “buy” rating and upped their price objective for the company from $70.00 to $82.00 in a research note on Tuesday, September 15th. Wall Street Zen cut shares of New York Times from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Barclays decreased their target price on shares of New York Times from $66.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings raised shares of New York Times from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, UBS Group set a $82.00 price target on shares of New York Times in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.70.

New York Times Stock Down 0.7%

Shares of NYT opened at $66.66 on Thursday. The stock has a market capitalization of $10.75 billion, a P/E ratio of 27.78, a PEG ratio of 1.73 and a beta of 0.89. The New York Times Company has a twelve month low of $57.53 and a twelve month high of $87.10. The firm has a fifty day simple moving average of $67.34 and a two-hundred day simple moving average of $73.29.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The firm had revenue of $768.54 million for the quarter, compared to analysts’ expectations of $767.21 million. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. Sell-side analysts expect that The New York Times Company will post 2.83 EPS for the current fiscal year.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 7th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, October 7th. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. New York Times’s dividend payout ratio (DPR) is presently 38.33%.

Key Stories Impacting New York Times

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

• Positive Sentiment: NYT earned $0.68 per share, above the $0.65 consensus and up from $0.59 a year earlier. Revenue increased 9.7% year over year to $768.54 million, slightly above estimates of $767.21 million. Article: New York Times Co. Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Digital subscriber additions accelerated, helping lift quarterly revenue—a key growth driver for the company as it expands beyond print. Article: New York Times Revenue Rises on Digital Subscriber Gains
• Negative Sentiment: Costs and print weakness remain potential headwinds, tempering the otherwise favorable results; the earnings reports provided here do not quantify their impact on the quarter. Article: Assessing The New York Times Company Ahead of Q3 Earnings Release

New York Times Profile

The New York Times Company (NYSE: NYT) is a media and technology company best known for publishing The New York Times, a daily newspaper founded in 1851 by Henry Jarvis Raymond and George Jones. The company produces journalism across national and international news, business, politics, culture, science, sports and other topics through print and digital platforms.

In addition to its core news operation, the company offers a range of subscription products and digital services, including NYT Cooking, Games, Audio and The Athletic, a subscription-based sports media platform.