Hillsdale Investment Management Inc. Reduces Stock Position in The New York Times Company $NYT

Hillsdale Investment Management Inc. trimmed its holdings in The New York Times Company (NYSE:NYT) by 24.0% during the first quarter, HoldingsChannel.com reports. The firm owned 58,000 shares of the company’s stock after selling 18,300 shares during the period. Hillsdale Investment Management Inc.’s holdings in New York Times were worth $4,856,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in shares of New York Times by 35.3% during the fourth quarter. AQR Capital Management LLC now owns 6,241,489 shares of the company’s stock worth $433,284,000 after buying an additional 1,628,200 shares in the last quarter. Wellington Management Group LLP raised its holdings in New York Times by 9.3% in the fourth quarter. Wellington Management Group LLP now owns 5,211,824 shares of the company’s stock valued at $361,805,000 after acquiring an additional 441,851 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in New York Times in the fourth quarter valued at $351,664,000. State Street Corp boosted its stake in New York Times by 2.4% during the 4th quarter. State Street Corp now owns 5,027,198 shares of the company’s stock valued at $348,988,000 after acquiring an additional 116,012 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in New York Times by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company’s stock valued at $272,347,000 after acquiring an additional 50,389 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting New York Times

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

• Positive Sentiment: Zacks singled out NYT as a low-beta defensive stock that could attract investors seeking stability during periods of geopolitical तनाव and market volatility. 4 Low-Beta Defensive Stocks to Buy as Geopolitical Tensions Escalate
• Positive Sentiment: An Invezz commentary said The New York Times Company (NYT) is not “failing” and suggested the stock may surge after its recent pullback, reinforcing a bullish case among some traders. New York Times is not “failing”: Here’s why its stock may surge soon
• Neutral Sentiment: Several recent New York Times headlines focused on politics, immigration, and global events, including Trump-related legal and policy coverage, which may support traffic but do not clearly signal an immediate earnings impact.
• Negative Sentiment: Broader market commentary noted NYT has retreated from its recent highs, reflecting profit-taking and a weak short-term price trend that may still weigh on the shares.

New York Times Stock Performance

New York Times stock opened at $72.97 on Wednesday. The company has a 50-day simple moving average of $74.50 and a 200-day simple moving average of $75.86. The firm has a market capitalization of $11.81 billion, a P/E ratio of 31.32, a P/E/G ratio of 1.55 and a beta of 0.96. The New York Times Company has a one year low of $51.03 and a one year high of $87.10.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.12. The firm had revenue of $712.24 million for the quarter, compared to the consensus estimate of $699.93 million. New York Times had a net margin of 13.18% and a return on equity of 22.02%. New York Times’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. As a group, sell-side analysts forecast that The New York Times Company will post 2.93 earnings per share for the current year.

New York Times Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 8th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. New York Times’s dividend payout ratio (DPR) is presently 39.48%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NYT shares. 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. JPMorgan Chase & Co. increased their price target on shares of New York Times from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. UBS Group set a $80.00 price target on New York Times in a research note on Wednesday, June 24th. Wall Street Zen raised New York Times from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Morgan Stanley set a $90.00 price objective on New York Times in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.22.

Insider Buying and Selling at New York Times

In other news, Director David S. Perpich sold 9,000 shares of New York Times stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $77.06, for a total transaction of $693,540.00. Following the sale, the director owned 28,469 shares of the company’s stock, valued at approximately $2,193,821.14. The trade was a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jacqueline M. Welch sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total value of $296,560.00. Following the transaction, the executive vice president owned 23,873 shares of the company’s stock, valued at approximately $1,769,944.22. This represents a 14.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 17,121 shares of company stock worth $1,310,920. 1.90% of the stock is owned by company insiders.

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.