The New York Times Company $NYT Shares Bought by Horizon Investments LLC

Key Points

• Horizon Investments LLC increased its stake in The New York Times by 52.8% in Q4, buying 33,804 shares to hold 97,772 shares worth about $6.77M, as institutional investors own roughly 95.37% of the stock.
• Company insiders have been net sellers recently: Chairman Arthur G. Sulzberger sold 13,000 shares (~$1.04M) and insiders disposed of 27,913 shares (~$2.21M) over the past 90 days, leaving insiders with about 1.90% ownership.
• The New York Times slightly beat quarterly EPS estimates ($0.89 vs. $0.88) and raised its quarterly dividend to $0.23 (annualized $0.92, ~1.2% yield), while analysts' consensus remains a Moderate Buy with a $72.50 target.

Horizon Investments LLC boosted its holdings in shares of The New York Times Company (NYSE:NYT - Free Report) by 52.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,772 shares of the company's stock after purchasing an additional 33,804 shares during the quarter. Horizon Investments LLC owned approximately 0.06% of New York Times worth $6,770,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in New York Times in the 1st quarter valued at $442,000. Focus Partners Wealth raised its position in New York Times by 52.2% during the first quarter. Focus Partners Wealth now owns 11,640 shares of the company's stock worth $577,000 after acquiring an additional 3,990 shares during the period. Geneos Wealth Management Inc. raised its position in New York Times by 690.7% during the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company's stock worth $42,000 after acquiring an additional 739 shares during the period. Baird Financial Group Inc. purchased a new position in New York Times during the second quarter valued at $306,000. Finally, Cerity Partners LLC lifted its holdings in New York Times by 70.2% during the second quarter. Cerity Partners LLC now owns 55,423 shares of the company's stock valued at $3,103,000 after purchasing an additional 22,853 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Arthur G. Sulzberger sold 13,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $1,039,350.00. Following the completion of the sale, the chairman owned 172,338 shares of the company's stock, valued at approximately $13,778,423.10. This trade represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO R Anthony Benten sold 1,913 shares of New York Times stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total value of $140,739.41. Following the transaction, the chief accounting officer owned 37,772 shares in the company, valued at approximately $2,778,886.04. The trade was a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,913 shares of company stock worth $2,214,369 over the last ninety days. Corporate insiders own 1.90% of the company's stock.

New York Times Stock Down 0.5%

Shares of NYSE NYT opened at $78.62 on Friday. The firm has a 50-day simple moving average of $80.90 and a 200-day simple moving average of $71.51. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The New York Times Company has a 52 week low of $51.03 and a 52 week high of $87.10.

New York Times (NYSE:NYT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. New York Times had a net margin of 12.18% and a return on equity of 20.73%. The firm had revenue of $802.31 million for the quarter, compared to analyst estimates of $791.55 million. During the same period in the previous year, the business posted $0.80 earnings per share. New York Times's quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts expect that The New York Times Company will post 2.79 EPS for the current year.

New York Times Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. This is an increase from New York Times's previous quarterly dividend of $0.18. New York Times's payout ratio is presently 44.02%.

More New York Times News

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

• Positive Sentiment: Heavy breaking political coverage (Trump/foreign policy live updates) can drive traffic and subscriber engagement, supporting NYT’s core digital-revenue growth. Trump Administration Live Updates
• Positive Sentiment: Large national-security and tech stories (Pentagon deals with A.I. companies) are high-interest topics that historically boost page views and premium subscriptions for investigative/analysis coverage. Pentagon Makes Deals With A.I. Companies
• Neutral Sentiment: Ongoing crime and security reporting (video release in Correspondents’ Dinner attack, Brown University shooting follow-ups) may lift temporary engagement but are hard to monetize long term. Authorities Release Video of Suspect
• Neutral Sentiment: Soft consumer-interest pieces (Broadway debuts) are audience-building but have limited direct ad or subscription impact versus hard news. These 5 Actors Are Already Screen Stars
• Negative Sentiment: Earnings preview: analysts expect Q1 results to hinge on digital subscription gains vs. print weakness; Zacks flags margin pressure from higher spending, which could temper upside even if revenue grows. This is the clearest near-term driver weighing on the stock. Key Factors to Watch Ahead of Q1 Earnings
• Negative Sentiment: Broader policy stories (Obamacare subsidy expiration and declining enrollments) and prolonged high-intensity news cycles can pressure ad markets and consumer budgets, creating uncertainty for advertising revenue and subscription growth sustainability. Since Congress Let Obamacare Subsidies Expire

Analyst Upgrades and Downgrades

NYT has been the subject of a number of research reports. Weiss Ratings reissued a "buy (b)" rating on shares of New York Times in a research note on Tuesday, April 21st. Barclays raised their price target on shares of New York Times from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 20th. Wall Street Zen cut New York Times from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Argus raised New York Times to a "strong-buy" rating in a report on Thursday, February 19th. Finally, Bank of America began coverage on New York Times in a research report on Wednesday, April 22nd. They issued a "neutral" rating and a $84.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, New York Times has a consensus rating of "Moderate Buy" and a consensus target price of $72.50.

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.

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