The New York Times Company $NYT Shares Sold by Reynders McVeigh Capital Management LLC

Key Points

• Reynders McVeigh cut its stake in The New York Times by 9.3% in Q4, selling 33,832 shares and ending the period with 328,752 shares worth about $22.82 million.
• Q1 results slightly beat expectations—$0.89 EPS vs. $0.88 and $802.31M revenue (up 10.4% year-over-year)—and analysts project about 2.79 EPS for the fiscal year.
• The company raised its quarterly dividend to $0.23 (annualized $0.92, ~1.2% yield) while analyst sentiment remains mixed-to-positive with a consensus "Moderate Buy" and Citigroup boosting its price target to $94.00.

Reynders McVeigh Capital Management LLC cut its stake in The New York Times Company (NYSE:NYT - Free Report) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,752 shares of the company's stock after selling 33,832 shares during the period. Reynders McVeigh Capital Management LLC owned 0.20% of New York Times worth $22,822,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in New York Times by 74.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company's stock valued at $32,000 after acquiring an additional 190 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new stake in New York Times in the fourth quarter valued at $34,000. Grove Bank & Trust acquired a new stake in New York Times in the fourth quarter valued at $42,000. Larson Financial Group LLC raised its holdings in New York Times by 59.6% in the third quarter. Larson Financial Group LLC now owns 656 shares of the company's stock valued at $38,000 after acquiring an additional 245 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in New York Times in the third quarter valued at $42,000. 95.37% of the stock is owned by institutional investors and hedge funds.

New York Times News Roundup

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup boosted their target price on shares of New York Times from $77.00 to $94.00 and gave the company a "buy" rating in a research note on Tuesday, March 24th. Wall Street Zen lowered shares of New York Times from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of New York Times from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, February 5th. Evercore reiterated an "outperform" rating on shares of New York Times in a research note on Thursday, February 5th. Finally, Bank of America assumed coverage on shares of New York Times in a research note on Wednesday, April 22nd. They set a "neutral" rating and a $84.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.50.

New York Times Price Performance

NYT stock opened at $78.62 on Monday. The New York Times Company has a 1-year low of $51.03 and a 1-year high of $87.10. The firm has a fifty day moving average price of $80.90 and a two-hundred day moving average price of $71.63. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.12 and a beta of 0.98.

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

New York Times Increases Dividend

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

Insider Transactions at New York Times

In other news, CAO R Anthony Benten sold 1,913 shares of the company's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $73.57, for a total transaction of $140,739.41. Following the completion of the transaction, the chief accounting officer owned 37,772 shares in the company, valued at approximately $2,778,886.04. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Arthur G. Sulzberger sold 13,000 shares of the company's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total transaction of $1,039,350.00. Following the transaction, the chairman owned 172,338 shares of the company's stock, valued at $13,778,423.10. This represents a 7.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 27,913 shares of company stock worth $2,214,369. Insiders own 1.90% of the company's stock.

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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