The New York Times Company $NYT Stock Position Reduced by LGT Group Foundation

Key Points

• LGT Group Foundation cut its NYT stake by 38.1% in Q3, selling 226,532 shares and leaving 367,464 shares valued at $20.46M; institutional investors now own about 95.37% of the stock.
• Insider selling has been notable — CAO R. Anthony Benten and Chairman Arthur Sulzberger recently sold shares (1,913 and 13,000 respectively), with insiders offloading 27,913 shares (~$2.21M) in the last 90 days and insider ownership at 1.90%.
• NYT slightly beat quarterly estimates (EPS $0.89 vs. $0.88; revenue $802.3M, +10.4% YoY), raised its quarterly dividend to $0.23 ($0.92 annual, 1.1% yield), but trades at a premium (P/E ~38.5) near its 52‑week high and carries a consensus "Moderate Buy" target of $68.43.

LGT Group Foundation cut its holdings in The New York Times Company (NYSE:NYT - Free Report) by 38.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 367,464 shares of the company's stock after selling 226,532 shares during the period. LGT Group Foundation owned about 0.23% of New York Times worth $20,460,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NYT. Empowered Funds LLC acquired a new position in New York Times during the 1st quarter valued at approximately $442,000. Focus Partners Wealth increased its position in New York Times by 52.2% in the first quarter. Focus Partners Wealth now owns 11,640 shares of the company's stock worth $577,000 after buying an additional 3,990 shares during the period. Geneos Wealth Management Inc. lifted its stake in New York Times by 690.7% in the first quarter. Geneos Wealth Management Inc. now owns 846 shares of the company's stock valued at $42,000 after buying an additional 739 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in New York Times by 7.8% in the second quarter. Envestnet Asset Management Inc. now owns 111,135 shares of the company's stock valued at $6,221,000 after buying an additional 8,076 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of New York Times by 86.1% during the second quarter. Savant Capital LLC now owns 42,160 shares of the company's stock valued at $2,360,000 after acquiring an additional 19,500 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO R Anthony Benten sold 1,913 shares of the firm's stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 37,772 shares in the company, valued at approximately $2,778,886.04. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Arthur G. Sulzberger sold 13,000 shares of New York Times stock in a transaction that occurred on 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 completion of the transaction, the chairman owned 172,338 shares in the company, valued at approximately $13,778,423.10. This trade represents a 7.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,913 shares of company stock worth $2,214,369 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NYT. Argus upgraded shares of New York Times to a "strong-buy" rating in a research report on Thursday, February 19th. Evercore reissued an "outperform" rating on shares of New York Times in a research note on Thursday, February 5th. Wall Street Zen cut shares of New York Times from a "buy" rating to a "hold" rating in a research report on Saturday. Weiss Ratings restated a "buy (b)" rating on shares of New York Times in a research note on Thursday, January 22nd. Finally, Morgan Stanley set a $68.00 price objective on New York Times in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $68.43.

New York Times Stock Down 1.9%

NYT stock opened at $80.39 on Monday. The company has a 50-day simple moving average of $73.08 and a 200 day simple moving average of $65.16. The company has a market capitalization of $13.05 billion, a P/E ratio of 38.46, a PEG ratio of 2.49 and a beta of 1.09. The New York Times Company has a fifty-two week low of $44.83 and a fifty-two week high of $82.74.

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 analysts' consensus estimates of $0.88 by $0.01. The company had revenue of $802.31 million for the quarter, compared to the consensus estimate of $791.55 million. New York Times had a net margin of 12.18% and a return on equity of 20.73%. New York Times's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. Equities analysts anticipate that The New York Times Company will post 2.08 EPS for the current year.

New York Times Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.1%. This is a positive change from New York Times's previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, April 1st. New York Times's payout ratio is currently 34.45%.

Key Stories Impacting New York Times

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

• Positive Sentiment: Heavy, breaking coverage of Iran’s leadership change is driving large-scale news demand (live updates, analysis), which tends to increase site traffic, subscriber conversions and engagement for NYT. Live Updates: Iran Names Khamenei’s Son Supreme Leader
• Positive Sentiment: Reporting on U.S. strikes and the video of a Tomahawk hitting a base near a school (and related attacks on infrastructure) is high-impact journalism that typically lifts short-term traffic and subscription interest. U.S. Tomahawk Hit Naval Base Beside Iranian School, Video Shows
• Positive Sentiment: Surging oil and gasoline prices are producing political and consumer stories that attract readers (and ad impressions) — NYT is covering the political fallout and consumer pain points, which can boost engagement and monetization. Gas Prices Continue to Surge in U.S., Rising 14% in a Week
• Neutral Sentiment: Extensive sports and lifestyle content (Athletic features, F1, Paralympics, club soccer previews) provides steady, engaged readership but is less likely to move the stock materially in the short term. Example: coverage of Newcastle’s buildup to Barcelona. What Newcastle must do before ‘the biggest game in their history’ against Barcelona
• Neutral Sentiment: Arts and local-interest reporting (e.g., the Met Opera’s funding search, museum moves) sustains brand value and long-term subscriber loyalty but usually doesn’t trigger immediate stock moves. The Met Opera’s Desperate Hunt for Money
• Negative Sentiment: Despite strong content flow, investors may be trimming NYT shares on broader market/sector weakness and profit-taking—the stock trades at a premium (P/E ~38.5) after recent gains (near its 52‑week high), leaving it vulnerable to rotation away from expensive growth/consumer-media names.

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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