VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 61,125 The New York Times Company $NYT

Key Points

• Virginia Retirement Systems bought 61,125 shares of The New York Times Company in the second quarter, valued at approximately $4.28 million. Institutional investors collectively own 95.37% of NYT, with California State Teachers’ Retirement System making a significant increase to its position.
• Analyst sentiment remains positive but mixed: NYT has a consensus “Moderate Buy” rating and an average price target of $82.33, while several firms recently maintained or downgraded the stock to “Hold” or “Neutral.”
• NYT’s latest quarterly results exceeded expectations, with EPS of $0.69 versus a $0.67 estimate and revenue of $762.46 million, up 11.2% year over year. Shares opened at $66.63, while the company’s quarterly dividend equates to $0.92 annually and a 1.4% yield.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in The New York Times Company (NYSE:NYT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 61,125 shares of the company's stock, valued at approximately $4,278,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. California State Teachers Retirement System grew its position in New York Times by 6,931.8% in the second quarter. California State Teachers Retirement System now owns 12,671,559 shares of the company's stock worth $886,756,000 after acquiring an additional 12,491,356 shares in the last quarter. Figure 8 Investment Strategies LLC raised its holdings in shares of New York Times by 3.3% during the 2nd quarter. Figure 8 Investment Strategies LLC now owns 11,328 shares of the company's stock valued at $793,000 after purchasing an additional 367 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of New York Times by 8.9% during the 2nd quarter. HB Wealth Management LLC now owns 10,729 shares of the company's stock valued at $751,000 after purchasing an additional 881 shares in the last quarter. AlphaGrep UK Ltd acquired a new stake in shares of New York Times in the 2nd quarter valued at $721,000. Finally, Syon Capital LLC lifted its stake in shares of New York Times by 18.0% in the 2nd quarter. Syon Capital LLC now owns 3,260 shares of the company's stock valued at $228,000 after purchasing an additional 498 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on NYT shares. JPMorgan Chase & Co. increased their target price 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. Bank of America decreased their price target on New York Times from $87.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, June 24th. Wall Street Zen lowered New York Times from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research lowered New York Times from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. Finally, Citigroup reissued a "neutral" rating on shares of New York Times in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, New York Times has a consensus rating of "Moderate Buy" and an average price target of $82.33.

Key New York Times News

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

• Positive Sentiment: NYT’s presentation at Citi’s 2026 Global TMT Conference gives investors an update on its digital-subscription strategy, product priorities and operating outlook. Continued execution in these areas could support long-term growth, although the supplied transcript headline does not identify a new earnings forecast or material positive guidance. The New York Times Company Presents at Citi’s 2026 Global TMT Conference Transcript

New York Times Price Performance

Shares of NYT opened at $66.63 on Thursday. The company has a market capitalization of $10.75 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The New York Times Company has a one year low of $54.10 and a one year high of $87.10. The company's fifty day moving average price is $70.15 and its 200 day moving average price is $75.28.

New York Times (NYSE:NYT - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.02. The company had revenue of $762.46 million during the quarter, compared to analysts' expectations of $752.01 million. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. Analysts anticipate that The New York Times Company will post 2.82 earnings per share for the current year.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 8th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, July 8th. This represents a $0.92 annualized dividend and a yield of 1.4%. New York Times's dividend payout ratio is presently 38.33%.

About New York Times

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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