Public Employees Retirement System of Ohio Buys Shares of 49,099 The New York Times Company $NYT

Public Employees Retirement System of Ohio purchased a new position in shares of The New York Times Company (NYSE:NYT) in the 2nd quarter, Holdings Channel reports. The firm purchased 49,099 shares of the company’s stock, valued at approximately $3,436,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Navalign LLC acquired a new position in New York Times in the 4th quarter valued at about $25,000. Basecamp Wealth Advisors LLC boosted its stake in shares of New York Times by 1,191.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 310 shares of the company’s stock worth $26,000 after purchasing an additional 286 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of New York Times during the fourth quarter worth about $32,000. Larson Financial Group LLC raised its position in shares of 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 buying an additional 245 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of 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. 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: Solid earnings momentum supports the stock. The New York Times reported quarterly earnings of $0.69 per share, above the $0.67 consensus estimate, while revenue of $762.5 million exceeded expectations and increased 11.2% year over year. A Zacks review says NYT has risen 3.5% since that report, suggesting investors continue to view its subscription and digital business performance favorably. Why Is New York Times Up 3.5% Since Last Earnings Report?
• Positive Sentiment: Broad content output may help sustain reader engagement. Recent coverage spans major entertainment, politics, international news, culture and The Athletic’s sports reporting. Articles including coverage of “Practical Magic 2,” the U.S. Open, soccer transfers and global events highlight the breadth of NYT’s subscription content, although no article disclosed a specific subscriber or revenue gain. How the Stars of Practical Magic 2 Reclaimed Their Power
• Neutral Sentiment: Most newly published articles are not direct stock catalysts. Coverage of Gloria Steinem, Nepal, Germany, Ukraine, the arts, lifestyle and sports reflects ongoing newsroom activity but does not provide new information on NYT’s financial outlook, pricing, subscriber trends or operating costs.
• Negative Sentiment: The AI copyright case remains a significant uncertainty. The U.S. government reportedly sided with OpenAI in defending the use of copyrighted works to train AI models in The New York Times’ lawsuit. That position could complicate NYT’s legal strategy and increase uncertainty over potential licensing revenue, damages or restrictions on AI training. US government sides with OpenAI in New York Times copyright lawsuit
• Negative Sentiment: Interest-rate uncertainty may pressure valuation. Reports that a rate increase remains possible could weigh on richly valued growth and subscription companies such as NYT, particularly while the shares trade above 28 times earnings.

New York Times Stock Up 0.3%

Shares of NYSE NYT opened at $67.25 on Friday. The stock has a market capitalization of $10.85 billion, a PE ratio of 28.02, a P/E/G ratio of 1.73 and a beta of 0.92. The firm has a fifty day moving average of $70.36 and a 200-day moving average of $75.42. The New York Times Company has a 52-week low of $54.10 and a 52-week high of $87.10.

New York Times (NYSE:NYT) last issued its earnings results on Wednesday, August 5th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. New York Times had a return on equity of 22.64% and a net margin of 13.19%.The firm had revenue of $762.46 million for the quarter, compared to analysts’ expectations of $752.01 million. During the same quarter last year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts expect that The New York Times Company will post 2.84 EPS for the current fiscal year.

New York Times Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. boosted their price target on New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, May 29th. UBS Group set a $75.00 price target on New York Times in a research note on Tuesday, August 18th. Barclays lowered their price objective on New York Times from $66.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Finally, Zacks Research lowered New York Times from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $82.33.

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.