最新ニュース New York Times (NYSE:NYT) 株価情報

New York Times

New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as NYTimes and various smartphone applications. The company has two segments New York Times Group and The Athletic. The company generates the majority of its revenue from the NYTG segment. The NYTG and The Athletic segments derive revenue from subscriptions, Advertising, and others, where the major source of revenue for both segments is subscription.

New York Times Company (The) Common Stock

New York Times Co

ValueAct Holdings, L.P. reported holdings worth $3.9 billion in the September quarter after it disclosed major changes in its 13F filing for the third quarter of current fiscal. 
What Happened: One of the major changes in its holdings during Q3 was the addition of 211,500 shares of Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) for $121.07 million, representing 3.08% of its total portfolio.
ValueAct Holdings is a hedge fund popularly known for its activist strategies, run by chief executive officer, Mason Morfit. An activist hedge fund usually follows an event-driven strategy and acquires sufficient equity to influence a company's policies, to increase company value. ValueAct has a long history of investing in technology companies and is generally considered to be more constructivist and collaborative than other activist funds.
ValueAct did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
In 2022, Brad Gerstner&#8216;s Altimeter Capital targeted Meta, urging the company to reduce its workforce. Gerstner articulated his concerns in <a href="https://www.benzinga.com/news/22/10/29380959/meta-investor-proposes-curb-on-employees-strength-metaverse-spending">a letter titled &#8220;Time to Get Fit.</a>
ValueAct fund's specific intentions remain unclear, but CEO Morfit is reportedly supportive of Meta CEO Mark Zuckerberg&#8217;s strategic focus on advancing artificial intelligence initiatives, <a href="https://www.cnbc.com/2024/11/12/activist-valueact-has-1-billion-stake-in-meta-sources-say.html">according</a> to CNBC.
Why It Matters: According to its Q3 <a href="https://13f.info/13f/000141881224000021/compare/000141881224000017">13F filing</a>, ValueAct has acquired a passive stake in the parent company of Facebook, Instagram and WhatsApp, namely, Meta. It is one of the largest companies to be targeted by an activist investor, with a market cap of nearly $1.5 trillion. The hedge fund also increased its investment in <a href="https://www.benzinga.com/m-a/24/01/36471982/disney-partners-with-valueact-capital-for-strategic-counsel-in-anticipation-of-2024-shareholder-meet">The Walt Disney Co</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) by adding 1.33 million shares taking its total value to $718.04 million in ValueAct&#8217;s portfolio.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42001972/chinese-retail-sales-pickup-in-october-heres-whats-happening-with-alibaba-jd-and-pinduoduo-shares">Chinese Retail Sales Pickup In October: Here&#8217;s What&#8217;s Happening With Alibaba, JD And Pinduoduo Shares</a>
Other Key Changes To The Portfolio
Apart from adding Meta, ValueAct has made some major changes to its portfolio which consists of ten holdings. The fund has increased its stake in the American video game developer Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) by adding 7.83 million shares in Q3. It now represents 8.81% of ValueAct&#8217;s portfolio, having a total value of $448.62 million.
Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Liberty Media Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LLYVK#NASDAQ">LLYVK</a>) are other new holdings that ValueAct has added to its portfolio.
The hedge fund also reduced 806.96 thousand shares in Expedia Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) and completely exited Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), Finserv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), New York Times Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) and Flutter Entertainment PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>).
Read next: &nbsp;<a href="https://www.benzinga.com/general/market-summary/24/11/41968003/gold-drops-to-a-two-month-low-as-investors-turn-to-bitcoin-after-trumps-victory-but-this-economist-remains-confident-that-gold-will-surge" target="_blank" rel="noreferrer noopener">Gold Drops To A Two-Month Low As Investors Turn To Bitcoin After Trump's Victory, But This Economist Remains Confident That ‘Gold Will Surge'</a>
Image via Wikimedia Commons

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Activist Hedge Fund ValueAct Boosts Meta Stake With $121M Bet, But CEO Morfit Supports Mark Zuckerberg's AI Vision: Here's What Investors Should Know

Hedge Funds

General

ValueAct Holdings' Q3 2024 13F Filing Reveals Full Exits From Spotify, Fiserv, KKR & Co., New York Times With 1.34M Shares, And Flutter Entertainment

JP Morgan analyst David Karnovsky maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Overweight and raises the price target from $58 to $62.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on New York Times, Raises Price Target to $62

Deutsche Bank analyst Benjamin Soff maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Buy and raises the price target from $65 to $66.

Deutsche Bank Maintains Buy on New York Times, Raises Price Target to $66

New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) shares are moving lower on Monday. The company reported third-quarter financial results before the open. In addition, hundreds of employees represented by the Times Tech Guild <a href="https://www.benzinga.com/news/24/11/41721968/boeings-striking-machinists-vote-on-new-contract-proposal-with-support-from-both-sides">have reportedly gone on strike</a>.
Q3 Earnings Details: The company reported adjusted earnings of 45 cents per share, beating analyst estimates of 41 cents per share. The company reported sales of $640.2 million, marking a 7% year-over-year increase, but missing analyst estimates of $640.8 million, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
New York Times reported total advertising revenue of $118.4 million, total subscription revenue of $453.3 million and other revenues of $68.5 million. Growth in the other revenue segment was attributed to higher Wirecutter affiliate referral rates and licensing revenues. Digital-only average revenue per user (ARPU) was $9.45 in the quarter.
"The third quarter was another strong one for The Times as we made further progress toward becoming the essential subscription for every curious person seeking to understand and engage with the world. We passed 11 million total subscribers in the quarter, more than five million of whom now subscribe to the bundle or multiple products,&#8221; said Meredith Kopit Levien, president and CEO of the New York Times.
Related Link: <a href="https://www.benzinga.com/news/24/11/41699452/hondas-pickup-beats-tesla-cybertruck-as-most-american-made-truck">Honda&#8217;s Pickup Beats Tesla Cybertruck As Most American Made Truck</a>
What Else: According to <a href="https://variety.com/2024/digital/news/new-york-times-tech-workers-strike-2024-elections-1236199555/">Variety</a>, hundreds of employees represented by the Times Tech Guild have gone on strike. Employees in the Times Tech Guild consist of engineers, data managers and software developers that build and maintain the systems that support the company&#8217;s website and other digital applications.
The news comes a day before the U.S. presidential election and would be the first strike in the NewsGuild to collide with the election since 1964 if it continues into Tuesday. The strike is reportedly over disputes regarding fair pay and a &#8220;just cause&#8221; provision.
A spokesperson for the New York Times told Variety that the company has "robust plans in place to ensure that we are able to fulfill our mission and serve our readers."
NYT Price Action: At the time of publication, New York Times shares were down 7.22% at $52.63, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Earnings

Movers

What's Going On With New York Times Stock Monday?

WIIM

New York Times shares are trading lower after the company reported mixed Q3 financial results.

Guidance

NYT Sees Q4 Digital-Only Subscription Revenues Up 14-17%, Total Subscription Revenues Up 7-9%

New York Times Added 260K Net Digital-Only Subscribers

New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.41 by 9.76 percent. The company reported quarterly sales of $640.200 million which missed the analyst consensus estimate of $640.802 million by 0.09 percent. This is a 7.00 percent increase over sales of $598.345 million the same period last year.

Earnings Beats

Earnings Misses

New York Times Q3 2024 Adj. EPS $0.45 Beats $0.41 Estimate, Sales $640.2M Miss $640.802M Estimate

Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) wants to capture the same magic that the viral word game <a href="https://www.benzinga.com/general/entertainment/23/01/30219599/the-10-most-searched-things-in-2022-how-wordle-queen-elizabeth-mega-millions-and-jeffrey-da">Wordle had in 2022</a>, when it attracted millions of daily players and was the most searched topic on Google.
What Happened: Netflix's newest game is already attracting plenty of attention thanks to various reviews from <a href="https://mashable.com/article/netflix-wordle-killer?test_uuid=01iI2GpryXngy77uIpA3Y4B&amp;test_variant=a">Mashable </a>and Tom&#8217;s Guide <a href="https://www.tomsguide.com/gaming/netflix-is-planning-to-launch-a-wordle-killer-next-month">labeling</a> the game as the "Wordle killer."
"TED Tumblewords" is a new daily word puzzle mobile game launching on Netflix and Ted.com on Nov. 19. The game will be available to Netflix subscribers for free with no in-game ads or in-app purchases, according to a <a href="https://variety.com/2024/gaming/news/netflix-ted-talks-word-puzzle-game-1236186651/">Variety </a>report.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">Netflix Q3 Earnings &#8211; Revenue Beats, EPS Tops, Q4 Guidance Projects Subscriber Boost From &#8216;Squid Game,&#8217; NFL, And Boxing</a>
The game will allow people to compete against friends, strangers or the "TED Bot." In the game, people slide rows of scrambled letters to create words, attempting to make the longest words possible, earning points for various length word chains.
The report said players can take part in three unique puzzles every day and work to climb leaderboards. One feature that could help the game get some attention is the ability to share scores and victories on social media.
"TED Tumblewords" sees Netflix partnering with the non-profit conferences company best known for "TED Talks."
Gamers can pre-register for the game on Android and iOS ahead of the release.
Why It's Important: Netflix was reported to be exploring video games <a href="https://www.benzinga.com/trading-ideas/21/04/20726121/could-netflix-be-getting-into-video-games-earnings-call-hints-at-a-move">back in 2021</a> and in recent years has released multiple games for its subscribers.
Past video game titles and new games based on Netflix movies and television shows continue to be released by the streaming company and have passed <a href="https://www.benzinga.com/general/gaming/24/09/40802898/netflix-games-hit-210m-downloads-which-game-took-the-no-1-spot">210 million downloads </a>as of September.
Wordle was<a href="https://www.benzinga.com/news/22/01/25224359/what-is-wordle-how-to-play-the-hottest-new-free-puzzle-game-everyone-is-talking-about"> launched in November 2021 </a>and after a slow start grew to hundreds of thousands of daily players for the five-letter word game created by Josh Wardle.
The game went viral and became the top searched item on Google for the year and also attracted attention from The New York Times Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>), who <a href="https://www.benzinga.com/m-a/22/01/25327396/addictive-word-game-wordle-bought-over-by-nyt-for-low-seven-figures-what-you-need-to-know">bought the game.</a>
Word games like Wordle have helped The New York Times see daily visits from people who play the game and various other games the newspaper company has launched.
While Netflix already commands a strong amount of streaming time from its subscribers, efforts to boost subscribers and time spent on the platform comes from live specials, sports rights and video games.
With the potential "Wordle Killer," Netflix could have another way to dominate screen time.
NFLX, NYT Price Action: Netflix stock trades at $752.28 on Thursday versus a 52-week trading range of $395.62 to $773.00. Netflix stock is up 61% year-to-date in 2024.
New York Times shares trade at $54.15 on Thursday versus a 52-week trading range of $39.73 to $56.49. New York Times stock is up 13% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/news/22/08/28710008/bill-gates-has-played-wordle-since-february-shares-4-vowel-starter-word-3">Bill Gates Plays Wordle: Here's His Favorite 4 Vowel Starter Word</a></li>
</ul>
Image: Netflix

Entertainment

Gaming

Trading Ideas

NFLX

Netflix's 'Wordle Killer' Coming In November: Can 'Ted Tumblewords' Be The Next Viral Word Game Hit?

The Federal Trade Commission (FTC) finalized a rule Wednesday aimed at simplifying <a href="https://www.benzinga.com/news/23/06/32982143/retailers-subscription-like-prime-and-walmart-under-scrutiny-ftc-to-review-alleged-malpractices">subscription cancellations. </a>
The Details: The <a href="https://www.ftc.gov/news-events/news/press-releases/2024/10/federal-trade-commission-announces-final-click-cancel-rule-making-it-easier-consumers-end-recurring">new rule</a> is called "click-to-cancel." It aims to protect consumers from businesses that make it difficult, or even impossible, to cancel subscriptions. 
"Too often, businesses make people jump through endless hoops just to cancel a subscription," said Commission Chair Lina M. Khan. "The FTC's rule will end these tricks and traps, saving Americans time and money. Nobody should be stuck paying for a service they no longer want."
The final rule is part of the FTC&#8217;s ongoing efforts to modernize the 1973 Negative Option Rule in order to combat unfair and deceptive practices related to subscriptions and memberships. The agency reported complaints regarding recurring subscription practices have been steadily increasing over the past five years and in 2024 the FTC received nearly 70 consumer complaints per day on average, up from 42 per day in 2021.
See Also: <a href="https://www.benzinga.com/news/24/10/41370426/pepsi-fights-back-against-shrinkflation-why-your-chip-bags-will-be-fuller-in-the-future">Pepsi Fights Back Against Shrinkflation: Why Your Chip Bags Will Be Fuller In The Future</a>
Why It Matters: The click-to-cancel rule will go into effect in about six months and could have major consequences for digital retailers including Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), online service providers like Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and more traditional subscriptions like The New York Times Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>). Under the new rule, companies will have to get consent for subscriptions, auto-renewals and free trials that convert to paid memberships and must "make it as easy for consumers to cancel their enrollment as it was to sign up."&nbsp;
The FTC has previously targeted Amazon's <a href="https://www.ftc.gov/news-events/news/press-releases/2023/06/ftc-takes-action-against-amazon-enrolling-consumers-amazon-prime-without-consent-sabotaging-their">business practices</a> which it claims includes enrolling consumers into its Prime subscription service without their expressed consent and then making it difficult for consumers to cancel the Prime subscriptions. The FTC has also scrutinized similar subscription services from other large retailers including Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>).&nbsp;
Planet Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) has become well-known for its notoriously difficult-to-cancel gym memberships. The issue was highlighted in a <a href="https://x.com/linakhanftc/status/1479162568799395840">tweet</a> from FTC Chair Kahn and later featured in a Bear Cave <a href="https://www.benzinga.com/news/23/01/30486679/planet-fitness-an-illegal-billing-operation-with-gyms-on-the-side-short-seller">short-seller report</a> on the company.&nbsp;&nbsp;
"FTC has made clear that to comply with the law, businesses must ensure sign-ups are clear, consensual and easy to cancel," Khan tweeted in reference to a complaint about Planet Fitness's cancellation process.&nbsp;
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/10/41379867/european-central-bank-lowers-interest-rates-again-first-back-to-back-cuts-in-13-years">European Central Bank Lowers Interest Rates Again, First Back-To-Back Cuts In 13 Years</a></li>
</ul>
Image:&nbsp;Markus Winkler from Pixabay

Regulations

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AMZN

PLNT

FTC 'Click-To-Cancel' Rule Makes It Easy To End Subscriptions: What It Means For Netflix, Planet Fitness And More

Deutsche Bank analyst Benjamin Soff initiates coverage on New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Buy rating and announces Price Target of $65.

Initiation

Deutsche Bank Initiates Coverage On New York Times with Buy Rating, Announces Price Target of $65

CWA Says NY Times Tech Guild Authorized Strike With 95% In Favor

<a href="https://www.nytco.com/press/the-new-york-times-brings-wordle-to-the-world-of-mixed-reality/" title="https://www.nytco.com/press/the-new-york-times-brings-wordle-to-the-world-of-mixed-reality/">https://www.nytco.com/press/the-new-york-times-brings-wordle-to-the-world-of-mixed-reality/</a>

The New York Times Launches Wordle In Mixed Reality With New 2D Panel App For Meta Quest Headsets, Expanding Gameplay Into Virtual Environments Through Multi-Year Collaboration With Meta Starting September 16, 2024​

<a href="https://www.axios.com/2024/09/10/nyt-tech-union-strike-vote" title="https://www.axios.com/2024/09/10/nyt-tech-union-strike-vote">https://www.axios.com/2024/09/10/nyt-tech-union-strike-vote</a>

'New York Times tech workers union votes to authorize a strike' - Axios

Russia countered <a href="https://www.benzinga.com/news/24/08/40330846/russian-president-blames-ukraine-of-sabotaging-peace-talks-through-border-incursion-says-enemy-will">Ukraine&#8217;s ground incursion</a> into Russia&#8217;s Kursk region with missiles, drones and airstrikes.
Thousands of Ukrainian soldiers advanced across the Russian border a week ago. The surprise attack allowed Ukraine to occupy a piece of Russian territory 7.5 miles deep and about 25 miles wide.
Moscow evacuated almost 200,000 people. It rushed in reserves and heavy weaponry in response to Ukraine&#8217;s ground attack, Reuters reported.
Russia&#8217;s defense ministry published images of Sukhoi Su-34 bombers hitting Ukrainian troops in the Kursk border region, according to the ministry, and said it countered attacks at villages about 17 miles from the border.
Read Also: <a href="https://www.benzinga.com/news/24/08/40264817/while-world-watches-the-middle-east-ukraine-pushes-into-russian-territory">While World Watches The Middle East, Ukraine Pushes Into Russian Territory</a>
Russian forces destroyed 35 Ukrainian tanks, 31 armored personnel carriers, 18 infantry fighting vehicles and 179 other armored vehicles during the week-long battle, it said.
&#8220;The uncontrolled ride of the enemy has already been halted,&#8221; Major General Apti Alaudinov, the commander of the Chechen Akhmat special forces unit, told Reuters. &#8220;The enemy is already aware that the blitzkrieg that it planned did not work out.&#8221;
It was not clear whether Ukraine or Russia had control of the Russian town of Sudzha, through which Russia sends gas  from Western Siberia and through Ukraineto Slovakia and other European Union countries. Russian oil and gas company Gazprom said Tuesday it was still pumping gas to Ukraine through Sudzha.
Russia first attacked Ukraine in late February 2022,
Price Action: News organizations covering the war trended upward into Tuesday&#8217;s late-afternoon trading.
<ul>
<li>Thomson Reuters Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRI#NYSE">TRI</a>), which owns Reuters, gained 1% to $162.25</li>
<li>Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) slipped 0.08% to $36.22</li>
<li>News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>), which owns The Wall Street Journal and dozens of news organizations worldwide, rose 1.53% to $27.52</li>
<li>The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) went up 1.63% to $54.71</li>
</ul>
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</ul>
Image: Shutterstock

Government

NWSA

Russia Strikes Back At Ukraine's Ground Incursion Into Kursk

JP Morgan analyst David Karnovsky maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Overweight and raises the price target from $56 to $58.

JP Morgan Maintains Overweight on New York Times, Raises Price Target to $58

Barclays analyst Kannan Venkateshwar maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Equal-Weight and raises the price target from $40 to $45.

Barclays Maintains Equal-Weight on New York Times, Raises Price Target to $45

New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) shares are trading higher Wednesday after the company reported its second-quarter financial results. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/08/b40215476/the-new-york-times-company-reports-second-quarter-2024-results">details from the report.</a>
The Details:
New York Times reported quarterly earnings of 45 cents per share which beat the analyst consensus estimate by 12.5%. Quarterly sales came in just below estimates at $625 million and represents a 5.78% increase year-over-year.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40205648/toast-shares-get-burned-after-q2-results">Toast Shares Get Burned After Q2 Results</a>
New York Times added approximately 300,000 net digital-only subscribers in the second quarter, driven by bundle and multiproduct subscriber additions as well as other single product subscriber additions. Total digital-only average revenue per user (ARPU) increased 2.1% year-over-year to $9.34 primarily as a result of subscribers transitioning from promotional to higher prices and price increases on tenured non-bundled subscribers.
The company said growth in both digital subscribers and ARPU drove a year-over-year increase in digital subscription revenues of 12.9% and digital advertising revenues increase of 7.8%.&nbsp;
"It was a strong second quarter for The Times – one in which we made further progress on the path to grow our subscriber base and become the essential subscription for every curious person seeking to understand and engage with the world," said Meredith Kopit Levien, CEO of The New York Times Company.&nbsp;
<h2 class="wp-block-heading">Is NYT A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/NYT">New York Times</a>&#8216; page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. New York Times does pay a dividend, which yields 1.03% per year as of the closing price on Aug. 7, 2024. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/NYT">New York Times</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
NYT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, New York Times shares are up 5.12% at $54.80 at the time of publication Wednesday.
Read Also:
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40203008/airbnb-shares-fall-after-mixed-q2-results-eps-miss-revenue-beats">Airbnb Shares Fall After Mixed Q2 Results: EPS Miss, Revenue Beats</a></li>
</ul>
&nbsp;Image: Shutterstock

New York Times Stock Is Up After Q2 Results: Here's Why

New York Times shares are trading higher following Q2 financial results.

Barclays analyst Kannan Venkateshwar maintained a Hold rating on New York Times (NYT – Research Report) today and set a price target of $45.00. The...

New York Times (NYT) Receives a Hold from Barclays

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Charter Communications (CHTR – Research Report), New ...

Analysts Have Conflicting Sentiments on These Communication Services Companies: Charter Communications (CHTR), New York Times (NYT) and PLAYSTUDIOS (MYPS)

There's a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Vivid Seats (SEAT – Research Report) and...

Analysts Are Bullish on Top Communication Services Stocks: Vivid Seats (SEAT), New York Times (NYT)

Evercore ISI analyst Kutgun Maral maintained a Buy rating on New York Times (NYT – Research Report) today and set a price target of $56.00. The com...

New York Times (NYT) Receives a Buy from Evercore ISI

Deutsche Bank raised the firm's price target on New York Times (NYT) to $66 from $65 and keeps a Buy rating on the shares. The company reported str...

New York Times price target raised to $66 from $65 at Deutsche Bank

The New York Times ($NYT) stock is rising today after multiple Wall Street analysts upgraded their price targets. The prominent newspaper and mass-...

New York Times (NYSE:NYT) Receives Multiple Wall Street Upgrades

The striking workers from the Times Tech Guild of the New York Times ($NYT) are set to return to work today, although negotiations continue. After ...

New York Times' Striking Tech Guild Returns to Work, Negotiations Continue

New York Times (NYT) tech workers are ending their strike after a week-long stoppage, Business Insider's Lucia Moses reports. The strike threatened...

New York Times tech workers set to end strike, Business Insider reports

ValueAct's top Q3 trades feature new Meta, Visa stakes, KKR, Spotify exits

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.&nbsp; 1. STOCK NEWS: Shares of Domino's Pizza (DPZ) w...

Berkshire reveals stake in Domino's, Alibaba reports mixed Q2: Morning Buzz

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Press Releases

The New York Times Company to Announce First-Quarter Financial Results on May 8, 2024

The New York Times Company Reports First-Quarter 2024 Results

The New York Times Company's President and Chief Executive Officer Meredith Kopit Levien to Participate in the J.P. Morgan Annual Global Technology, Media and Communications Conference

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