Raytheon awarded $71 million in Navy contracts for missile systems
Meredith (NYSE:MDP) Kopit Levien, President and CEO of The New York Times Company (NYSE:NYT), recently sold 19,869 shares of Class A common stock. The sale took place on February 13, with shares sold at a weighted average price of $50.53, resulting in a total transaction value of approximately $1,003,897. The transaction comes as NYT maintains strong financial health with a "GOOD" rating according to InvestingPro analysis, supported by robust profitability metrics and consistent dividend payments for 13 consecutive years.
Following the sale, Kopit Levien retains ownership of 81,903 shares directly. The transaction was executed in multiple trades, with prices ranging from $50.33 to $50.75. The company’s stock has delivered a 14.7% return over the past year, with analysts setting price targets ranging from $45 to $65. Get deeper insights into NYT’s valuation and growth prospects with InvestingPro’s comprehensive research report, featuring exclusive analysis of 1,400+ top US stocks.
In other recent news, Deutsche Bank (ETR:DBKGn) has reaffirmed its Buy rating on New York Times shares, maintaining a steady price target of $65. The bank’s analysts have expressed confidence in the company’s direction, citing anticipated growth in digital subscribers and a revenue increase of 6.3% year-over-year. The New York Times has also announced enhancements to its shareholder return program, including an additional $350 million for share repurchases and an increase in its dividend per share to 18 cents.
Conversely, Guggenheim has adjusted its outlook for the New York Times, reducing the price target from $55.00 to $52.00 while maintaining a Neutral rating. The revision followed the company’s fourth-quarter earnings report, which showed revenues and adjusted operating income close to Guggenheim’s projections, despite slightly higher operating costs. Guggenheim’s forecast for net additions to core news subscribers remains cautious, with an estimate of 370,000 new subscribers for 2025.
Furthermore, Deutsche Bank analysts have adjusted their outlook on New York Times stock, raising the price target to $67 from the previous $66. The revision reflects a fine-tuning of estimates before the company reports its fourth-quarter results for 2024. The adjustments to the New York Times’ financial estimates are minor yet positive, with total revenue and AOP expected to rise by 0.6% and 1.3%, respectively. These are the most recent developments concerning the New York Times.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.