Copeland Capital Management LLC Has $36.80 Million Holdings in The New York Times Company $NYT

Copeland Capital Management LLC cut its position in shares of The New York Times Company (NYSE:NYT) by 2.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 439,488 shares of the company’s stock after selling 12,323 shares during the quarter. Copeland Capital Management LLC owned 0.27% of New York Times worth $36,798,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of New York Times by 4.2% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,366 shares of the company’s stock valued at $282,000 after acquiring an additional 135 shares during the period. Andina Capital Management LLC grew its position in New York Times by 1.7% during the 4th quarter. Andina Capital Management LLC now owns 8,814 shares of the company’s stock worth $612,000 after purchasing an additional 147 shares in the last quarter. Jackson Thornton Wealth Management LLC raised its stake in New York Times by 3.5% during the 4th quarter. Jackson Thornton Wealth Management LLC now owns 4,355 shares of the company’s stock valued at $302,000 after purchasing an additional 148 shares during the period. Bessemer Group Inc. raised its stake in New York Times by 34.4% during the 1st quarter. Bessemer Group Inc. now owns 687 shares of the company’s stock valued at $58,000 after purchasing an additional 176 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of New York Times by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 17,944 shares of the company’s stock worth $1,246,000 after buying an additional 189 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

New York Times News Roundup

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

• Positive Sentiment: The New York Times was cited by Reuters in a major report that Meta is in talks for a potential $10 billion Anthropic compute deal, highlighting the publication’s continued influence on market-moving business coverage. Meta in talks for $10 billion Anthropic compute deal, NYT reports
• Positive Sentiment: The company filed motions to block Trump administration subpoenas to reporters, underscoring its willingness to defend journalists and the independence of its newsroom, which can support the brand with readers and subscribers. New York Times seeks to block subpoenas to reporters over Air Force One reporting
• Neutral Sentiment: The Times published a steady slate of major national, international, science, and culture stories over the past day, but most appear to be standard content flow rather than a clear new revenue catalyst.

New York Times Stock Performance

Shares of NYSE NYT opened at $75.90 on Friday. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 1.59 and a beta of 0.96. The business has a 50 day simple moving average of $74.19 and a 200 day simple moving average of $75.93. The New York Times Company has a 52 week low of $51.03 and a 52 week high of $87.10.

New York Times (NYSE:NYT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.12. The firm had revenue of $712.24 million for the quarter, compared to analyst estimates of $699.93 million. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. On average, analysts predict that The New York Times Company will post 2.93 EPS for the current year.

New York Times Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, July 8th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.2%. New York Times’s dividend payout ratio (DPR) is currently 39.48%.

Insider Activity at New York Times

In other New York Times news, EVP Jacqueline M. Welch sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total transaction of $296,560.00. Following the transaction, the executive vice president directly owned 23,873 shares in the company, valued at $1,769,944.22. This trade represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Bardeen sold 4,121 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total value of $320,819.85. Following the completion of the sale, the executive vice president directly owned 14,560 shares of the company’s stock, valued at $1,133,496. This represents a 22.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 17,121 shares of company stock valued at $1,310,920. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NYT. Bank of America lowered their price target on New York Times from $87.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, June 24th. Evercore reissued an “outperform” rating and issued a $92.00 price objective on shares of New York Times in a research note on Thursday, May 7th. Citigroup restated a “neutral” rating on shares of New York Times in a research report on Wednesday, June 24th. Wall Street Zen raised New York Times from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. upped their target price on New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.22.

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.