Copeland Capital Management LLC Sells 12,323 Shares of The New York Times Company $NYT

Copeland Capital Management LLC trimmed its position in The New York Times Company (NYSE:NYT) by 2.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 439,488 shares of the company’s stock after selling 12,323 shares during the period. Copeland Capital Management LLC’s holdings in New York Times were worth $36,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Navalign LLC acquired a new position in New York Times in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC lifted its position in New York Times by 74.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after acquiring an additional 190 shares during the last quarter. International Assets Investment Management LLC acquired a new position in New York Times during the 4th quarter worth $32,000. SOA Wealth Advisors LLC. bought a new stake in New York Times during the fourth quarter valued at about $34,000. Finally, Larson Financial Group LLC boosted its holdings in New York Times by 59.6% during the third quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 245 shares during the period. 95.37% of the stock is owned by institutional investors.

Insider Activity at New York Times

In related news, Director David S. Perpich sold 9,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $77.06, for a total value of $693,540.00. Following the sale, the director owned 28,469 shares of the company’s stock, valued at $2,193,821.14. The trade was a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jacqueline M. Welch sold 4,000 shares of the 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 completion of the transaction, the executive vice president directly owned 23,873 shares of the company’s stock, valued at $1,769,944.22. This trade represents a 14.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,121 shares of company stock valued at $1,310,920 over the last quarter. 1.90% of the stock is owned by company insiders.

New York Times Price Performance

Shares of NYT stock opened at $75.90 on Friday. The New York Times Company has a one year low of $51.03 and a one year high of $87.10. The stock has a fifty day moving average price of $74.19 and a 200 day moving average price of $75.93. The stock has a market cap of $12.29 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 1.59 and a beta of 0.96.

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

New York Times Dividend Announcement

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

Key Headlines Impacting New York Times

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.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays lifted their price objective on New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Zacks Research upgraded New York Times from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Morgan Stanley set a $90.00 target price on New York Times in a report on Thursday, May 7th. Citigroup reaffirmed a “neutral” rating on shares of New York Times in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $95.00 price target on shares of New York Times in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.22.

New York Times Company Profile

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.