Copeland Capital Management LLC Sells 22,763 Shares of The New York Times Company $NYT

Key Points

• Copeland Capital Management LLC reduced its stake in The New York Times Company by 4.8% in Q4, selling 22,763 shares and retaining 451,811 shares worth about $31.37 million.
• Company insiders sold shares as well — Chairman Arthur G. Sulzberger sold 13,000 shares and CAO R. Anthony Benten sold 1,913, with insiders offloading 27,913 shares (~$2.21M) over the quarter and now owning 1.90% of the stock.
• The New York Times increased its quarterly dividend to $0.23 (from $0.18), an annualized $0.92 payout that yields roughly 1.1% and implies a payout ratio near 44%.

Copeland Capital Management LLC reduced its holdings in The New York Times Company (NYSE:NYT - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 451,811 shares of the company's stock after selling 22,763 shares during the quarter. Copeland Capital Management LLC owned about 0.28% of New York Times worth $31,365,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP increased its holdings in New York Times by 4.6% in the third quarter. Wellington Management Group LLP now owns 4,769,973 shares of the company's stock worth $273,796,000 after purchasing an additional 209,616 shares in the last quarter. AQR Capital Management LLC increased its holdings in New York Times by 10.2% in the third quarter. AQR Capital Management LLC now owns 4,613,289 shares of the company's stock worth $264,803,000 after purchasing an additional 425,401 shares in the last quarter. Two Sigma Investments LP increased its holdings in New York Times by 98.5% in the third quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company's stock worth $117,993,000 after purchasing an additional 1,020,031 shares in the last quarter. Capital Research Global Investors increased its holdings in New York Times by 0.3% in the third quarter. Capital Research Global Investors now owns 1,692,846 shares of the company's stock worth $97,169,000 after purchasing an additional 4,782 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of New York Times by 11.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,588,187 shares of the company's stock valued at $91,162,000 after acquiring an additional 164,928 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other New York Times news, Chairman Arthur G. Sulzberger sold 13,000 shares of the business's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $1,039,350.00. Following the transaction, the chairman owned 172,338 shares of the company's stock, valued at approximately $13,778,423.10. The trade was a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO R Anthony Benten sold 1,913 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $73.57, for a total value of $140,739.41. Following the completion of the transaction, the chief accounting officer directly owned 37,772 shares in the company, valued at approximately $2,778,886.04. This represents a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,913 shares of company stock valued at $2,214,369. Insiders own 1.90% of the company's stock.

New York Times Trading Up 0.0%

NYT stock opened at $80.47 on Friday. The stock's fifty day simple moving average is $80.38 and its two-hundred day simple moving average is $70.56. The New York Times Company has a 1-year low of $50.17 and a 1-year high of $87.10. The stock has a market cap of $12.98 billion, a P/E ratio of 38.50, a P/E/G ratio of 2.45 and a beta of 1.06.

New York Times (NYSE:NYT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. New York Times had a return on equity of 20.73% and a net margin of 12.18%.The business had revenue of $802.31 million for the quarter, compared to analysts' expectations of $791.55 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business's revenue was up 10.4% on a year-over-year basis. As a group, analysts forecast that The New York Times Company will post 2.79 earnings per share for the current fiscal year.

New York Times Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st were given a $0.23 dividend. This is an increase from New York Times's previous quarterly dividend of $0.18. This represents a $0.92 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, April 1st. New York Times's payout ratio is presently 44.02%.

Key Headlines Impacting New York Times

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

• Positive Sentiment: Analyst consensus leans constructive — several services show a “Moderate Buy” consensus on NYT, supporting the view that the company’s subscription and digital strategy remains an earnings-growth story. Analysts Moderate Buy
• Positive Sentiment: Market recognizes NYT’s digital strength — coverage from Proactive and others highlights the firm’s strong digital subscription mix and cash flow profile, which underpin its premium valuation despite limited immediate multiple expansion. Digital Strength Coverage
• Neutral Sentiment: Bank of America initiated coverage with a Neutral rating and an $84 price target — BofA cites solid fundamentals but argues much of the rally is priced in, implying modest upside from current levels. BofA Initiation
• Negative Sentiment: FBI scrutiny of Times reporting creates reputational and legal-risk headlines — reporting that the FBI investigated a Times correspondent and the paper’s executive editor accusing authorities of trying to “criminalize” journalism could prolong political/legal uncertainty and distract management/ newsroom resources. Deadline: FBI Investigation Coverage
• Negative Sentiment: Tech/AI developments raise competitive and traffic-risk questions — new, more powerful models from OpenAI and Anthropic elevate concerns (cited by analysts) about AI-driven content/recommendation shifts that could disrupt news traffic, ad demand or subscription behavior. Investors should watch how NYT adapts its product and paywall strategy to maintain engagement. OpenAI New Model Anthropic Model

Analyst Ratings Changes

Several research firms have recently commented on NYT. Evercore restated an "outperform" rating on shares of New York Times in a report on Thursday, February 5th. Argus upgraded New York Times to a "strong-buy" rating in a report on Thursday, February 19th. Citigroup boosted their price objective on New York Times from $77.00 to $94.00 and gave the company a "buy" rating in a report on Tuesday, March 24th. Bank of America began coverage on New York Times in a report on Wednesday. They set a "neutral" rating and a $84.00 price objective for the company. Finally, Guggenheim set a $63.00 price objective on New York Times and gave the company a "neutral" rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $72.50.

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.

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