Westwood Holdings Group Inc. lessened its stake in shares of Time Warner Inc. (NYSE:TWX) by 98.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,070 shares of the media conglomerate’s stock after selling 538,227 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Time Warner were worth $1,111,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of TWX. Jacobi Capital Management LLC grew its stake in shares of Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares during the last quarter. Bellwether Investment Group LLC grew its stake in shares of Time Warner by 15.6% during the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Time Warner by 4.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after buying an additional 44 shares during the last quarter. Harfst & Associates Inc. grew its stake in shares of Time Warner by 31.6% during the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after buying an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Time Warner during the second quarter worth $127,000. 79.16% of the stock is currently owned by hedge funds and other institutional investors.
TWX has been the topic of a number of research reports. BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Thursday, July 13th. Barclays PLC cut shares of Time Warner from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $95.00 to $107.00 in a research note on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $105.00 target price (up previously from $102.42) on shares of Time Warner in a research note on Sunday, July 30th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, twenty-eight have issued a hold rating and six have issued a buy rating to the company’s stock. Time Warner has an average rating of “Hold” and a consensus target price of $102.81.
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Time Warner Inc. (NYSE TWX) traded up 0.71% during midday trading on Monday, hitting $101.66. 546,950 shares of the stock traded hands. The stock has a market capitalization of $79.07 billion, a P/E ratio of 18.86 and a beta of 1.02. The stock’s 50-day moving average price is $102.08 and its 200-day moving average price is $100.39. Time Warner Inc. has a 52 week low of $78.80 and a 52 week high of $103.90.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the company posted $1.29 EPS. Time Warner’s revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Time Warner Inc. will post $6.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be given a dividend of $0.4025 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.60%. Time Warner’s dividend payout ratio (DPR) is currently 29.98%.
Time Warner Company Profile
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.
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