Paulson & CO. Inc. cut its holdings in Time Warner Inc. (NYSE:TWX) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,986,455 shares of the media conglomerate’s stock after selling 37,545 shares during the period. Time Warner accounts for 4.1% of Paulson & CO. Inc.’s portfolio, making the stock its 8th largest holding. Paulson & CO. Inc. owned 0.38% of Time Warner worth $299,870,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TWX. Waldron LP raised its position in Time Warner by 137.7% in the first quarter. Waldron LP now owns 5,340 shares of the media conglomerate’s stock worth $508,000 after acquiring an additional 3,093 shares during the period. Assetmark Inc. increased its stake in shares of Time Warner by 10.0% in the first quarter. Assetmark Inc. now owns 2,628 shares of the media conglomerate’s stock worth $257,000 after purchasing an additional 239 shares in the last quarter. Rational Advisors LLC purchased a new stake in shares of Time Warner in the first quarter worth $850,000. Conservest Capital Advisors Inc. purchased a new stake in shares of Time Warner in the first quarter worth $765,000. Finally, Compton Capital Management Inc. RI increased its stake in shares of Time Warner by 0.9% in the first quarter. Compton Capital Management Inc. RI now owns 11,484 shares of the media conglomerate’s stock worth $1,122,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 79.11% of the company’s stock.
Time Warner Inc. (NYSE:TWX) traded up 0.30% during midday trading on Friday, hitting $99.27. 3,923,073 shares of the stock traded hands. Time Warner Inc. has a 52-week low of $85.22 and a 52-week high of $103.90. The firm has a market cap of $77.21 billion, a PE ratio of 18.42 and a beta of 1.02. The stock has a 50-day moving average of $101.97 and a 200 day moving average of $100.54.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same period in the prior year, the company posted $1.83 EPS. Time Warner’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts forecast that Time Warner Inc. will post $6.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s payout ratio is 29.98%.
A number of analysts have recently issued reports on the stock. ValuEngine cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Wednesday, October 18th. Zacks Investment Research cut shares of Time Warner from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. KeyCorp reissued a “hold” rating on shares of Time Warner in a research note on Tuesday, October 17th. Finally, FBR & Co cut shares of Time Warner from a “buy” rating to a “neutral” rating and raised their target price for the company from $105.00 to $107.50 in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $105.63.
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About Time Warner
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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