Cetera Investment Advisers purchased a new stake in Time Warner Inc. (NYSE:TWX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,705 shares of the media conglomerate’s stock, valued at approximately $472,000.
Other institutional investors also recently modified their holdings of the company. Legal & General Group Plc increased its holdings in shares of Time Warner by 2.6% in the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock valued at $397,891,000 after purchasing an additional 99,059 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Time Warner in the second quarter valued at approximately $33,886,000. Blair William & Co. IL increased its holdings in shares of Time Warner by 27.9% in the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock valued at $3,728,000 after purchasing an additional 8,096 shares in the last quarter. State of Wisconsin Investment Board increased its holdings in shares of Time Warner by 1.3% in the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock valued at $90,137,000 after purchasing an additional 11,740 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Time Warner by 18.3% in the first quarter. Lazard Asset Management LLC now owns 292,795 shares of the media conglomerate’s stock valued at $28,608,000 after purchasing an additional 45,243 shares in the last quarter. 79.11% of the stock is owned by institutional investors and hedge funds.
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Shares of Time Warner Inc. (NYSE:TWX) traded down 0.18% on Friday, reaching $98.79. 9,898,603 shares of the company were exchanged. The company’s 50 day moving average is $101.97 and its 200 day moving average is $100.54. The firm has a market capitalization of $76.84 billion, a PE ratio of 18.33 and a beta of 1.02. Time Warner Inc. has a 12-month low of $85.22 and a 12-month high of $103.90.
Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The firm had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.94%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 EPS. Analysts forecast that Time Warner Inc. will post $6.10 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s payout ratio is 30.73%.
A number of equities analysts have issued reports on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Time Warner in a research note on Wednesday, October 11th. Cowen and Company reaffirmed a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a research note on Thursday, October 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target on the stock. in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $105.05.
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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