Havens Advisors LLC Lowers Position in Time Warner Inc (TWX)

Havens Advisors LLC decreased its stake in shares of Time Warner Inc (NYSE:TWX) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,300 shares of the media conglomerate’s stock after selling 48,000 shares during the period. Time Warner comprises 7.7% of Havens Advisors LLC’s portfolio, making the stock its 7th largest holding. Havens Advisors LLC’s holdings in Time Warner were worth $10,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Cowen Inc. raised its position in Time Warner by 833.4% in the third quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after acquiring an additional 2,300,205 shares during the period. Janus Henderson Group PLC raised its position in Time Warner by 2,022.3% in the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after acquiring an additional 2,069,495 shares during the period. Empyrean Capital Partners LP raised its position in Time Warner by 93.1% in the second quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after acquiring an additional 2,052,932 shares during the period. Farallon Capital Management LLC raised its position in Time Warner by 37.3% in the second quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock worth $700,862,000 after acquiring an additional 1,895,000 shares during the period. Finally, BlackRock Inc. raised its position in Time Warner by 4.0% in the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after acquiring an additional 1,696,681 shares during the period. Institutional investors own 77.82% of the company’s stock.

Several research analysts have weighed in on TWX shares. Deutsche Bank reiterated a “buy” rating and issued a $99.00 price target on shares of Time Warner in a research report on Friday, November 10th. Loop Capital decreased their price target on shares of Time Warner from $107.50 to $102.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. Wells Fargo & Co reiterated a “market perform” rating and issued a $84.00 price target (down from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Cowen reiterated a “hold” rating and issued a $102.00 price target on shares of Time Warner in a research report on Friday, October 27th. Finally, Barclays increased their price target on shares of Time Warner from $92.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company’s stock. Time Warner currently has an average rating of “Hold” and a consensus price target of $105.13.

In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the transaction, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

Shares of Time Warner Inc (NYSE:TWX) traded down $0.14 during mid-day trading on Wednesday, hitting $91.91. 3,971,800 shares of the stock traded hands, compared to its average volume of 4,813,880. The company has a market cap of $71,770.00, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.

Time Warner (NYSE:TWX) last announced its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating the Thomson Reuters’ 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 18.57%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.83 EPS. equities analysts expect that Time Warner Inc will post 6.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.4025 per share. The ex-dividend date is Tuesday, January 9th. This represents a $1.61 annualized dividend and a yield of 1.75%. Time Warner’s payout ratio is 30.61%.

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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.

Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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