Creative Planning lifted its holdings in Time Warner Inc (NYSE:TWX) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,500 shares of the media conglomerate’s stock after buying an additional 13,278 shares during the period. Creative Planning’s holdings in Time Warner were worth $6,540,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Time Warner by 2.3% in the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after buying an additional 1,116,818 shares during the last quarter. BlackRock Inc. increased its stake in Time Warner by 4.0% during the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after acquiring an additional 1,696,681 shares during the period. Franklin Resources Inc. increased its stake in Time Warner by 0.4% during the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after acquiring an additional 51,596 shares during the period. Farallon Capital Management LLC increased its stake in Time Warner by 37.3% during the second quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock valued at $700,862,000 after acquiring an additional 1,895,000 shares during the period. Finally, Independent Franchise Partners LLP grew its stake in shares of Time Warner by 2.8% in the 3rd quarter. Independent Franchise Partners LLP now owns 6,765,645 shares of the media conglomerate’s stock valued at $693,140,000 after purchasing an additional 186,323 shares during the period. 77.82% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of Time Warner stock in a transaction dated 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 approximately $77,589,601.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of Time Warner stock in a transaction dated 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. Corporate insiders own 0.16% of the company’s stock.
Several research analysts have recently commented on TWX shares. Cowen reissued a “hold” rating and issued a $107.50 target price on shares of Time Warner in a report on Thursday, October 12th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $98.00 price objective (up previously from $84.00) on shares of Time Warner in a report on Thursday, January 4th. B. Riley reiterated a “neutral” rating and set a $101.00 target price (down previously from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Deutsche Bank reiterated a “buy” rating and set a $99.00 target price on shares of Time Warner in a research report on Friday, November 10th. Finally, Pivotal Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and upped their price objective for the company from $102.00 to $103.00 in a research report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $105.13.
Shares of Time Warner Inc (TWX) opened at $92.97 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. The firm has a market cap of $72,390.00, a P/E ratio of 17.67, a P/E/G ratio of 1.39 and a beta of 0.95. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. analysts forecast that Time Warner Inc will post 6.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given 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 1.73%. Time Warner’s payout ratio is currently 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.
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