Koshinski Asset Management Inc. increased its holdings in shares of Time Warner Inc (NYSE:TWX) by 54.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,876 shares of the media conglomerate’s stock after buying an additional 2,077 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Time Warner were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TWX. Cowen Inc. lifted its position in Time Warner by 833.4% during the third quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after buying an additional 2,300,205 shares during the period. Janus Henderson Group PLC lifted its position in Time Warner by 2,022.3% during the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after buying an additional 2,069,495 shares during the period. Empyrean Capital Partners LP lifted its position in Time Warner by 93.1% during the second quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after buying an additional 2,052,932 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 worth $700,862,000 after acquiring an additional 1,895,000 shares during the last quarter. Finally, 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 worth $4,470,656,000 after acquiring an additional 1,696,681 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.
Several equities research analysts have commented on the company. Cowen restated a “hold” rating and set a $107.50 price target on shares of Time Warner in a research note on Thursday, October 12th. Wells Fargo & Co restated a “market perform” rating and set a $98.00 price target (up from $84.00) on shares of Time Warner in a research note on Thursday, January 4th. B. Riley restated a “neutral” rating and set a $101.00 price target (down from $105.00) on shares of Time Warner in a research note on Friday, November 3rd. Deutsche Bank restated a “buy” rating and set a $99.00 price target on shares of Time Warner in a research note on Friday, November 10th. Finally, Pivotal Research upgraded Time Warner from a “hold” rating to a “buy” rating and upped their price target for the stock from $102.00 to $103.00 in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the stock. Time Warner has an average rating of “Hold” and a consensus target price of $105.13.
In related news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $90.65, for a total value 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 disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.
Shares of Time Warner Inc (TWX) opened at $93.36 on Friday. 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 Inc has a 12 month low of $85.88 and a 12 month high of $103.90. The stock has a market capitalization of $72,690.00, a PE ratio of 17.75, a PEG ratio of 1.39 and a beta of 0.95.
Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same quarter last year, the firm earned $1.83 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. analysts expect that Time Warner Inc will post 6.2 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.4025 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.72%. Time Warner’s dividend payout ratio (DPR) is currently 30.61%.
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Time Warner 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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