Chevy Chase Trust Holdings Inc. cut its holdings in shares of Time Warner Inc (NYSE:TWX) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 684,977 shares of the media conglomerate’s stock after selling 10,846 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Time Warner worth $62,655,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its position in shares of Time Warner by 63.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,180 shares of the media conglomerate’s stock valued at $2,120,000 after buying an additional 9,035 shares during the last quarter. Clark Estates Inc. NY boosted its position in shares of Time Warner by 111.1% during the fourth quarter. Clark Estates Inc. NY now owns 57,000 shares of the media conglomerate’s stock valued at $5,214,000 after buying an additional 30,000 shares during the last quarter. Addison Capital Co purchased a new stake in shares of Time Warner during the fourth quarter valued at $341,000. Tealwood Asset Management Inc. boosted its position in shares of Time Warner by 4.2% during the fourth quarter. Tealwood Asset Management Inc. now owns 21,372 shares of the media conglomerate’s stock valued at $1,955,000 after buying an additional 852 shares during the last quarter. Finally, Personal Capital Advisors Corp purchased a new stake in shares of Time Warner during the fourth quarter valued at $264,000. 77.69% of the stock is currently owned by institutional investors.
TWX has been the topic of several recent analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $99.00 price objective on shares of Time Warner in a research report on Friday, November 10th. Rosenblatt Securities raised Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Monday, November 13th. Pivotal Research raised Time Warner from a “hold” rating to a “buy” rating and raised their target price for the stock from $102.00 to $103.00 in a research report on Monday, November 13th. raised Time Warner from a “hold” rating to a “buy” rating and raised their target price for the stock from $102.00 to $103.00 in a research report on Wednesday, November 15th. Finally, Guggenheim reissued a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. One 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of $105.13.
In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of Time Warner stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the sale, the chief executive officer now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of Time Warner stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.
Time Warner Inc (NYSE TWX) traded up $0.37 during midday trading on Monday, hitting $93.73. The stock had a trading volume of 295,936 shares, compared to its average volume of 4,650,408. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. Time Warner Inc has a 1 year low of $85.88 and a 1 year high of $103.90. The company has a market capitalization of $72,550.00, a P/E ratio of 17.82, a P/E/G ratio of 1.41 and a beta of 0.95.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping the consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter last year, the company earned $1.83 earnings per share. 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 EPS for the current fiscal year.
The business also recently disclosed 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. This represents a $1.61 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, January 9th. 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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