Exxonmobil Investment Management Inc. TX decreased its holdings in shares of Time Warner Inc (NYSE:TWX) by 12.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,800 shares of the media conglomerate’s stock after selling 18,238 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Time Warner were worth $11,324,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Athos Capital Ltd boosted its position in shares of Time Warner by 103.8% during the 3rd quarter. Athos Capital Ltd now owns 81,500 shares of the media conglomerate’s stock valued at $8,350,000 after purchasing an additional 41,500 shares in the last quarter. Atlantic Trust Group LLC boosted its position in shares of Time Warner by 2,880.3% during the 3rd quarter. Atlantic Trust Group LLC now owns 478,047 shares of the media conglomerate’s stock valued at $48,976,000 after purchasing an additional 462,007 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Time Warner by 4.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,971,536 shares of the media conglomerate’s stock valued at $201,984,000 after purchasing an additional 92,416 shares in the last quarter. AXA boosted its position in shares of Time Warner by 1.0% during the 3rd quarter. AXA now owns 181,882 shares of the media conglomerate’s stock valued at $18,634,000 after purchasing an additional 1,734 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Time Warner during the 3rd quarter valued at about $1,449,000. Institutional investors own 77.56% of the company’s stock.
Time Warner Inc (TWX) traded up $0.90 during mid-day trading on Wednesday, hitting $95.35. The stock had a trading volume of 5,675,291 shares, compared to its average volume of 4,720,000. Time Warner Inc has a 52 week low of $85.88 and a 52 week 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. The company has a market capitalization of $74,240.00, a price-to-earnings ratio of 18.13, a PEG ratio of 1.40 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 for the quarter, beating the Zacks’ 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 company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same quarter last year, the company earned $1.83 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. research 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 issued 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 1.69%. Time Warner’s dividend payout ratio is presently 30.61%.
TWX has been the topic of several research analyst reports. Jefferies Group restated a “hold” rating and set a $105.00 target price on shares of Time Warner in a research report on Wednesday, October 11th. Cowen restated a “hold” rating and set a $107.50 target price on shares of Time Warner in a research report on Thursday, October 12th. FBR & Co lowered Time Warner from a “buy” rating to a “neutral” rating and upped their target price for the company from $105.00 to $107.50 in a research report on Monday, October 16th. KeyCorp reiterated a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th. Finally, Zacks Investment Research lowered Time Warner from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $104.78.
In other news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction that occurred on 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 owns 855,925 shares in the company, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.
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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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