Bessemer Group Inc. Sells 24,807 Shares of Time Warner Inc (TWX)

Bessemer Group Inc. reduced its position in shares of Time Warner Inc (NYSE:TWX) by 88.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,374 shares of the media conglomerate’s stock after selling 24,807 shares during the quarter. Bessemer Group Inc.’s holdings in Time Warner were worth $309,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its stake in shares of Time Warner by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after purchasing an additional 26 shares during the period. Fragasso Group Inc. grew its stake in shares of Time Warner by 4.5% during the 3rd quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock valued at $1,363,000 after purchasing an additional 573 shares during the period. Summit X LLC grew its stake in shares of Time Warner by 23.5% during the 4th quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock valued at $278,000 after purchasing an additional 575 shares during the period. Fisher Asset Management LLC grew its stake in shares of Time Warner by 6.2% during the 3rd quarter. Fisher Asset Management LLC now owns 10,792 shares of the media conglomerate’s stock valued at $1,106,000 after purchasing an additional 626 shares during the period. Finally, BTIM Corp. grew its stake in shares of Time Warner by 28.6% during the 4th quarter. BTIM Corp. now owns 3,150 shares of the media conglomerate’s stock valued at $288,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 76.85% of the company’s stock.

TWX has been the subject of a number of recent research reports. upgraded Time Warner from a “hold” rating to a “buy” rating and boosted their price target for the company from $102.00 to $103.00 in a research note on Wednesday, November 15th. Pivotal Research upgraded Time Warner from a “hold” rating to a “buy” rating and boosted their price target for the company from $102.00 to $103.00 in a research note on Monday, November 13th. Rosenblatt Securities upgraded Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Monday, November 13th. Deutsche Bank reiterated a “buy” rating and set a $99.00 price objective on shares of Time Warner in a research note on Friday, November 10th. Finally, Guggenheim reiterated a “buy” rating on shares of Time Warner in a research note on Thursday, January 4th. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $104.36.

In other news, Director Deborah C. Wright sold 4,019 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the sale, the director now directly owns 27,785 shares of the company’s stock, valued at approximately $2,600,953.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the sale, the chief executive officer now directly owns 855,925 shares in the company, valued at $77,589,601.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 360,966 shares of company stock worth $32,745,250. 0.16% of the stock is owned by insiders.

Time Warner Inc (NYSE TWX) opened at $94.31 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90. The company has a market capitalization of $73,430.00, a P/E ratio of 17.37, a P/E/G ratio of 1.24 and a beta of 0.94.

Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. The business had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. analysts anticipate that Time Warner Inc will post 7.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a $0.4025 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a yield of 1.71%. Time Warner’s dividend payout ratio is presently 29.65%.

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

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