Carnick & Kubik Group LLC Takes $1.78 Million Position in Time Warner Inc (TWX)

Carnick & Kubik Group LLC bought a new position in shares of Time Warner Inc (NYSE:TWX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,429 shares of the media conglomerate’s stock, valued at approximately $1,777,000.

Several other institutional investors have also recently bought and sold shares of the business. Advisory Services Network LLC raised its holdings in shares of Time Warner by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after purchasing an additional 26 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Time Warner by 1.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock worth $2,882,000 after purchasing an additional 544 shares during the period. Fragasso Group Inc. raised its holdings in shares of Time Warner by 4.5% in the 3rd quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock worth $1,363,000 after purchasing an additional 573 shares during the period. Summit X LLC raised its holdings in shares of Time Warner by 23.5% in the 4th quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock worth $278,000 after purchasing an additional 575 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Time Warner by 6.2% in the 3rd quarter. Fisher Asset Management LLC now owns 10,792 shares of the media conglomerate’s stock worth $1,106,000 after purchasing an additional 626 shares during the period. 76.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the stock. Pivotal Research reaffirmed a “buy” rating and issued a $108.00 price target on shares of Time Warner in a report on Thursday, February 1st. ValuEngine cut shares of Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays lifted their price target on shares of Time Warner from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Tuesday, February 6th. Finally, Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Time Warner presently has a consensus rating of “Hold” and a consensus target price of $104.36.

Time Warner Inc (NYSE TWX) opened at $94.31 on Wednesday. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90. The firm has a market cap 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. 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 (NYSE:TWX) last released its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $1.25 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. equities analysts predict that Time Warner Inc will post 7.56 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid 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 29.65%.

In other news, Director William P. Barr sold 4,019 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $97.20, for a total transaction of $390,646.80. Following the completion of the transaction, the director now directly owns 44,959 shares in the company, valued at approximately $4,370,014.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction on 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. Insiders sold a total of 360,966 shares of company stock valued at $32,745,250 over the last quarter. 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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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