Steward Partners Investment Advisory LLC grew its stake in Time Warner Inc (NYSE:TWX) by 63.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,180 shares of the media conglomerate’s stock after acquiring an additional 9,035 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Time Warner were worth $2,120,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TWX. Bank of Nova Scotia Trust Co. acquired a new stake in Time Warner in the third quarter valued at approximately $102,000. Americafirst Capital Management LLC purchased a new position in shares of Time Warner in the third quarter worth $106,000. Zions Bancorporation raised its holdings in shares of Time Warner by 698.6% during the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock worth $117,000 after purchasing an additional 999 shares during the last quarter. Harfst & Associates Inc. raised its holdings in shares of Time Warner by 31.6% during the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after purchasing an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Time Warner during the second quarter worth $127,000. Hedge funds and other institutional investors own 76.85% of the company’s stock.
In other Time Warner news, Director Deborah C. Wright sold 4,019 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $93.61, for a total transaction of $376,218.59. Following the completion of the transaction, the director now owns 27,785 shares in the company, valued at approximately $2,600,953.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of the business’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 transaction of $2,111,203.50. The disclosure for this sale can be found here. Insiders have sold a total of 360,966 shares of company stock valued at $32,745,250 in the last quarter. 0.16% of the stock is currently owned by company insiders.
Time Warner Inc (NYSE:TWX) traded up $0.18 during trading on Wednesday, hitting $94.52. 3,200,000 shares of the stock were exchanged, compared to its average volume of 5,320,000. The stock has a market cap of $73,590.00, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90. 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 results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The business had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the previous year, the firm earned $1.25 EPS. The business’s revenue was up 9.1% on a year-over-year basis. equities research analysts forecast that Time Warner Inc will post 7.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, January 9th. Time Warner’s payout ratio is currently 29.65%.
Several research analysts recently issued reports on TWX shares. raised shares of 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 report on Wednesday, November 15th. Pivotal Research raised shares of 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 report on Monday, November 13th. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Monday, November 13th. Deutsche Bank reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Time Warner in a report on Friday, November 10th. Finally, Guggenheim reiterated a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Sixteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $104.36.
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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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