Narwhal Capital Management lifted its position in shares of Time Warner Inc (NYSE:TWX) by 53.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 31,925 shares of the media conglomerate’s stock after buying an additional 11,160 shares during the period. Narwhal Capital Management’s holdings in Time Warner were worth $2,925,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Aureus Asset Management LLC increased its position in shares of Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after acquiring an additional 25 shares in the last quarter. Advisory Services Network LLC grew its holdings in 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 in the last quarter. GWM Advisors LLC grew its holdings in Time Warner by 1.8% during the 2nd quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock valued at $292,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Time Warner by 2.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,896 shares of the media conglomerate’s stock valued at $291,000 after purchasing an additional 71 shares in the last quarter. Finally, Veritable L.P. grew its holdings in Time Warner by 0.4% during the 2nd quarter. Veritable L.P. now owns 29,473 shares of the media conglomerate’s stock valued at $2,959,000 after purchasing an additional 126 shares in the last quarter. 76.85% of the stock is currently owned by institutional investors and hedge funds.
TWX has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Time Warner from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Rosenblatt Securities upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Monday, November 13th. Guggenheim restated a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Deutsche Bank reiterated a “buy” rating and issued a $99.00 price objective on shares of Time Warner in a research report on Friday, November 10th. Finally, Cowen reiterated a “hold” rating and issued a $102.00 price objective on shares of Time Warner in a research report on Friday, October 27th. Sixteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $104.36.
Shares of Time Warner Inc (NYSE:TWX) traded up $0.21 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 company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90. The firm has a market capitalization of $73,590.00, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $8.41 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Time Warner’s revenue was up 9.1% compared to the same quarter last year. equities research analysts anticipate that Time Warner Inc will post 7.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is presently 29.65%.
In other news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 855,925 shares in the company, 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, Director Deborah C. Wright sold 4,019 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the transaction, the director now owns 27,785 shares in the company, valued at approximately $2,600,953.85. The disclosure for this sale can be found here. Insiders sold a total of 360,966 shares of company stock worth $32,745,250 in the last three months. Insiders own 0.16% of the company’s stock.
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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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