Valeo Financial Advisors LLC increased its stake in Time Warner Inc (NYSE:TWX) by 271.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,967 shares of the media conglomerate’s stock after buying an additional 9,475 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Time Warner were worth $1,186,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TWX. Advisory Services Network LLC lifted 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 during the last quarter. Intl Fcstone Inc. acquired a new stake in Time Warner during the 2nd quarter valued at $722,000. Balasa Dinverno & Foltz LLC acquired a new stake in Time Warner during the 3rd quarter valued at $610,000. Assenagon Asset Management S.A. acquired a new stake in Time Warner during the 3rd quarter valued at $1,497,000. Finally, M. Kraus & Co acquired a new stake in Time Warner during the 3rd quarter valued at $2,106,000. 78.66% of the stock is owned by institutional investors.
Shares of Time Warner Inc (NYSE TWX) opened at $95.37 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.91 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 firm has a market capitalization of $74,388.60, a price-to-earnings ratio of 14.88, a PEG ratio of 1.28 and a beta of 0.94.
Time Warner (NYSE:TWX) last issued 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. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter last year, the business earned $1.25 earnings per share. Time Warner’s revenue was up 9.1% on a year-over-year basis. research analysts forecast that Time Warner Inc will post 7.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Tuesday, January 9th. Time Warner’s payout ratio is currently 24.32%.
In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 855,925 shares in the company, valued at $77,589,601.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah C. Wright sold 4,019 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $93.61, for a total value 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 disclosure for this sale can be found here. Insiders sold 360,966 shares of company stock worth $32,745,250 in the last 90 days. 0.16% of the stock is owned by company insiders.
Several equities research analysts have issued reports on TWX shares. Zacks Investment Research downgraded Time Warner from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Rosenblatt Securities raised Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a report on Monday, November 13th. Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a report on Thursday, January 4th. Deutsche Bank reaffirmed a “buy” rating and set a $99.00 price target on shares of Time Warner in a report on Friday, November 10th. Finally, Cowen reaffirmed a “hold” rating and set a $102.00 price target on shares of Time Warner in a report on Friday, October 27th. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $104.36.
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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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