Sound Point Capital Management LP bought a new position in Time Warner Inc (NYSE:TWX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 120,912 shares of the media conglomerate’s stock, valued at approximately $11,060,000. Time Warner accounts for about 2.2% of Sound Point Capital Management LP’s holdings, making the stock its 12th biggest holding.
Several other large investors have also added to or reduced their stakes in TWX. Northwestern Mutual Wealth Management Co. lifted its stake in Time Warner by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock valued at $2,882,000 after acquiring an additional 544 shares during the period. Fragasso Group Inc. lifted its stake in 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 acquiring an additional 573 shares during the period. Summit X LLC lifted its stake in 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 acquiring an additional 575 shares during the period. HL Financial Services LLC lifted its stake in Time Warner by 18.6% during the 4th quarter. HL Financial Services LLC now owns 4,002 shares of the media conglomerate’s stock valued at $366,000 after acquiring an additional 628 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its stake in Time Warner by 18.6% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 4,310 shares of the media conglomerate’s stock valued at $394,000 after acquiring an additional 677 shares during the period. 80.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Time Warner Inc (NYSE TWX) opened at $96.93 on Friday. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90. The company has a market cap of $75,177.70, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93. 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 (NYSE:TWX) last released its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, topping 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 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 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. equities analysts forecast that Time Warner Inc will post 7.67 earnings per share for the current year.
In other Time Warner news, Director Deborah C. Wright sold 4,019 shares of the firm’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 sale, 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 SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.
Several equities analysts have issued reports on TWX shares. Zacks Investment Research cut shares of Time Warner from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. Wells Fargo & Co restated a “market perform” rating and set a $84.00 target price (down previously from $100.00) on shares of Time Warner in a research note on Tuesday, November 21st. Pivotal Research restated a “buy” rating and set a $108.00 target price (up previously from $103.00) on shares of Time Warner in a research note on Tuesday, January 9th. Barclays upped their target price on shares of Time Warner from $92.00 to $107.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 21st. Finally, Guggenheim restated a “buy” rating on shares of Time Warner in a research note on Thursday, January 4th. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $104.61.
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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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