Thrivent Financial For Lutherans boosted its stake in Time Warner Inc (NYSE:TWX) by 121.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,632 shares of the media conglomerate’s stock after buying an additional 38,251 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Time Warner were worth $6,369,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. acquired a new position in Time Warner in the third quarter worth $102,000. Americafirst Capital Management LLC bought a new stake in shares of Time Warner during the third quarter worth $106,000. Zions Bancorporation raised its position 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 acquiring an additional 999 shares during the last quarter. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Time Warner during the fourth quarter worth $131,000. Finally, Highland Private Wealth Management bought a new stake in shares of Time Warner during the third quarter worth $202,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.
In other Time Warner news, 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 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.
NYSE:TWX opened at $95.52 on Friday. The company has a market capitalization of $74,795.56, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. The company had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.41 billion. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. equities research analysts predict that Time Warner Inc will post 7.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be paid a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, April 9th. This is a positive change from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio (DPR) is 25.08%.
A number of research firms have recently weighed in on TWX. Pivotal Research restated a “buy” rating and set a $108.00 target price on shares of Time Warner in a research report on Thursday, February 1st. ValuEngine downgraded Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Loop Capital started coverage on Time Warner in a report on Thursday, March 15th. They issued a “buy” rating and a $107.50 price objective for the company. Barclays upped their price objective on Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, UBS upgraded Time Warner from a “neutral” rating to a “buy” rating and upped their price objective for the company from $95.26 to $108.00 in a report on Monday, March 12th. Fourteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Time Warner has a consensus rating of “Hold” and an average target price of $104.61.
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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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