Advisor Group Inc. Has $2.71 Million Stake in Time Warner Inc (NYSE:TWX)

Advisor Group Inc. trimmed its position in shares of Time Warner Inc (NYSE:TWX) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,656 shares of the media conglomerate’s stock after selling 4,374 shares during the period. Advisor Group Inc.’s holdings in Time Warner were worth $2,712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Nova Scotia Trust Co. bought a new position in Time Warner during the third quarter valued at about $102,000. Americafirst Capital Management LLC bought a new position in Time Warner during the third quarter valued at about $106,000. Zions Bancorporation increased its stake in Time Warner by 698.6% during the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after acquiring an additional 999 shares during the period. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in Time Warner during the fourth quarter valued at about $131,000. Finally, Highland Private Wealth Management bought a new position in Time Warner during the third quarter valued at about $202,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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In other Time Warner news, Director Deborah C. Wright sold 4,019 shares of the company’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 of the company’s stock, valued at approximately $2,600,953.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

Shares of TWX traded down $0.87 on Friday, hitting $95.52. The company’s stock had a trading volume of 12,035,313 shares, compared to its average volume of 5,245,349. The company has a market capitalization of $75,169.89, a P/E ratio of 14.88, a PEG ratio of 1.50 and a beta of 0.88. 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 fifty-two week low of $85.88 and a fifty-two week high of $103.90.

Time Warner (NYSE:TWX) last announced its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, topping the consensus estimate of $1.44 by $0.16. The business had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. Time Warner’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. sell-side analysts anticipate that Time Warner Inc will post 7.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be issued a dividend of $0.4025 per share. This is an increase from Time Warner’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, April 9th. This represents a $1.61 annualized dividend and a yield of 1.69%. Time Warner’s dividend payout ratio is currently 25.08%.

Several equities research analysts have recently weighed in on the company. Barclays set a $100.00 price objective on Time Warner and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Loop Capital assumed coverage on Time Warner in a research note on Thursday, March 15th. They issued a “buy” rating and a $107.50 price objective on the stock. Wells Fargo reiterated a “market perform” rating and issued a $98.00 price objective (up from $84.00) on shares of Time Warner in a research note on Thursday, January 4th. Pivotal Research reiterated a “buy” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Thursday, February 1st. Finally, Guggenheim reiterated 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 issued a buy rating to the stock. Time Warner has a consensus rating of “Hold” and a consensus price target of $104.61.

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About Time Warner

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.

Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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