Usca Ria LLC Decreases Stake in Time Warner (TWX)

Usca Ria LLC decreased its position in Time Warner (NYSE:TWX) by 61.4% during the 1st quarter, Holdings Channel reports. The firm owned 18,452 shares of the media conglomerate’s stock after selling 29,407 shares during the period. Usca Ria LLC’s holdings in Time Warner were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of TWX. Viking Global Investors LP acquired a new position in shares of Time Warner in the fourth quarter valued at approximately $420,390,000. Canyon Capital Advisors LLC grew its position in shares of Time Warner by 60.1% in the fourth quarter. Canyon Capital Advisors LLC now owns 9,053,982 shares of the media conglomerate’s stock valued at $828,168,000 after purchasing an additional 3,398,928 shares during the last quarter. Abrams Capital Management L.P. acquired a new position in shares of Time Warner in the fourth quarter valued at approximately $272,639,000. Amundi Pioneer Asset Management Inc. grew its position in shares of Time Warner by 57.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,407,088 shares of the media conglomerate’s stock valued at $494,586,000 after purchasing an additional 1,962,423 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Time Warner by 13.9% in the fourth quarter. Franklin Resources Inc. now owns 13,882,043 shares of the media conglomerate’s stock valued at $1,269,791,000 after purchasing an additional 1,695,787 shares during the last quarter. 80.12% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on the company. Barclays upped their target price on Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Loop Capital began coverage on Time Warner in a research report on Thursday, March 15th. They set a “buy” rating and a $107.50 price target on the stock. Barrington Research reissued a “buy” rating on shares of Time Warner in a research report on Tuesday, April 17th. Pivotal Research reduced their price target on Time Warner from $105.00 to $101.00 and set a “hold” rating on the stock in a research report on Friday, April 27th. Finally, Moffett Nathanson raised Time Warner from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. 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 has an average rating of “Hold” and an average target price of $104.19.

Shares of TWX stock opened at $94.45 on Friday. The firm has a market capitalization of $72.66 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.73 and a beta of 0.87. Time Warner has a fifty-two week low of $85.88 and a fifty-two week high of $103.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.17.

Time Warner (NYSE:TWX) last issued its earnings results on Thursday, April 26th. The media conglomerate reported $2.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.54. The firm had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.93 billion. Time Warner had a return on equity of 19.99% and a net margin of 17.33%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.66 EPS. analysts forecast that Time Warner will post 8.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th were issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Monday, April 9th. This is an increase from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio (DPR) is currently 25.08%.

Time Warner Company Profile

Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.

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

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