Hall Laurie J Trustee decreased its stake in shares of Time Warner (NYSE:TWX) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,625 shares of the media conglomerate’s stock after selling 4,535 shares during the quarter. Time Warner comprises 3.0% of Hall Laurie J Trustee’s holdings, making the stock its 7th biggest position. Hall Laurie J Trustee’s holdings in Time Warner were worth $4,883,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. Schwab Charles Investment Management Inc. boosted its holdings in Time Warner by 4.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,886,170 shares of the media conglomerate’s stock worth $263,998,000 after buying an additional 111,634 shares in the last quarter. Strs Ohio boosted its holdings in Time Warner by 12.5% during the fourth quarter. Strs Ohio now owns 499,573 shares of the media conglomerate’s stock worth $45,695,000 after buying an additional 55,543 shares in the last quarter. Summit X LLC boosted its holdings in Time Warner by 23.5% during the fourth quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock worth $278,000 after buying an additional 575 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Time Warner during the fourth quarter worth $277,000. Finally, Pratt Collard Advisory Partners LLC purchased a new stake in Time Warner during the fourth quarter worth $1,525,000. Institutional investors and hedge funds own 78.99% of the company’s stock.
A number of equities analysts have weighed in on TWX shares. ValuEngine cut shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Barclays restated a “hold” rating and set a $98.00 price objective on shares of Time Warner in a research report on Monday, April 30th. Pivotal Research cut shares of Time Warner from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $108.00 to $105.00 in a research report on Tuesday, April 17th. Finally, UBS upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $95.26 to $108.00 in a research report on Monday, March 12th. Sixteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $104.19.
Time Warner opened at $94.00 on Thursday, MarketBeat.com reports. Time Warner has a 12-month low of $85.88 and a 12-month high of $103.90. The stock has a market cap of $73.87 billion, a P/E ratio of 14.64, a PEG ratio of 1.76 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 0.62.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, April 26th. The media conglomerate reported $2.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.54. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. The firm had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.93 billion. During the same period last year, the business earned $1.66 earnings per share. Time Warner’s revenue was up 3.4% compared to the same quarter last year. equities research analysts predict that Time Warner will post 8.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th were given a dividend of $0.4025 per share. This is a boost from Time Warner’s previous quarterly dividend of $0.32. This represents a $1.61 annualized dividend and a yield of 1.71%. The ex-dividend date was Monday, April 9th. Time Warner’s dividend payout ratio (DPR) is presently 25.08%.
About Time Warner
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.
Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner (NYSE:TWX).
Receive News & Ratings for Time Warner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner and related companies with MarketBeat.com's FREE daily email newsletter.