Wedbush Securities Inc. increased its position in Time Warner Inc (NYSE:TWX) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,957 shares of the media conglomerate’s stock after acquiring an additional 1,870 shares during the period. Wedbush Securities Inc.’s holdings in Time Warner were worth $1,094,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Time Warner by 1.3% during the 4th quarter. BlackRock Inc. now owns 45,517,104 shares of the media conglomerate’s stock valued at $4,163,450,000 after buying an additional 564,977 shares during the period. Independent Franchise Partners LLP increased its stake in Time Warner by 2.8% during the 3rd quarter. Independent Franchise Partners LLP now owns 6,765,645 shares of the media conglomerate’s stock valued at $693,140,000 after buying an additional 186,323 shares during the period. Boston Partners increased its stake in Time Warner by 0.9% during the 4th quarter. Boston Partners now owns 5,140,335 shares of the media conglomerate’s stock valued at $470,187,000 after buying an additional 46,309 shares during the period. Legal & General Group Plc increased its stake in Time Warner by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 4,044,883 shares of the media conglomerate’s stock valued at $414,386,000 after buying an additional 82,127 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Time Warner by 49.2% during the 3rd quarter. Janus Henderson Group PLC now owns 3,240,057 shares of the media conglomerate’s stock valued at $331,940,000 after buying an additional 1,068,229 shares during the period. 78.66% of the stock is currently owned by institutional investors and hedge funds.
In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the transaction, the chief executive officer now directly owns 855,925 shares in the company, valued at $77,589,601.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 360,966 shares of company stock valued at $32,745,250. Corporate insiders own 0.16% of the company’s stock.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Tuesday, February 6th. Barclays raised their target price on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. ValuEngine cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Pivotal Research reissued a “buy” rating and set a $108.00 target price on shares of Time Warner in a research note on Thursday, February 1st. Finally, Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Time Warner currently has an average rating of “Hold” and an average target price of $104.36.
Time Warner Inc (TWX) opened at $95.57 on Tuesday. The stock has a market cap of $74,388.60, a P/E ratio of 14.41, a PEG ratio of 1.28 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. Time Warner Inc has a 52 week low of $85.88 and a 52 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. 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 during the quarter, compared to analysts’ expectations of $8.41 billion. During the same period last year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. research analysts expect that Time Warner Inc will post 7.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s payout ratio is 24.32%.
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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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