Linden Advisors LP bought a new position in Time Warner Inc (NYSE:TWX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 108,288 shares of the media conglomerate’s stock, valued at approximately $9,905,000.
A number of other institutional investors have also recently modified their holdings of TWX. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Time Warner by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock valued at $2,882,000 after purchasing an additional 544 shares during the last quarter. Fragasso Group Inc. increased its position in shares of Time Warner by 4.5% during the third quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock worth $1,363,000 after acquiring an additional 573 shares during the period. Summit X LLC increased its position in shares of 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 acquiring an additional 575 shares during the period. HL Financial Services LLC increased its position in shares of Time Warner by 18.6% during the fourth quarter. HL Financial Services LLC now owns 4,002 shares of the media conglomerate’s stock worth $366,000 after acquiring an additional 628 shares during the period. Finally, ZWJ Investment Counsel Inc. increased its position in shares of Time Warner by 18.6% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 4,310 shares of the media conglomerate’s stock worth $394,000 after acquiring an additional 677 shares during the period. 80.89% of the stock is owned by institutional investors.
In other news, Director Deborah C. Wright sold 4,019 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $93.61, for a total value of $376,218.59. Following the completion of the transaction, the director now owns 27,785 shares in the company, valued at approximately $2,600,953.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were 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 ninety days, insiders have sold 31,488 shares of company stock worth $2,878,069. 0.16% of the stock is owned by insiders.
Time Warner Inc (TWX) traded up $0.23 during trading on Wednesday, hitting $96.40. 3,730,000 shares of the stock were exchanged, compared to its average volume of 5,320,000. The stock has a market cap of $75,180.00, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.51 and a beta of 0.93. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90. 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 (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 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 firm had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the prior year, the firm earned $1.25 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. equities research analysts forecast that Time Warner Inc will post 7.67 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Wells Fargo & Co reiterated a “market perform” rating and set a $84.00 price objective (down from $100.00) on shares of Time Warner in a research note on Tuesday, November 21st. Barclays increased their price objective 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. Pivotal Research restated a “buy” rating and issued a $108.00 target price on shares of Time Warner in a research note on Thursday, February 1st. Finally, upgraded shares of Time Warner from a “hold” rating to a “buy” rating and raised their target price for the company from $102.00 to $103.00 in a research note on Wednesday, November 15th. Fifteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $104.36.
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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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