Stellar Capital Management LLC lifted its position in Time Warner Inc (NYSE:TWX) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,425 shares of the media conglomerate’s stock after purchasing an additional 2,806 shares during the quarter. Time Warner accounts for about 2.1% of Stellar Capital Management LLC’s holdings, making the stock its 15th largest holding. Stellar Capital Management LLC’s holdings in Time Warner were worth $3,149,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Time Warner by 1.3% in the 4th quarter. BlackRock Inc. now owns 45,517,104 shares of the media conglomerate’s stock worth $4,163,450,000 after purchasing an additional 564,977 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Time Warner by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 8,137,119 shares of the media conglomerate’s stock valued at $742,723,000 after acquiring an additional 260,054 shares during the period. Independent Franchise Partners LLP boosted its holdings in Time Warner by 1.7% during the 4th quarter. Independent Franchise Partners LLP now owns 6,878,075 shares of the media conglomerate’s stock valued at $629,137,000 after acquiring an additional 112,430 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in Time Warner by 57.0% during the 4th 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, Boston Partners raised its position 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 purchasing an additional 46,309 shares during the last quarter. Hedge funds and other institutional investors own 80.89% of the company’s stock.
Shares of Time Warner Inc (NYSE TWX) traded up $0.23 during trading hours on Wednesday, hitting $96.40. The stock had a trading volume of 3,730,000 shares, compared to its average volume of 5,320,000. 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 12-month low of $85.88 and a 12-month high of $103.90. The company has a market cap of $75,180.00, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.51 and a beta of 0.93.
Time Warner (NYSE:TWX) last issued its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating 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%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. analysts forecast that Time Warner Inc will post 7.67 earnings per share for the current fiscal year.
A number of research analysts have commented on the company. Barclays set a $100.00 price target on Time Warner and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Wells Fargo & Co reaffirmed a “market perform” rating and set a $98.00 price target (up previously from $84.00) on shares of Time Warner in a research report on Thursday, January 4th. Loop Capital reaffirmed a “hold” rating and set a $103.00 price target (up previously from $102.00) on shares of Time Warner in a research report on Friday, November 17th. Pivotal Research reaffirmed a “buy” rating and set a $108.00 price target on shares of Time Warner in a research report on Thursday, February 1st. Finally, Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $104.36.
In related news, Director Deborah C. Wright sold 4,019 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $93.61, for a total value of $376,218.59. Following the transaction, the director now directly owns 27,785 shares of the company’s stock, valued at approximately $2,600,953.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,488 shares of company stock worth $2,878,069. Company insiders own 0.16% of the company’s stock.
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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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