Sentinel Trust Co. LBA lifted its position in shares of Time Warner Inc (NYSE:TWX) by 382.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,543 shares of the media conglomerate’s stock after buying an additional 7,565 shares during the period. Sentinel Trust Co. LBA’s holdings in Time Warner were worth $873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in TWX. Viking Global Investors LP acquired a new stake in shares of Time Warner during the 4th quarter worth approximately $420,390,000. Abrams Capital Management L.P. acquired a new stake in shares of Time Warner during the 4th quarter worth approximately $272,639,000. Cowen Inc. increased its holdings in shares of Time Warner by 833.4% during the 3rd quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after buying an additional 2,300,205 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of 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 worth $494,586,000 after buying an additional 1,962,423 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Time Warner by 13.9% in the 4th 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. Institutional investors and hedge funds own 80.89% of the company’s stock.
Several analysts recently weighed in on TWX shares. Loop Capital reiterated a “hold” rating and issued a $103.00 target price (up previously from $102.00) on shares of Time Warner in a report on Friday, November 17th. Barclays lifted their target price on shares of Time Warner from $92.00 to $107.00 and gave the company an “equal weight” rating in a report on Tuesday, November 21st. Wells Fargo & Co reiterated a “market perform” rating and issued a $84.00 target price (down previously from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. B. Riley reiterated a “hold” rating and issued a $101.00 target price on shares of Time Warner in a report on Tuesday, November 21st. Finally, Guggenheim reiterated a “buy” rating on shares of Time Warner in a report on Thursday, January 4th. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $104.61.
In other Time Warner news, Director William P. Barr sold 4,019 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $97.20, for a total value of $390,646.80. Following the completion of the transaction, the director now owns 44,959 shares of the company’s stock, valued at approximately $4,370,014.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.
Time Warner Inc (TWX) opened at $96.88 on Friday. 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 1 year low of $85.88 and a 1 year high of $103.90. The company has a market cap of $75,177.70, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating the Thomson Reuters’ 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 quarter last year, the company posted $1.25 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. equities research analysts forecast that Time Warner Inc will post 7.67 earnings per share for the current fiscal year.
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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