Engineers Gate Manager LP grew its position in Time Warner (NYSE:TWX) by 108.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,211 shares of the media conglomerate’s stock after purchasing an additional 7,928 shares during the period. Engineers Gate Manager LP’s holdings in Time Warner were worth $1,439,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Slow Capital Inc. acquired a new position in shares of Time Warner in the fourth quarter valued at about $113,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Time Warner in the fourth quarter valued at about $131,000. Centaurus Financial Inc. acquired a new position in shares of Time Warner in the first quarter valued at about $134,000. Certified Advisory Corp acquired a new position in shares of Time Warner in the first quarter valued at about $150,000. Finally, K.J. Harrison & Partners Inc acquired a new position in shares of Time Warner in the fourth quarter valued at about $229,000. 80.12% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on TWX. Barrington Research reissued a “buy” rating and issued a $110.00 price objective on shares of Time Warner in a report on Wednesday, May 2nd. Zacks Investment Research lowered Time Warner from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Barclays reaffirmed a “hold” rating and set a $98.00 target price on shares of Time Warner in a report on Monday, April 30th. Pivotal Research dropped their target price on Time Warner from $105.00 to $101.00 and set a “hold” rating on the stock in a report on Friday, April 27th. Finally, Loop Capital began coverage on Time Warner in a report on Thursday, March 15th. They set a “buy” rating and a $107.50 target price on the stock. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Time Warner currently has a consensus rating of “Hold” and a consensus target price of $104.19.
Shares of Time Warner opened at $94.45 on Friday, Marketbeat Ratings reports. The company has a market cap of $72.66 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.87. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62. Time Warner has a 12-month low of $85.88 and a 12-month high of $103.90.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, April 26th. The media conglomerate reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.54. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.93 billion. Time Warner had a return on equity of 19.99% and a net margin of 17.33%. Time Warner’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.66 earnings per share. research analysts predict that Time Warner will post 8.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Monday, April 9th. This represents a $1.61 dividend on an annualized basis and a yield of 1.70%. This is an increase from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio is currently 25.08%.
Time Warner Profile
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.
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