Advantus Capital Management Inc raised its position in shares of Time Warner Inc. (NYSE:TWX) by 0.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,003 shares of the media conglomerate’s stock after buying an additional 423 shares during the period. Advantus Capital Management Inc’s holdings in Time Warner were worth $7,622,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. First Bank & Trust increased its position in shares of Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock valued at $332,000 after buying an additional 9 shares during the last quarter. Stillwater Investment Management LLC increased its position in Time Warner by 0.4% in the first quarter. Stillwater Investment Management LLC now owns 2,379 shares of the media conglomerate’s stock valued at $232,000 after buying an additional 10 shares in the last quarter. Integrated Wealth Management increased its position in Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock valued at $209,000 after buying an additional 17 shares in the last quarter. Carroll Financial Associates Inc. increased its position in Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares in the last quarter. Finally, Connecticut Wealth Management LLC increased its position in Time Warner by 0.8% in the first quarter. Connecticut Wealth Management LLC now owns 4,199 shares of the media conglomerate’s stock valued at $413,000 after buying an additional 33 shares in the last quarter. 79.86% of the stock is owned by hedge funds and other institutional investors.
Time Warner Inc. (TWX) traded up 0.05% during mid-day trading on Friday, reaching $99.47. The company had a trading volume of 2,266,135 shares. Time Warner Inc. has a 1-year low of $74.27 and a 1-year high of $102.45. The company has a market capitalization of $77.14 billion, a PE ratio of 18.98 and a beta of 1.05. The firm has a 50-day moving average of $99.73 and a 200 day moving average of $98.12.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.22. Time Warner had a return on equity of 19.45% and a net margin of 13.90%. The company had revenue of $7.74 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same period in the previous year, the business earned $1.49 EPS. Time Warner’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Time Warner Inc. will post $6.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be given a $0.4025 dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.62%. Time Warner’s dividend payout ratio (DPR) is presently 30.78%.
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A number of analysts have weighed in on TWX shares. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Rosenblatt Securities assumed coverage on Time Warner in a report on Tuesday, April 4th. They set a “neutral” rating and a $105.00 price target on the stock. Pivotal Research cut Time Warner from a “buy” rating to a “hold” rating and increased their price target for the stock from $100.00 to $107.50 in a report on Thursday, April 20th. BMO Capital Markets reiterated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Friday, May 19th. Finally, FBR & Co reiterated a “buy” rating and issued a $107.50 target price on shares of Time Warner in a report on Friday, April 7th. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $100.95.
In related news, CFO Howard M. Averill purchased 255 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the transaction, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.
About Time Warner
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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