IFC Holdings Incorporated FL boosted its stake in Time Warner Inc. (NYSE:TWX) by 5.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 25,592 shares of the media conglomerate’s stock after acquiring an additional 1,417 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Time Warner were worth $2,624,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Time Warner by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after acquiring an additional 1,116,818 shares during the period. BlackRock Inc. boosted its stake in Time Warner by 4.0% during the 2nd quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after purchasing an additional 1,696,681 shares during the last quarter. State Street Corp boosted its stake in Time Warner by 2.1% during the 1st quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after purchasing an additional 688,860 shares during the last quarter. Franklin Resources Inc. boosted its stake in Time Warner by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after purchasing an additional 51,596 shares during the last quarter. Finally, FMR LLC boosted its stake in Time Warner by 0.6% during the 1st quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock worth $1,165,905,000 after purchasing an additional 68,625 shares during the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Time Warner Inc. (NYSE TWX) traded down $2.11 during trading on Tuesday, hitting $88.49. The stock had a trading volume of 12,820,500 shares, compared to its average volume of 4,523,078. Time Warner Inc. has a 1-year low of $86.38 and a 1-year high of $103.90. The firm has a market capitalization of $68,900.00, a P/E ratio of 14.95, a PEG ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. The firm had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 earnings per share. analysts forecast that Time Warner Inc. will post 6.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is 30.61%.
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TWX has been the topic of several recent research reports. BidaskClub cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $102.00 target price on shares of Time Warner in a research note on Friday, October 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Wednesday, September 13th. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a research note on Tuesday, October 17th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $107.50 target price on shares of Time Warner in a research note on Thursday, August 3rd. Twenty-two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $103.71.
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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