AMP Capital Investors Ltd boosted its holdings in shares of Time Warner Inc (NYSE:TWX) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 431,923 shares of the media conglomerate’s stock after buying an additional 7,762 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.06% of Time Warner worth $44,251,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jacobi Capital Management LLC raised its stake in Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after purchasing an additional 20 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Time Warner by 4.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after acquiring an additional 44 shares during the period. Harfst & Associates Inc. increased its stake in Time Warner by 31.6% in the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after buying an additional 288 shares during the period. Captrust Financial Advisors purchased a new position in Time Warner in the 2nd quarter worth about $127,000. Finally, Motco purchased a new position in Time Warner in the 2nd quarter worth about $129,000. Institutional investors own 77.83% of the company’s stock.
Several research firms recently commented on TWX. Cowen reaffirmed a “hold” rating and issued a $107.50 price target on shares of Time Warner in a research note on Thursday, October 12th. Wells Fargo & Co reiterated a “market perform” rating and set a $84.00 target price (down from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. Credit Suisse Group cut shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a report on Monday, September 18th. B. Riley restated a “neutral” rating and issued a $101.00 price target (down from $105.00) on shares of Time Warner in a report on Friday, November 3rd. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Time Warner in a research report on Friday, November 10th. Twenty-two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $104.33.
Shares of Time Warner Inc (NYSE:TWX) traded down $0.14 during trading hours on Friday, reaching $91.47. 2,649,803 shares of the company’s stock were exchanged, compared to its average volume of 5,066,910. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90. The stock has a market capitalization of $71,326.91, a price-to-earnings ratio of 17.46, a PEG ratio of 1.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same period in the previous year, the company posted $1.83 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. equities analysts forecast that Time Warner Inc will post 6.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Tuesday, January 9th. Time Warner’s dividend payout ratio is presently 30.73%.
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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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