Gulf International Bank UK Ltd Acquires 2,100 Shares of Time Warner Inc (TWX)

Gulf International Bank UK Ltd grew its holdings in Time Warner Inc (NYSE:TWX) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,977 shares of the media conglomerate’s stock after acquiring an additional 2,100 shares during the period. Gulf International Bank UK Ltd’s holdings in Time Warner were worth $22,408,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cowen Inc. boosted its holdings in Time Warner by 833.4% during the third 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 in the last quarter. Janus Henderson Group PLC boosted its holdings in Time Warner by 2,022.3% during the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after buying an additional 2,069,495 shares in the last quarter. Empyrean Capital Partners LP boosted its holdings in Time Warner by 93.1% during the second quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after buying an additional 2,052,932 shares in the last quarter. Farallon Capital Management LLC boosted its holdings in Time Warner by 37.3% during the second quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock worth $700,862,000 after buying an additional 1,895,000 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Time Warner by 4.0% during the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after buying an additional 1,696,681 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Time Warner from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Pivotal Research reaffirmed a “buy” rating and set a $108.00 price objective (up from $103.00) on shares of Time Warner in a report on Tuesday, January 9th. Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a report on Thursday, January 4th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $98.00 price objective (up from $84.00) on shares of Time Warner in a report on Thursday, January 4th. Finally, B. Riley reaffirmed a “hold” rating and set a $101.00 price objective on shares of Time Warner in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $105.13.

Shares of Time Warner Inc (NYSE:TWX) traded down $0.14 during midday trading on Wednesday, hitting $91.91. 3,971,800 shares of the stock were exchanged, compared to its average volume of 4,813,880. The firm has a market capitalization of $71,770.00, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.39 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 Inc has a 1-year low of $85.88 and a 1-year high of $103.90.

Time Warner (NYSE:TWX) last issued its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. The business had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.83 earnings per share. equities research analysts expect that Time Warner Inc will post 6.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is 30.61%.

In other news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the sale, the chief executive officer now owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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