Time Warner Inc (NYSE:TWX) Director Sells $390,646.80 in Stock

Time Warner Inc (NYSE:TWX) Director William P. Barr sold 4,019 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $97.20, for a total transaction of $390,646.80. Following the completion of the sale, the director now owns 44,959 shares of the company’s stock, valued at approximately $4,370,014.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Time Warner Inc (NYSE:TWX) remained flat at $$94.52 during mid-day trading on Thursday. 834,743 shares of the company traded hands, compared to its average volume of 5,250,000. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. Time Warner Inc has a 52 week low of $85.88 and a 52 week high of $103.90. The company has a market capitalization of $73,590.00, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.27 and a beta of 0.94.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The business had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same period last year, the company posted $1.25 EPS. The company’s revenue was up 9.1% on a year-over-year basis. analysts anticipate that Time Warner Inc will post 7.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.4025 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.70%. Time Warner’s dividend payout ratio (DPR) is 29.65%.

A number of brokerages recently commented on TWX. Pivotal Research restated a “buy” rating and issued a $108.00 price objective on shares of Time Warner in a research report on Thursday, February 1st. ValuEngine downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays raised their price objective on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Tuesday, February 6th. Finally, Moffett Nathanson upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $104.36.

Several institutional investors and hedge funds have recently modified their holdings of TWX. Teachers Advisors LLC increased its stake in shares of Time Warner by 4.8% during the 2nd quarter. Teachers Advisors LLC now owns 1,492,444 shares of the media conglomerate’s stock worth $2,783,000 after purchasing an additional 68,934 shares in the last quarter. Zurich Insurance Group Ltd FI grew its stake in Time Warner by 2.8% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 109,064 shares of the media conglomerate’s stock worth $10,951,000 after acquiring an additional 2,946 shares during the period. GLG Partners LP purchased a new stake in Time Warner in the 2nd quarter worth approximately $29,423,000. Tyrus Capital S.A.M. purchased a new stake in Time Warner in the 2nd quarter worth approximately $20,082,000. Finally, Halcyon Management Partners LP grew its stake in Time Warner by 48.9% in the 2nd quarter. Halcyon Management Partners LP now owns 286,068 shares of the media conglomerate’s stock worth $28,724,000 after acquiring an additional 94,002 shares during the period. 76.85% of the stock is owned by institutional investors and hedge funds.

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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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