GABELLI & Co INVESTMENT ADVISERS INC. Sells 2,400 Shares of Time Warner (TWX)

GABELLI & Co INVESTMENT ADVISERS INC. reduced its holdings in shares of Time Warner (NYSE:TWX) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 482,356 shares of the media conglomerate’s stock after selling 2,400 shares during the quarter. Time Warner makes up about 5.8% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 2nd largest position. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.06% of Time Warner worth $45,621,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TWX. Cheyne Capital Management UK LLP increased its position in Time Warner by 29.9% in the fourth quarter. Cheyne Capital Management UK LLP now owns 263,513 shares of the media conglomerate’s stock worth $24,135,000 after buying an additional 60,600 shares during the last quarter. First Trust Advisors LP increased its position in Time Warner by 26.5% in the fourth quarter. First Trust Advisors LP now owns 16,514 shares of the media conglomerate’s stock worth $1,511,000 after buying an additional 3,464 shares during the last quarter. Investors Research Corp purchased a new stake in Time Warner in the fourth quarter worth $378,000. Narwhal Capital Management increased its position in Time Warner by 53.7% in the fourth quarter. Narwhal Capital Management now owns 31,925 shares of the media conglomerate’s stock worth $2,925,000 after buying an additional 11,160 shares during the last quarter. Finally, Opera Trading Capital purchased a new stake in Time Warner in the fourth quarter worth $889,000. Institutional investors and hedge funds own 78.99% of the company’s stock.

NYSE:TWX opened at $94.74 on Tuesday. The firm has a market cap of $73.89 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.76 and a beta of 0.87. Time Warner has a 52-week low of $85.88 and a 52-week high of $103.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 1.01.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, April 26th. The media conglomerate reported $2.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.54. The company had revenue of $8 billion during the quarter, compared to analyst estimates of $7.93 billion. Time Warner had a return on equity of 19.99% and a net margin of 17.33%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.66 earnings per share. equities research analysts anticipate that Time Warner will post 8.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th were paid a dividend of $0.4025 per share. This is a positive change from Time Warner’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, April 9th. This represents a $1.61 annualized dividend and a yield of 1.70%. Time Warner’s dividend payout ratio (DPR) is currently 25.08%.

TWX has been the subject of a number of recent research reports. ValuEngine downgraded Time Warner from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays reissued a “hold” rating and issued a $98.00 target price on shares of Time Warner in a research report on Monday, April 30th. Zacks Investment Research downgraded Time Warner from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Pivotal Research cut Time Warner from a “buy” rating to a “hold” rating and reduced their price target for the company from $108.00 to $105.00 in a research report on Tuesday, April 17th. Finally, UBS upgraded Time Warner from a “neutral” rating to a “buy” rating and lifted their price target for the company from $95.26 to $108.00 in a research report on Monday, March 12th. Sixteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Time Warner currently has a consensus rating of “Hold” and an average target price of $104.19.

About Time Warner

Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.

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

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