Platinum Investment Management Ltd. maintained its position in Time Warner Inc. (NYSE:TWX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,421 shares of the media conglomerate’s stock at the close of the 2nd quarter. Platinum Investment Management Ltd.’s holdings in Time Warner were worth $745,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its holdings in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after purchasing an additional 20 shares during the period. Bellwether Investment Group LLC lifted its stake in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in 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 buying an additional 44 shares during the last quarter. Harfst & Associates Inc. lifted its stake in Time Warner by 31.6% in the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after buying an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Time Warner in the second quarter valued at $127,000. 79.19% of the stock is owned by institutional investors and hedge funds.
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Shares of Time Warner Inc. (TWX) traded up 0.13% during trading on Friday, hitting $101.58. The stock had a trading volume of 1,447,978 shares. The stock has a market capitalization of $79.01 billion, a price-to-earnings ratio of 18.85 and a beta of 1.02. The stock has a 50 day moving average price of $102.07 and a 200-day moving average price of $100.32. Time Warner Inc. has a one year low of $78.80 and a one year high of $103.90.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. On average, equities research analysts predict that Time Warner Inc. will post $6.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.4025 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.59%. Time Warner’s payout ratio is 29.98%.
TWX has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Thursday, July 13th. Barclays PLC cut shares of Time Warner from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $95.00 to $107.00 in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $105.00 price target (up from $102.42) on shares of Time Warner in a research report on Sunday, July 30th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have given a buy rating to the company’s stock. Time Warner presently has a consensus rating of “Hold” and a consensus target price of $102.91.
Time Warner Company 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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