Financial Sense Advisors Inc. decreased its position in shares of Time Warner Inc (NYSE:TWX) by 56.6% during the 4th quarter, Holdings Channel reports. The fund owned 5,395 shares of the media conglomerate’s stock after selling 7,039 shares during the quarter. Financial Sense Advisors Inc.’s holdings in Time Warner were worth $494,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Cheyne Capital Management UK LLP boosted its stake in Time Warner by 29.9% during the 4th quarter. Cheyne Capital Management UK LLP now owns 263,513 shares of the media conglomerate’s stock worth $24,135,000 after acquiring an additional 60,600 shares during the last quarter. Whittier Trust Co. boosted its stake in Time Warner by 3.2% during the 3rd quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock worth $5,038,000 after acquiring an additional 1,513 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Time Warner by 10.7% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 373,956 shares of the media conglomerate’s stock worth $38,312,000 after acquiring an additional 36,200 shares during the last quarter. Swiss National Bank lifted its stake in Time Warner by 1.9% in the third quarter. Swiss National Bank now owns 3,052,408 shares of the media conglomerate’s stock valued at $312,719,000 after buying an additional 56,000 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Time Warner by 20.3% in the third quarter. Principal Financial Group Inc. now owns 1,894,880 shares of the media conglomerate’s stock valued at $194,130,000 after buying an additional 319,196 shares in the last quarter. 78.66% of the stock is currently owned by institutional investors and hedge funds.
In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William P. Barr sold 4,019 shares of the company’s stock in a transaction on 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 transaction, the director now owns 44,959 shares in the company, valued at $4,370,014.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 360,966 shares of company stock worth $32,745,250. 0.16% of the stock is owned by corporate insiders.
A number of brokerages have weighed in on TWX. Barclays lifted their price target on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Pivotal Research reaffirmed a “buy” rating and issued a $108.00 price target on shares of Time Warner in a research note on Thursday, February 1st. ValuEngine lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Tuesday, February 6th. Finally, Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Sixteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $104.36.
Time Warner Inc (NYSE:TWX) opened at $95.37 on Tuesday. The firm has a market cap of $74,388.60, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.28 and a beta of 0.94. Time Warner Inc has a fifty-two week low of $85.88 and a fifty-two week high of $103.90. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64.
Time Warner (NYSE:TWX) last issued its earnings results 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. The business had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. analysts anticipate that Time Warner Inc will post 7.56 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued 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 yield of 1.69%. Time Warner’s payout ratio is 24.32%.
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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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