Yorkville Capital Management LLC acquired a new stake in shares of Time Warner Inc (NYSE:TWX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,000 shares of the media conglomerate’s stock, valued at approximately $366,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. purchased a new stake in Time Warner during the 3rd quarter valued at approximately $102,000. Americafirst Capital Management LLC purchased a new position in shares of Time Warner in the third quarter valued at $106,000. Zions Bancorporation grew its holdings in shares of Time Warner by 698.6% in the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares in the last quarter. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of Time Warner in the fourth quarter valued at $131,000. Finally, Highland Private Wealth Management purchased a new position in shares of Time Warner in the third quarter valued at $202,000. 80.77% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on TWX shares. ValuEngine lowered shares of Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Time Warner from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. B. Riley reaffirmed a “hold” rating and set a $101.00 price objective on shares of Time Warner in a research note on Tuesday, November 21st. Pivotal Research reaffirmed a “buy” rating and set a $108.00 price objective (up from $103.00) on shares of Time Warner in a research note on Tuesday, January 9th. Finally, UBS raised shares of Time Warner from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $95.26 to $108.00 in a research note on Monday, March 12th. Fourteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Time Warner presently has a consensus rating of “Hold” and an average price target of $104.61.
Shares of Time Warner Inc (NYSE TWX) traded down $0.43 during trading on Tuesday, reaching $94.62. 340,850 shares of the company’s stock were exchanged, compared to its average volume of 4,955,459. The company has a market capitalization of $75,084.11, a P/E ratio of 14.56, a PEG ratio of 1.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91. Time Warner Inc has a fifty-two week low of $85.88 and a fifty-two week high of $103.90.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. The business had revenue of $8.61 billion during 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 was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. equities research analysts predict that Time Warner Inc will post 7.67 EPS for the current year.
In other Time Warner news, Director Deborah C. Wright sold 4,019 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $93.61, for a total value of $376,218.59. Following the completion of the transaction, the director now directly owns 27,785 shares in the company, valued at $2,600,953.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.
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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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