Liberty Mutual Group Asset Management Inc. lowered its position in shares of Time Warner Inc. (NYSE:TWX) by 24.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,843 shares of the media conglomerate’s stock after selling 13,880 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Time Warner were worth $4,186,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Bellwether Investment Group LLC boosted 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 in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares in the last quarter. Carroll Financial Associates Inc. boosted its stake in Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares in the last quarter. Advisory Services Network LLC bought a new stake in Time Warner during the first quarter valued at approximately $138,000. Finally, Asset Dedication LLC boosted its stake in Time Warner by 14.6% in the first quarter. Asset Dedication LLC now owns 1,729 shares of the media conglomerate’s stock valued at $169,000 after buying an additional 220 shares in the last quarter. 79.86% of the stock is owned by institutional investors and hedge funds.
Time Warner Inc. (TWX) opened at 99.47 on Monday. The stock has a market capitalization of $77.14 billion, a price-to-earnings ratio of 18.98 and a beta of 1.05. Time Warner Inc. has a 12-month low of $74.27 and a 12-month high of $102.45. The company has a 50-day moving average price of $99.73 and a 200-day moving average price of $98.12.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. Time Warner had a net margin of 13.90% and a return on equity of 19.45%. The firm had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same period in the prior year, the company earned $1.49 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that Time Warner Inc. will post $6.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be given a $0.4025 dividend. The ex-dividend date is Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.62%. Time Warner’s payout ratio is currently 30.78%.
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Several equities research analysts recently commented on the company. BidaskClub cut Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Friday, July 14th. Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, July 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $105.00 price target on shares of Time Warner in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $100.95.
In other news, CFO Howard M. Averill acquired 255 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was bought at an average cost of $99.67 per share, with a total value of $25,415.85. Following the transaction, the chief financial officer now directly owns 63,399 shares in the company, valued at approximately $6,318,978.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.16% of the company’s stock.
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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