Gotham Asset Management LLC Grows Holdings in Time Warner Inc. (TWX)

Gotham Asset Management LLC raised its stake in Time Warner Inc. (NYSE:TWX) by 26.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 369,533 shares of the media conglomerate’s stock after buying an additional 77,837 shares during the period. Gotham Asset Management LLC’s holdings in Time Warner were worth $37,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC raised its holdings in shares of Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after purchasing an additional 20 shares in the last quarter. Bellwether Investment Group LLC raised its holdings in shares of Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after purchasing an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Time Warner by 9.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after purchasing an additional 100 shares in the last quarter. Harfst & Associates Inc. raised its holdings in shares of Time Warner by 31.6% in the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after purchasing an additional 288 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Time Warner in the 2nd quarter valued at about $127,000. 79.19% of the stock is owned by institutional investors.

Shares of Time Warner Inc. (TWX) opened at 103.35 on Wednesday. The company’s 50-day moving average is $102.03 and its 200 day moving average is $100.29. Time Warner Inc. has a 52-week low of $78.32 and a 52-week high of $103.90. The firm has a market capitalization of $80.39 billion, a PE ratio of 19.17 and a beta of 1.02.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.

The company also recently announced 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. This represents a $1.61 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, October 6th. Time Warner’s payout ratio is 29.98%.

Several research firms have recently commented on TWX. Needham & Company LLC restated a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. Jefferies Group LLC restated a “hold” rating and issued a $105.00 price target (up previously from $102.42) on shares of Time Warner in a report on Sunday, July 30th. Evercore ISI lowered shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a report on Monday, August 7th. Zacks Investment Research lowered shares of Time Warner from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Cowen and Company restated a “hold” rating and issued a $107.50 price target on shares of Time Warner in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have issued a buy rating to the company. Time Warner currently has a consensus rating of “Hold” and an average target price of $102.91.

ILLEGAL ACTIVITY NOTICE: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of t

Other institutional investors also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC raised its holdings in shares of Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after purchasing an additional 20 shares in the last quarter. Bellwether Investment Group LLC raised its holdings in shares of Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after purchasing an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Time Warner by 9.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after purchasing an additional 100 shares in the last quarter. Harfst & Associates Inc. raised its holdings in shares of Time Warner by 31.6% in the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after purchasing an additional 288 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Time Warner in the 2nd quarter valued at about $127,000. 79.19% of the stock is owned by institutional investors.

Shares of Time Warner Inc. (TWX) opened at 103.35 on Wednesday. The company’s 50-day moving average is $102.03 and its 200 day moving average is $100.29. Time Warner Inc. has a 52-week low of $78.32 and a 52-week high of $103.90. The firm has a market capitalization of $80.39 billion, a PE ratio of 19.17 and a beta of 1.02.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.

The company also recently announced 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. This represents a $1.61 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, October 6th. Time Warner’s payout ratio is 29.98%.

Several research firms have recently commented on TWX. Needham & Company LLC restated a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. Jefferies Group LLC restated a “hold” rating and issued a $105.00 price target (up previously from $102.42) on shares of Time Warner in a report on Sunday, July 30th. Evercore ISI lowered shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a report on Monday, August 7th. Zacks Investment Research lowered shares of Time Warner from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Cowen and Company restated a “hold” rating and issued a $107.50 price target on shares of Time Warner in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have issued a buy rating to the company. Time Warner currently has a consensus rating of “Hold” and an average target price of $102.91.

ILLEGAL ACTIVITY NOTICE: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/gotham-asset-management-llc-grows-holdings-in-time-warner-inc-twx.html.

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.

Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc. (NYSE:TWX).

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

Receive News & Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply