State Treasurer State of Michigan Has $43.32 Million Holdings in Time Warner Inc. (TWX)

State Treasurer State of Michigan cut its holdings in Time Warner Inc. (NYSE:TWX) by 20.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 422,827 shares of the media conglomerate’s stock after selling 111,700 shares during the period. State Treasurer State of Michigan owned about 0.05% of Time Warner worth $43,319,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Legal & General Group Plc raised its stake in Time Warner by 2.6% in the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock valued at $397,891,000 after buying an additional 99,059 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in Time Warner in the second quarter valued at $33,886,000. Blair William & Co. IL raised its stake in Time Warner by 27.9% in the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock valued at $3,728,000 after buying an additional 8,096 shares in the last quarter. State of Wisconsin Investment Board raised its stake in Time Warner by 1.3% in the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock valued at $90,137,000 after buying an additional 11,740 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Time Warner by 18.3% in the first quarter. Lazard Asset Management LLC now owns 292,795 shares of the media conglomerate’s stock valued at $28,608,000 after buying an additional 45,243 shares in the last quarter. Institutional investors own 79.16% of the company’s stock.

Shares of Time Warner Inc. (NYSE:TWX) traded up 0.07% during midday trading on Monday, hitting $101.90. The stock had a trading volume of 1,774,032 shares. The company has a market cap of $79.26 billion, a P/E ratio of 18.91 and a beta of 1.02. The firm has a 50 day moving average of $102.09 and a 200-day moving average of $100.49. Time Warner Inc. has a one year low of $83.31 and a one year high of $103.90.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the 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 net margin of 14.10% and a return on equity of 19.14%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. On average, analysts forecast that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.

TRADEMARK VIOLATION NOTICE: “State Treasurer State of Michigan Has $43.32 Million Holdings in Time Warner Inc. (TWX)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/23/state-treasurer-state-of-michigan-has-43-32-million-holdings-in-time-warner-inc-twx.html.

A number of analysts have weighed in on the company. Cowen and Company restated a “hold” rating and issued a $107.50 price target on shares of Time Warner in a research note on Thursday, October 12th. Jefferies Group LLC cut Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, August 3rd. Credit Suisse Group cut Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a research note on Monday, September 18th. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 target price on shares of T

Other institutional investors have also bought and sold shares of the company. Legal & General Group Plc raised its stake in Time Warner by 2.6% in the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock valued at $397,891,000 after buying an additional 99,059 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in Time Warner in the second quarter valued at $33,886,000. Blair William & Co. IL raised its stake in Time Warner by 27.9% in the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock valued at $3,728,000 after buying an additional 8,096 shares in the last quarter. State of Wisconsin Investment Board raised its stake in Time Warner by 1.3% in the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock valued at $90,137,000 after buying an additional 11,740 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Time Warner by 18.3% in the first quarter. Lazard Asset Management LLC now owns 292,795 shares of the media conglomerate’s stock valued at $28,608,000 after buying an additional 45,243 shares in the last quarter. Institutional investors own 79.16% of the company’s stock.

Shares of Time Warner Inc. (NYSE:TWX) traded up 0.07% during midday trading on Monday, hitting $101.90. The stock had a trading volume of 1,774,032 shares. The company has a market cap of $79.26 billion, a P/E ratio of 18.91 and a beta of 1.02. The firm has a 50 day moving average of $102.09 and a 200-day moving average of $100.49. Time Warner Inc. has a one year low of $83.31 and a one year high of $103.90.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the 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 net margin of 14.10% and a return on equity of 19.14%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. On average, analysts forecast that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.

TRADEMARK VIOLATION NOTICE: “State Treasurer State of Michigan Has $43.32 Million Holdings in Time Warner Inc. (TWX)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/23/state-treasurer-state-of-michigan-has-43-32-million-holdings-in-time-warner-inc-twx.html.

A number of analysts have weighed in on the company. Cowen and Company restated a “hold” rating and issued a $107.50 price target on shares of Time Warner in a research note on Thursday, October 12th. Jefferies Group LLC cut Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, August 3rd. Credit Suisse Group cut Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a research note on Monday, September 18th. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target 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.

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

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