Oak Ridge Investments LLC cut its holdings in Time Warner Inc. (NYSE:TWX) by 47.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,971 shares of the media conglomerate’s stock after selling 12,711 shares during the period. Oak Ridge Investments LLC’s holdings in Time Warner were worth $1,431,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TWX. BlackRock Inc. boosted its holdings in Time Warner by 2,169.2% in the 1st quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after buying an additional 40,940,053 shares during the period. Canyon Capital Advisors LLC boosted its holdings in Time Warner by 397.0% in the 1st quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock worth $556,541,000 after buying an additional 4,549,848 shares during the period. OZ Management LP boosted its holdings in Time Warner by 98.2% in the 1st quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock worth $610,049,000 after buying an additional 3,093,353 shares during the period. Renaissance Technologies LLC boosted its holdings in Time Warner by 4,979.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock worth $261,700,000 after buying an additional 2,625,600 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Time Warner by 2,022.3% in the 2nd quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after buying an additional 2,069,495 shares during the period. 78.46% of the stock is owned by institutional investors.
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Several research analysts recently commented on the stock. raised shares of Time Warner from a “hold” rating to a “buy” rating and raised their price objective for the stock from $102.00 to $103.00 in a report on Wednesday. BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Loop Capital reaffirmed a “hold” rating and issued a $103.00 price objective (up from $102.00) on shares of Time Warner in a report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Finally, Jefferies Group LLC cut shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Thursday, August 3rd. Twenty-two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $103.73.
Shares of Time Warner Inc. (NYSE:TWX) traded up $0.71 during trading hours on Friday, reaching $88.72. 8,317,526 shares of the company were exchanged, compared to its average volume of 4,655,094. The stock has a market cap of $68,850.00, a PE ratio of 14.44, a PEG ratio of 1.38 and a beta of 0.98. Time Warner Inc. has a one year low of $85.88 and a one year high of $103.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48.
Time Warner (NYSE:TWX) last issued its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 EPS. equities research analysts predict that Time Warner Inc. will post 6.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is presently 30.61%.
Time Warner 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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