Time Warner Inc (TWX) Shares Sold by Jones Collombin Investment Counsel Inc

Jones Collombin Investment Counsel Inc cut its holdings in shares of Time Warner Inc (NYSE:TWX) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,950 shares of the media conglomerate’s stock after selling 2,240 shares during the quarter. Jones Collombin Investment Counsel Inc’s holdings in Time Warner were worth $4,112,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Beach Investment Management LLC. bought a new stake in shares of Time Warner during the second quarter valued at approximately $3,859,000. Schroder Investment Management Group increased its position in shares of Time Warner by 1,008.8% during the second quarter. Schroder Investment Management Group now owns 9,048 shares of the media conglomerate’s stock valued at $902,000 after purchasing an additional 8,232 shares during the period. Capital Fund Management S.A. increased its position in shares of Time Warner by 9.8% during the second quarter. Capital Fund Management S.A. now owns 39,810 shares of the media conglomerate’s stock valued at $3,997,000 after purchasing an additional 3,568 shares during the period. Dai Ichi Life Insurance Company Ltd increased its position in shares of Time Warner by 5.0% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 46,424 shares of the media conglomerate’s stock valued at $4,661,000 after purchasing an additional 2,230 shares during the period. Finally, Oak Ridge Investments LLC increased its position in shares of Time Warner by 10.5% during the second quarter. Oak Ridge Investments LLC now owns 26,682 shares of the media conglomerate’s stock valued at $2,679,000 after purchasing an additional 2,542 shares during the period. Institutional investors own 77.69% of the company’s stock.

Shares of Time Warner Inc (NYSE:TWX) traded up $0.39 during trading hours on Monday, reaching $93.36. The company’s stock had a trading volume of 5,456,200 shares, compared to its average volume of 4,650,408. Time Warner Inc has a 52-week low of $85.88 and a 52-week high of $103.90. The company has a market capitalization of $72,740.00, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. equities research analysts forecast that Time Warner Inc will post 6.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, January 9th. Time Warner’s payout ratio is presently 30.61%.

A number of analysts have recently issued reports on TWX shares. Royal Bank of Canada restated a “hold” rating and set a $102.00 price objective on shares of Time Warner in a research report on Friday, October 27th. Zacks Investment Research upgraded Time Warner from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. B. Riley restated a “hold” rating and set a $101.00 price objective on shares of Time Warner in a research report on Tuesday, November 21st. KeyCorp restated a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. Finally, Pivotal Research restated a “buy” rating and set a $108.00 price objective (up from $103.00) on shares of Time Warner in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $105.13.

In other news, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the sale, the chief executive officer now owns 855,925 shares in the company, valued at $77,589,601.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

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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.

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

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