Stellar Capital Management LLC raised its holdings in shares of Time Warner Inc (NYSE:TWX) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,425 shares of the media conglomerate’s stock after buying an additional 2,806 shares during the quarter. Time Warner comprises about 2.1% of Stellar Capital Management LLC’s holdings, making the stock its 15th largest position. Stellar Capital Management LLC’s holdings in Time Warner were worth $3,149,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the stock. Abrams Capital Management L.P. purchased a new position in shares of Time Warner in the 4th quarter worth about $272,639,000. Cowen Inc. boosted its holdings in shares of Time Warner by 833.4% in the 3rd quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after purchasing an additional 2,300,205 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Time Warner by 57.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,407,088 shares of the media conglomerate’s stock worth $494,586,000 after purchasing an additional 1,962,423 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Time Warner by 49.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,240,057 shares of the media conglomerate’s stock worth $331,940,000 after purchasing an additional 1,068,229 shares in the last quarter. Finally, Columbus Hill Capital Management L.P. boosted its holdings in Time Warner by 288.9% during the 4th quarter. Columbus Hill Capital Management L.P. now owns 994,948 shares of the media conglomerate’s stock valued at $91,008,000 after acquiring an additional 739,090 shares during the period. Institutional investors and hedge funds own 80.89% of the company’s stock.
Shares of Time Warner Inc (NYSE:TWX) traded up $0.23 during trading hours on Wednesday, hitting $96.40. The stock had a trading volume of 3,730,000 shares, compared to its average volume of 5,320,000. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The company has a market cap of $75,180.00, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91.
Time Warner (NYSE:TWX) last issued its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating the consensus estimate of $1.44 by $0.16. The business had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. analysts forecast that Time Warner Inc will post 7.67 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on TWX shares. ValuEngine cut Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Time Warner from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. B. Riley restated a “hold” rating and set a $101.00 target price on shares of Time Warner in a report on Tuesday, November 21st. Pivotal Research restated a “buy” rating and set a $108.00 target price (up from $103.00) on shares of Time Warner in a report on Tuesday, January 9th. Finally, raised Time Warner from a “hold” rating to a “buy” rating and upped their price target for the company from $102.00 to $103.00 in a research report on Wednesday, November 15th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $104.36.
In related news, insider Olaf Olafsson sold 23,450 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Deborah C. Wright sold 4,019 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $93.61, for a total value of $376,218.59. Following the completion of the transaction, the director now directly owns 27,785 shares in the company, valued at $2,600,953.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,488 shares of company stock worth $2,878,069. Company insiders own 0.16% of the company’s stock.
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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.
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