Fayez Sarofim & Co Decreases Position in Time Warner (TWX)

Fayez Sarofim & Co cut its holdings in Time Warner (NYSE:TWX) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 204,546 shares of the media conglomerate’s stock after selling 680 shares during the quarter. Fayez Sarofim & Co’s holdings in Time Warner were worth $19,345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lido Advisors LLC lifted its stake in Time Warner by 93.6% in the first quarter. Lido Advisors LLC now owns 7,102 shares of the media conglomerate’s stock valued at $671,000 after acquiring an additional 3,433 shares during the last quarter. Chicago Capital LLC acquired a new stake in Time Warner in the first quarter valued at approximately $269,000. Vaughan Nelson Investment Management L.P. lifted its stake in Time Warner by 0.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 817,510 shares of the media conglomerate’s stock valued at $77,320,000 after acquiring an additional 7,640 shares during the last quarter. BTC Capital Management Inc. lifted its stake in Time Warner by 13.0% in the first quarter. BTC Capital Management Inc. now owns 8,850 shares of the media conglomerate’s stock valued at $839,000 after acquiring an additional 1,017 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its stake in Time Warner by 19.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 82,284 shares of the media conglomerate’s stock valued at $7,783,000 after acquiring an additional 13,494 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.

Shares of Time Warner opened at $94.43 on Wednesday, MarketBeat.com reports. Time Warner has a 1 year low of $85.88 and a 1 year high of $103.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.17. The firm has a market cap of $74.12 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.76 and a beta of 0.87.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, April 26th. The media conglomerate reported $2.28 EPS for the quarter, beating the consensus estimate of $1.74 by $0.54. Time Warner had a return on equity of 19.99% and a net margin of 17.33%. The firm had revenue of $8 billion during the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the prior year, the business posted $1.66 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. analysts predict that Time Warner will post 8.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th were issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Monday, April 9th. This is a positive change from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio is currently 25.08%.

A number of research firms have issued reports on TWX. Moffett Nathanson upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Barrington Research reiterated a “buy” rating and issued a $110.00 target price on shares of Time Warner in a research note on Wednesday, May 2nd. Barclays lifted their target price on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, Pivotal Research cut shares of Time Warner from a “buy” rating to a “hold” rating and reduced their target price for the company from $108.00 to $105.00 in a research note on Tuesday, April 17th. Sixteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Time Warner presently has an average rating of “Hold” and a consensus price target of $104.19.

About Time Warner

Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.

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

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