APG Asset Management N.V. cut its position in shares of Time Warner Inc. (NYSE:TWX) by 12.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,670,882 shares of the media conglomerate’s stock after selling 392,854 shares during the period. APG Asset Management N.V. owned 0.34% of Time Warner worth $260,972,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC raised its stake in Time Warner by 0.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,415 shares of the media conglomerate’s stock valued at $137,000 after buying an additional 7 shares during the period. First Bank & Trust raised its stake in Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock valued at $332,000 after buying an additional 9 shares during the period. Stillwater Investment Management LLC raised its stake in Time Warner by 0.4% in the first quarter. Stillwater Investment Management LLC now owns 2,379 shares of the media conglomerate’s stock valued at $232,000 after buying an additional 10 shares during the period. Integrated Wealth Management raised its stake in Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock valued at $209,000 after buying an additional 17 shares during the period. Finally, Carroll Financial Associates Inc. raised its stake in Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares during the period. Institutional investors own 80.99% of the company’s stock.
Time Warner Inc. (NYSE TWX) traded down 0.38% on Tuesday, reaching $99.52. The company had a trading volume of 2,676,530 shares. The stock has a market capitalization of $77.18 billion, a P/E ratio of 18.99 and a beta of 1.09. The firm has a 50-day moving average of $98.80 and a 200-day moving average of $97.41. Time Warner Inc. has a 12 month low of $68.97 and a 12 month high of $100.60.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.22. Time Warner had a net margin of 13.90% and a return on equity of 19.45%. The firm had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same period in the previous year, the company posted $1.49 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts expect that Time Warner Inc. will post $6.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, May 26th. Time Warner’s payout ratio is 30.78%.
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Several analysts recently commented on TWX shares. Credit Suisse Group reaffirmed a “buy” rating and set a $108.00 target price on shares of Time Warner in a report on Wednesday, March 1st. Loop Capital lowered Time Warner from a “buy” rating to a “hold” rating and set a $107.50 price objective on the stock. in a report on Thursday, March 2nd. Rosenblatt Securities started coverage on Time Warner in a report on Tuesday, April 4th. They issued a “neutral” rating and a $105.00 price objective on the stock. FBR & Co reissued a “buy” rating and issued a $107.50 price objective on shares of Time Warner in a report on Friday, April 7th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a report on Monday, April 17th. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Time Warner currently has a consensus rating of “Hold” and a consensus target price of $100.50.
In other news, CFO Howard M. Averill acquired 255 shares of the stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the transaction, the chief financial officer now owns 63,399 shares in the company, valued at approximately $6,318,978.33. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.16% of the company’s stock.
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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