Simmons Bank continued to hold its position in shares of Time Warner Inc. (NYSE:TWX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,288 shares of the media conglomerate’s stock at the close of the 2nd quarter. Simmons Bank’s holdings in Time Warner were worth $230,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Time Warner by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after purchasing an additional 1,116,818 shares during the period. BlackRock Inc. boosted its holdings in Time Warner by 4.0% in the 2nd quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after purchasing an additional 1,696,681 shares during the period. State Street Corp boosted its holdings in Time Warner by 2.1% in the 1st quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock valued at $3,199,990,000 after purchasing an additional 688,860 shares during the period. Franklin Resources Inc. boosted its holdings in Time Warner by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after purchasing an additional 51,596 shares during the period. Finally, FMR LLC boosted its holdings in Time Warner by 0.6% in the 1st quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock valued at $1,165,905,000 after purchasing an additional 68,625 shares during the period. 79.19% of the stock is owned by institutional investors and hedge funds.
Shares of Time Warner Inc. (NYSE TWX) traded down 0.69% on Friday, hitting $100.75. 679,949 shares of the stock traded hands. Time Warner Inc. has a 1-year low of $78.80 and a 1-year high of $103.90. The stock has a market cap of $78.36 billion, a PE ratio of 18.69 and a beta of 1.02. The stock has a 50 day moving average of $102.07 and a 200-day moving average of $100.32.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that Time Warner Inc. will post $6.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s dividend payout ratio is currently 29.98%.
A number of equities analysts have recently issued reports on the stock. Jefferies Group LLC restated a “hold” rating and issued a $105.00 price objective on shares of Time Warner in a research note on Wednesday. Cowen and Company restated a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a research note on Thursday. Needham & Company LLC restated a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective for the company. in a research note on Monday, August 7th. Finally, Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $102.91.
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.
Receive News & Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.