Time Warner Inc (TWX) Stake Lifted by Creative Planning

Creative Planning raised its position in Time Warner Inc (NYSE:TWX) by 22.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 71,500 shares of the media conglomerate’s stock after purchasing an additional 13,278 shares during the period. Creative Planning’s holdings in Time Warner were worth $6,540,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Beach Investment Management LLC. acquired a new stake in shares of Time Warner during the 2nd quarter worth about $3,859,000. Quinn Opportunity Partners LLC grew its position in Time Warner by 7.6% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 284,100 shares of the media conglomerate’s stock valued at $28,526,000 after acquiring an additional 20,000 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of Time Warner by 8.9% in the 2nd quarter. Glassman Wealth Services now owns 3,126 shares of the media conglomerate’s stock valued at $314,000 after buying an additional 256 shares during the period. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Time Warner by 10.3% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 6,316 shares of the media conglomerate’s stock valued at $634,000 after buying an additional 592 shares during the period. Finally, IFM Investors Pty Ltd purchased a new position in shares of Time Warner in the 2nd quarter valued at about $2,129,000. Institutional investors own 77.82% of the company’s stock.

In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction dated 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. Insiders own 0.16% of the company’s stock.

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

Time Warner Inc (NYSE:TWX) opened at $92.97 on Friday. Time Warner Inc has a 12 month low of $85.88 and a 12 month high of $103.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. The stock has a market capitalization of $72,390.00, a PE ratio of 17.67, a P/E/G ratio of 1.39 and a beta of 0.95.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders 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 yield of 1.73%. The ex-dividend date is Tuesday, January 9th. Time Warner’s dividend payout ratio is 30.61%.

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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.

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

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