LS Investment Advisors LLC raised its position in shares of Time Warner Inc. (NYSE:TWX) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,135 shares of the media conglomerate’s stock after buying an additional 185 shares during the period. LS Investment Advisors LLC’s holdings in Time Warner were worth $716,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TWX. Renaissance Technologies LLC bought a new stake in shares of Time Warner during the fourth quarter worth about $5,090,000. Wealthfront Inc. bought a new stake in shares of Time Warner during the fourth quarter worth about $1,925,000. USA Financial Portformulas Corp bought a new stake in shares of Time Warner during the fourth quarter worth about $3,874,000. Kentucky Retirement Systems bought a new stake in shares of Time Warner during the fourth quarter worth about $5,402,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Time Warner during the fourth quarter valued at $2,410,000. Institutional investors own 80.02% of the company’s stock.
Time Warner Inc. (TWX) opened at 101.90 on Friday. The company has a 50-day moving average price of $100.86 and a 200 day moving average price of $98.86. The company has a market cap of $79.26 billion, a PE ratio of 18.91 and a beta of 1.05. Time Warner Inc. has a 52 week low of $74.27 and a 52 week high of $103.34.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The company had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.29 EPS. On average, equities research analysts forecast that Time Warner Inc. will post $6.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.
A number of equities analysts recently weighed in on TWX shares. BidaskClub lowered Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research report on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $105.00 price objective on shares of Time Warner in a research report on Monday, May 22nd. Cowen and Company restated a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, August 3rd. Finally, Evercore ISI cut Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price for the company. in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $102.25.
In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of $99.67 per share, with a total value of $25,415.85. Following the acquisition, the chief financial officer now owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.
About Time Warner
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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