Vicus Capital lowered its stake in shares of Time Warner Inc. (NYSE:TWX) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,272 shares of the media conglomerate’s stock after selling 107 shares during the period. Vicus Capital’s holdings in Time Warner were worth $2,035,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bellwether Investment Group LLC increased its stake in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after buying an additional 100 shares in the last quarter. Carroll Financial Associates Inc. increased 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 worth $122,000 after buying an additional 33 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Time Warner during the first quarter worth approximately $138,000. Finally, Archford Capital Strategies LLC increased its stake in Time Warner by 43.5% in the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock worth $155,000 after buying an additional 481 shares in the last quarter. Institutional investors and hedge funds own 78.76% of the company’s stock.
Shares of Time Warner Inc. (TWX) opened at 101.19 on Friday. The stock’s 50 day moving average price is $101.16 and its 200-day moving average price is $99.06. Time Warner Inc. has a 52-week low of $74.27 and a 52-week high of $103.34. The firm has a market capitalization of $78.71 billion, a PE ratio of 18.77 and a beta of 1.05.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a dividend of $0.4025 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.61 annualized dividend and a yield of 1.59%. Time Warner’s dividend payout ratio is currently 29.98%.
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TWX has been the topic of several analyst reports. MKM Partners reissued a “neutral” rating and set a $107.50 price objective (up from $90.00) on shares of Time Warner in a research note on Monday, May 1st. Royal Bank Of Canada reissued a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research note on Friday, July 14th. BidaskClub cut Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Rosenblatt Securities reissued a “neutral” rating and issued a $105.00 price objective on shares of Time Warner in a research note on Wednesday, May 3rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $102.25.
In other news, CFO Howard M. Averill purchased 255 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average cost of $99.67 per share, with a total value of $25,415.85. Following the completion of the acquisition, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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