IHT Wealth Management LLC lifted its stake in Time Warner Inc. (NYSE:TWX) by 98.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 808 shares of the media conglomerate’s stock after acquiring an additional 400 shares during the period. IHT Wealth Management LLC’s holdings in Time Warner were worth $335,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TWX. Jacobi Capital Management LLC grew its holdings in Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares during the last quarter. Bellwether Investment Group LLC grew its holdings in Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Time Warner by 4.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after buying an additional 44 shares during the last quarter. Harfst & Associates Inc. grew its holdings in Time Warner by 31.6% in the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after buying an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Time Warner in the 2nd quarter valued at approximately $127,000. 79.19% of the stock is currently owned by hedge funds and other institutional investors.
Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, October 6th. Time Warner’s dividend payout ratio is presently 29.98%.
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TWX has been the topic of a number of research analyst reports. BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $105.00 target price (up previously from $102.42) on shares of Time Warner in a report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $102.91.
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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