Calamos Advisors LLC Raises Stake in Time Warner Inc. (TWX)

Calamos Advisors LLC grew its position in Time Warner Inc. (NYSE:TWX) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,530 shares of the media conglomerate’s stock after buying an additional 1,092 shares during the quarter. Calamos Advisors LLC’s holdings in Time Warner were worth $11,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IHT Wealth Management LLC grew its stake in Time Warner by 98.0% during the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock worth $335,000 after purchasing an additional 400 shares in the last quarter. Jacobi Capital Management LLC grew its stake in Time Warner by 2.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after purchasing an additional 20 shares in the last quarter. Bellwether Investment Group LLC grew its stake in Time Warner by 15.6% during the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after purchasing an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Time Warner by 4.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after purchasing an additional 44 shares in the last quarter. Finally, Harfst & Associates Inc. grew its stake in Time Warner by 31.6% during the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after purchasing an additional 288 shares in the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

Time Warner Inc. (NYSE:TWX) traded down 0.24% during mid-day trading on Tuesday, reaching $98.25. The company’s stock had a trading volume of 546,190 shares. Time Warner Inc. has a 12 month low of $85.22 and a 12 month high of $103.90. The firm has a market capitalization of $76.42 billion, a PE ratio of 18.23 and a beta of 1.02. The stock’s 50-day moving average is $101.82 and its 200-day moving average is $100.56.

Time Warner (NYSE:TWX) last issued its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same quarter last year, the company posted $1.83 earnings per share. Time Warner’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that Time Warner Inc. will post $6.13 EPS for the current year.

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. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.63%. Time Warner’s dividend payout ratio is currently 30.73%.

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TWX has been the subject of several analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $108.00 target price 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. Credit Suisse Group cut Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a research note on Monday, September 18th. Sanford C. Bernstein reissued a “market perform” rating on shares of Time Warner in a research note on Tuesday, September 12th. 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-three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $105.05.

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

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