Bremer Trust National Association decreased its position in shares of Time Warner Inc. (NYSE:TWX) by 22.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,487 shares of the media conglomerate’s stock after selling 733 shares during the quarter. Bremer Trust National Association’s holdings in Time Warner were worth $255,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC grew its holdings in shares of Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after purchasing an additional 20 shares during the last quarter. Bellwether Investment Group LLC grew its holdings in shares of Time Warner by 15.6% during the first 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 during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Time Warner by 4.0% during the second 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 during the last quarter. Harfst & Associates Inc. grew its holdings in shares of Time Warner by 31.6% during the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after purchasing an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Time Warner during the second quarter worth about $127,000. 79.21% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on TWX. Royal Bank Of Canada reaffirmed a “hold” rating and set a $102.00 price objective on shares of Time Warner in a report on Friday, October 27th. BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and set a $102.00 price objective on shares of Time Warner in a report on Friday, October 27th. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Thursday, August 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $104.90.
Time Warner Inc. (NYSE TWX) traded up 0.47% during midday trading on Wednesday, hitting $98.75. 1,933,884 shares of the stock were exchanged. Time Warner Inc. has a 52 week low of $85.22 and a 52 week high of $103.90. The stock has a market cap of $76.81 billion, a price-to-earnings ratio of 18.32 and a beta of 1.02. The firm’s 50-day moving average is $101.76 and its 200 day moving average is $100.54.
Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating the 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 business had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same period in the prior year, the business earned $1.83 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that Time Warner Inc. will post $6.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, October 6th. Time Warner’s dividend payout ratio is presently 30.73%.
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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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