Artemis Investment Management LLP decreased its holdings in shares of Time Warner Inc. (NYSE:TWX) by 54.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,018 shares of the media conglomerate’s stock after selling 186,583 shares during the period. Artemis Investment Management LLP’s holdings in Time Warner were worth $16,185,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. IHT Wealth Management LLC boosted its stake in Time Warner by 98.0% during the second quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after buying an additional 400 shares during the period. Jacobi Capital Management LLC boosted its stake in Time Warner by 2.1% during the second 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 period. Bellwether Investment Group LLC boosted its stake in Time Warner by 15.6% during the first 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 period. Patriot Financial Group Insurance Agency LLC boosted its stake in 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 valued at $116,000 after buying an additional 44 shares during the period. Finally, Harfst & Associates Inc. boosted its stake in Time Warner by 31.6% during the second 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 period. 79.21% of the stock is owned by institutional investors.
Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share 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 firm had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.70%. Time Warner’s dividend payout ratio is currently 30.73%.
Several brokerages have issued reports on TWX. Zacks Investment Research lowered Time Warner from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a report on Monday, September 18th. Morgan Stanley reiterated an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Sanford C. Bernstein restated a “market perform” rating on shares of Time Warner in a research note on Tuesday, September 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $105.00 price target on shares of Time Warner in a research note on Sunday, September 10th. Twenty-three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Time Warner presently has an average rating of “Hold” and an average price target of $104.90.
Time Warner 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.
Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc. (NYSE:TWX).
What are top analysts saying about Time Warner Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Time Warner Inc. and related companies.