Gamco Investors INC. ET AL lessened its stake in shares of Time Warner Inc. (NYSE:TWX) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,076,938 shares of the media conglomerate’s stock after selling 347,999 shares during the quarter. Time Warner accounts for 1.3% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 6th biggest position. Gamco Investors INC. ET AL owned 0.27% of Time Warner worth $212,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the business. Stillwater Investment Management LLC lifted its stake in shares of Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after acquiring an additional 9 shares in the last quarter. Park National Corp OH increased its holdings in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in Time Warner by 2.1% in 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 last quarter. Aureus Asset Management LLC increased its holdings in Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after buying an additional 25 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after buying an additional 26 shares during the last quarter. Institutional investors own 79.11% of the company’s stock.
Time Warner Inc. (NYSE TWX) traded up $0.09 during mid-day trading on Monday, reaching $93.37. 1,915,142 shares of the company’s stock were exchanged, compared to its average volume of 6,710,000. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. Time Warner Inc. has a one year low of $85.22 and a one year high of $103.90. The company has a market capitalization of $72,690.00, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the prior year, the company earned $1.83 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts forecast that Time Warner Inc. will post 6.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, October 6th. Time Warner’s payout ratio is presently 30.61%.
Several analysts recently weighed in on TWX shares. BidaskClub lowered Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a report on Friday, July 14th. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 target price on shares of Time Warner in a report on Wednesday, September 13th. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $107.50 target price on shares of Time Warner in a report on Thursday, August 3rd. Twenty-three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $104.74.
ILLEGAL ACTIVITY NOTICE: “Gamco Investors INC. ET AL Trims Holdings in Time Warner Inc. (TWX)” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.com-unik.info/2017/11/06/gamco-investors-inc-et-al-trims-holdings-in-time-warner-inc-twx.html.
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.
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.