Olaf Olafsson Sells 23,450 Shares of Time Warner Inc (TWX) Stock

Time Warner Inc (NYSE:TWX) insider Olaf Olafsson sold 23,450 shares of Time Warner stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Time Warner Inc (NYSE TWX) opened at $89.88 on Wednesday. Time Warner Inc has a 1-year low of $85.88 and a 1-year high of $103.90. The firm has a market capitalization of $70,275.80, a price-to-earnings ratio of 14.89, a PEG ratio of 1.43 and a beta of 0.95. 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 (NYSE:TWX) last released its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. 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 previous year, the firm posted $1.83 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities research analysts anticipate that Time Warner Inc will post 6.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, January 9th. Time Warner’s dividend payout ratio is currently 30.73%.

TWX has been the subject of several research reports. Deutsche Bank reaffirmed a “buy” rating and set a $99.00 price objective on shares of Time Warner in a report on Friday, November 10th. Rosenblatt Securities raised Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Monday, November 13th. Pivotal Research raised Time Warner from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $102.00 to $103.00 in a report on Monday, November 13th. raised Time Warner from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $102.00 to $103.00 in a report on Wednesday, November 15th. Finally, Barclays lifted their price objective on Time Warner from $92.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 21st. Twenty-three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Time Warner presently has a consensus rating of “Hold” and a consensus target price of $103.00.

Large investors have recently made changes to their positions in the company. Jacobi Capital Management LLC grew its position in shares of 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 purchasing an additional 20 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Time Warner in the third quarter valued at $102,000. Americafirst Capital Management LLC purchased a new stake in shares of Time Warner in the third quarter valued at $106,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of Time Warner by 4.0% in 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 purchasing an additional 44 shares during the period. Finally, Zions Bancorporation grew its position in shares of Time Warner by 698.6% in the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares during the period. 77.80% of the stock is owned by institutional investors and hedge funds.

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About Time Warner

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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