Windward Capital Management Co. CA Reduces Position in Time Warner Inc (TWX)

Windward Capital Management Co. CA lowered its holdings in shares of Time Warner Inc (NYSE:TWX) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,159 shares of the media conglomerate’s stock after selling 846 shares during the period. Time Warner makes up 1.7% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 27th largest holding. Windward Capital Management Co. CA’s holdings in Time Warner were worth $11,356,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Beach Investment Management LLC. bought a new position in Time Warner during the second quarter valued at approximately $3,859,000. Airain ltd lifted its position in Time Warner by 108.5% during the second quarter. Airain ltd now owns 174,620 shares of the media conglomerate’s stock valued at $17,534,000 after purchasing an additional 90,871 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Time Warner by 16.6% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 179,773 shares of the media conglomerate’s stock valued at $18,051,000 after purchasing an additional 25,592 shares during the period. Pacer Advisors Inc. lifted its position in Time Warner by 8.3% during the second quarter. Pacer Advisors Inc. now owns 18,096 shares of the media conglomerate’s stock valued at $1,817,000 after purchasing an additional 1,392 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in Time Warner by 18.3% during the second quarter. Neuberger Berman Group LLC now owns 1,396,444 shares of the media conglomerate’s stock valued at $140,217,000 after purchasing an additional 216,072 shares during the period. 77.83% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on TWX shares. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a report on Monday, November 13th. Zacks Investment Research cut shares of Time Warner from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Credit Suisse Group cut shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a report on Monday, September 18th. Cowen reaffirmed a “hold” rating and set a $102.00 target price on shares of Time Warner in a report on Friday, October 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $99.00 target price on shares of Time Warner in a report on Friday, November 10th. Twenty-one analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $105.13.

In other news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the sale, the chief executive officer now owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.

Shares of Time Warner Inc (TWX) opened at $92.09 on Thursday. The stock has a market cap of $71,700.00, a PE ratio of 17.51, a PEG ratio of 1.41 and a beta of 0.95. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90.

Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The firm had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $1.83 EPS. research analysts expect that Time Warner Inc will post 6.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a $0.4025 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.61 annualized dividend and a dividend yield of 1.75%. Time Warner’s dividend payout ratio (DPR) is presently 30.61%.

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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.

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

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