Key Square Capital Management LLC Takes Position in Time Warner Inc (TWX)

Key Square Capital Management LLC purchased a new stake in shares of Time Warner Inc (NYSE:TWX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 484,009 shares of the media conglomerate’s stock, valued at approximately $44,272,000. Time Warner comprises approximately 4.3% of Key Square Capital Management LLC’s investment portfolio, making the stock its 9th largest holding.

Other hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. acquired a new position in Time Warner during the third quarter valued at approximately $102,000. Americafirst Capital Management LLC acquired a new position in Time Warner during the third quarter valued at approximately $106,000. Zions Bancorporation grew its holdings in Time Warner by 698.6% during 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 last quarter. Advisory Services Network LLC grew its holdings in Time Warner by 1.8% during the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after purchasing an additional 26 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new position in Time Warner during the second quarter valued at approximately $172,000. Institutional investors own 77.55% of the company’s stock.

Time Warner Inc (NYSE TWX) opened at $95.11 on Thursday. The stock has a market capitalization of $74,224.80, a PE ratio of 14.85, a PEG ratio of 1.28 and a beta of 0.94. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64.

Time Warner (NYSE:TWX) last posted its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.16. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company had revenue of $8.61 billion during the quarter, compared to analyst estimates of $8.41 billion. During the same period in the previous year, the company earned $1.25 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities research analysts predict that Time Warner Inc will post 7.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is presently 24.32%.

Several brokerages have recently issued reports on TWX. Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Tuesday. Barclays raised their price objective on shares of Time Warner from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. ValuEngine downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Pivotal Research restated a “buy” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Thursday, February 1st. Finally, Moffett Nathanson upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Seventeen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Time Warner currently has a consensus rating of “Hold” and an average price target of $104.53.

In related news, insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William P. Barr sold 4,019 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $97.20, for a total value of $390,646.80. Following the transaction, the director now directly owns 44,959 shares in the company, valued at $4,370,014.80. The disclosure for this sale can be found here. Insiders have sold a total of 356,947 shares of company stock worth $32,369,031 in the last quarter. 0.16% of the stock is currently owned by company insiders.

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

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