Bank of The West Decreases Holdings in Time Warner Inc (TWX)

Bank of The West trimmed its position in shares of Time Warner Inc (NYSE:TWX) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,563 shares of the media conglomerate’s stock after selling 554 shares during the period. Bank of The West’s holdings in Time Warner were worth $417,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. acquired a new position in Time Warner during the third quarter worth $102,000. Americafirst Capital Management LLC acquired a new position in Time Warner during the third quarter worth $106,000. Zions Bancorporation increased its position in shares of Time Warner by 698.6% during the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock worth $117,000 after acquiring an additional 999 shares during the period. Advisory Services Network LLC increased its position in shares of Time Warner by 1.8% during the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after acquiring an additional 26 shares during the period. Finally, Phocas Financial Corp. purchased a new stake in shares of Time Warner during the second quarter worth $172,000. Institutional investors own 77.55% of the company’s stock.

A number of analysts have recently weighed in on the company. Cowen reaffirmed a “hold” rating and set a $107.50 price objective on shares of Time Warner in a research report on Thursday, October 12th. Royal Bank of Canada reaffirmed a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Wednesday, October 18th. Zacks Investment Research lowered Time Warner from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. Finally, FBR & Co lowered Time Warner from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $105.00 to $107.50 in a research report on Monday, October 16th. Seventeen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Time Warner currently has a consensus rating of “Hold” and an average price target of $104.36.

In other Time Warner news, Director William P. Barr sold 4,019 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $97.20, for a total transaction of $390,646.80. Following the transaction, the director now owns 44,959 shares of the company’s stock, valued at $4,370,014.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The disclosure for this sale can be found here. Insiders sold 356,947 shares of company stock worth $32,369,031 in the last three months. 0.16% of the stock is currently owned by corporate insiders.

Time Warner Inc (NYSE TWX) opened at $93.02 on Friday. The company has a market capitalization of $72,420.00, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.28 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is presently 29.65%.

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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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