Dimensional Fund Advisors LP increased its stake in Time Warner Inc. (NYSE:TWX) by 0.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,805,718 shares of the media conglomerate’s stock after buying an additional 464 shares during the period. Time Warner accounts for approximately 0.4% of Dimensional Fund Advisors LP’s holdings, making the stock its 17th largest position. Dimensional Fund Advisors LP owned 1.14% of Time Warner worth $860,415,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Bellwether Investment Group LLC boosted its stake in shares of Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares in the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Time Warner during the first quarter valued at about $138,000. Finally, Asset Dedication LLC boosted its stake in shares of Time Warner by 14.6% in the first quarter. Asset Dedication LLC now owns 1,729 shares of the media conglomerate’s stock valued at $169,000 after buying an additional 220 shares in the last quarter. Institutional investors own 78.76% of the company’s stock.
Time Warner Inc. (TWX) traded down 0.41% during midday trading on Friday, hitting $101.19. 3,416,438 shares of the stock traded hands. Time Warner Inc. has a 12-month low of $74.27 and a 12-month high of $103.34. The firm has a market cap of $78.71 billion, a P/E ratio of 18.77 and a beta of 1.05. The company’s 50-day moving average is $101.16 and its 200 day moving average is $99.06.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The business had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts anticipate that Time Warner Inc. will post $6.10 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Thursday, July 6th. Time Warner’s payout ratio is 29.98%.
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Several research analysts have weighed in on the stock. Royal Bank Of Canada set a $108.00 price target on shares of Time Warner and gave the stock a “hold” rating in a research report on Monday, June 12th. MKM Partners reiterated a “neutral” rating and issued a $107.50 price target (up from $90.00) on shares of Time Warner in a research report on Monday, May 1st. Jefferies Group LLC downgraded shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Thursday, August 3rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $105.00 price target on shares of Time Warner in a research report on Wednesday, May 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Time Warner currently has a consensus rating of “Hold” and a consensus target price of $102.25.
In other news, CFO Howard M. Averill bought 255 shares of Time Warner stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the acquisition, the chief financial officer now directly owns 63,399 shares in the company, valued at $6,318,978.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.
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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