Sii Investments Inc. WI Takes Position in Time Warner Inc. (TWX)
Sii Investments Inc. WI bought a new position in Time Warner Inc. (NYSE:TWX) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,951 shares of the media conglomerate’s stock, valued at approximately $216,000.
Several other large investors have also recently added to or reduced their stakes in the company. Goldentree Asset Management LP increased its stake in Time Warner by 74.3% in the first quarter. Goldentree Asset Management LP now owns 501,807 shares of the media conglomerate’s stock worth $36,406,000 after buying an additional 213,850 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Time Warner by 50.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,807,086 shares of the media conglomerate’s stock worth $131,104,000 after buying an additional 603,700 shares during the period. AMP Capital Investors Ltd increased its stake in Time Warner by 5.0% in the first quarter. AMP Capital Investors Ltd now owns 516,087 shares of the media conglomerate’s stock worth $37,240,000 after buying an additional 24,539 shares during the period. Shell Asset Management Co. increased its stake in Time Warner by 11.6% in the second quarter. Shell Asset Management Co. now owns 149,788 shares of the media conglomerate’s stock worth $11,015,000 after buying an additional 15,539 shares during the period. Finally, Legal & General Group Plc increased its stake in Time Warner by 1.6% in the first quarter. Legal & General Group Plc now owns 3,617,316 shares of the media conglomerate’s stock worth $262,434,000 after buying an additional 57,278 shares during the period. 80.91% of the stock is owned by hedge funds and other institutional investors.
Shares of Time Warner Inc. (NYSE:TWX) traded up 0.15% during midday trading on Tuesday, reaching $75.82. The company’s stock had a trading volume of 547,201 shares. Time Warner Inc. has a 52 week low of $55.53 and a 52 week high of $81.33. The firm’s 50 day moving average is $78.70 and its 200 day moving average is $75.24. The firm has a market capitalization of $58.98 billion, a price-to-earnings ratio of 15.09 and a beta of 1.18.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. Equities analysts forecast that Time Warner Inc. will post $5.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Monday, August 29th. Time Warner’s dividend payout ratio (DPR) is 32.01%.
TWX has been the subject of a number of research reports. Brean Capital reaffirmed a “buy” rating and set a $90.00 target price on shares of Time Warner in a report on Friday, August 5th. Wedbush lifted their target price on Time Warner from $82.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Jefferies Group reaffirmed a “buy” rating on shares of Time Warner in a report on Thursday, August 25th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Time Warner in a report on Wednesday, July 6th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $95.00 price target (up from $92.00) on shares of Time Warner in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Time Warner has a consensus rating of “Buy” and a consensus price target of $86.17.
In related news, insider Karen Magee sold 14,240 shares of Time Warner stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $79.97, for a total value of $1,138,772.80. Following the transaction, the insider now owns 7,461 shares in the company, valued at $596,656.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul T. Cappuccio sold 56,595 shares of Time Warner stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total value of $4,427,992.80. Following the completion of the transaction, the executive vice president now owns 157,877 shares in the company, valued at approximately $12,352,296.48. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.
Time Warner Company 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 domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.
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