4,242 Shares in Time Warner Inc. (TWX) Purchased by Alps Advisors Inc.
Alps Advisors Inc. bought a new stake in Time Warner Inc. (NYSE:TWX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,242 shares of the media conglomerate’s stock, valued at approximately $435,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc increased its position in Time Warner by 2.6% during the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock worth $397,891,000 after buying an additional 99,059 shares during the last quarter. Segantii Capital Management Ltd acquired a new position in Time Warner during the second quarter worth approximately $33,886,000. Blair William & Co. IL increased its position in Time Warner by 27.9% during the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock worth $3,728,000 after buying an additional 8,096 shares during the last quarter. State of Wisconsin Investment Board increased its position in Time Warner by 1.3% during the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock worth $90,137,000 after buying an additional 11,740 shares during the last quarter. Finally, Whittier Trust Co. increased its position in Time Warner by 3.2% during the third quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock worth $5,038,000 after buying an additional 1,513 shares during the last quarter. 77.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on TWX. B. Riley reissued a “hold” rating and set a $101.00 price target on shares of Time Warner in a research report on Tuesday. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $84.00 target price (down previously from $100.00) on shares of Time Warner in a research report on Tuesday. Barclays PLC upped their target price on Time Warner from $92.00 to $107.00 and gave the company an “equal weight” rating in a research report on Tuesday. Loop Capital reaffirmed a “hold” rating and issued a $103.00 target price (up previously from $102.00) on shares of Time Warner in a research report on Friday, November 17th. Finally, raised Time Warner from a “hold” rating to a “buy” rating and upped their target price for the company from $102.00 to $103.00 in a research report on Wednesday, November 15th. Twenty-three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Time Warner presently has a consensus rating of “Hold” and a consensus target price of $102.87.
Time Warner Inc. (NYSE:TWX) opened at $89.56 on Wednesday. The stock has a market cap of $68,290.39, a PE ratio of 14.47, a PEG ratio of 1.38 and a beta of 0.98. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner Inc. has a 1 year low of $85.88 and a 1 year high of $103.90.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $1.83 EPS. research analysts forecast that Time Warner Inc. will post 6.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.80%. Time Warner’s dividend payout ratio (DPR) is presently 30.73%.
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.
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