Advisors Asset Management Inc. Has $2.30 Million Holdings in Time Warner Inc. (TWX)
Advisors Asset Management Inc. lessened its holdings in shares of Time Warner Inc. (NYSE:TWX) by 22.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 22,489 shares of the media conglomerate’s stock after selling 6,564 shares during the quarter. Advisors Asset Management Inc.’s holdings in Time Warner were worth $2,304,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in TWX. Stillwater Investment Management LLC lifted its holdings in shares of Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after buying an additional 9 shares during the period. Park National Corp OH lifted its holdings in shares of Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares during the period. Jacobi Capital Management LLC lifted its holdings in shares of Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares during the period. Aureus Asset Management LLC lifted its holdings in shares of Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after buying an additional 25 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in shares of Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after buying an additional 26 shares during the period. Institutional investors own 77.15% of the company’s stock.
Shares of Time Warner Inc. (TWX) traded down $0.51 during trading hours on Monday, reaching $89.50. The company had a trading volume of 1,768,400 shares, compared to its average volume of 4,724,939. Time Warner Inc. has a 1 year low of $85.88 and a 1 year high of $103.90. The company has a market cap of $69,680.00, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts predict that Time Warner Inc. will post 6.2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a dividend of $0.4025 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 annualized dividend and a yield of 1.80%. Time Warner’s payout ratio is 30.61%.
Several brokerages have recently weighed in on TWX. Jefferies Group LLC restated a “hold” rating and issued a $105.00 price objective on shares of Time Warner in a report on Wednesday, October 11th. Cowen Inc reaffirmed a “hold” rating and set a $107.50 target price on shares of Time Warner in a report on Thursday, October 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. Zacks Investment Research downgraded Time Warner from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price for the company. in a report on Monday, August 7th. Twenty-three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $102.87.
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 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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