Burt Wealth Advisors Sells 836 Shares of Time Warner Inc. (TWX)
Burt Wealth Advisors decreased its position in shares of Time Warner Inc. (NYSE:TWX) by 42.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,146 shares of the media conglomerate’s stock after selling 836 shares during the quarter. Burt Wealth Advisors’ holdings in Time Warner were worth $117,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its holdings in shares of Time Warner by 98.0% during the second quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after acquiring an additional 400 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Time Warner by 4.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after buying an additional 44 shares in the last quarter. Harfst & Associates Inc. grew its holdings in Time Warner by 31.6% during the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after buying an additional 288 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in Time Warner during the second quarter worth $127,000. Hedge funds and other institutional investors own 77.15% of the company’s stock.
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Shares of Time Warner Inc. (NYSE TWX) traded up $0.45 during midday trading on Thursday, reaching $90.01. The company’s stock had a trading volume of 5,497,264 shares, compared to its average volume of 4,738,021. The company has a market cap of $70,430.00, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. Time Warner Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $103.90.
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, topping analysts’ consensus estimates of $1.59 by $0.23. The business had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. sell-side analysts expect 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. Shareholders of record on Tuesday, October 10th were paid a $0.4025 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.79%. Time Warner’s dividend payout ratio is currently 30.61%.
Several brokerages recently issued reports on TWX. Cowen and Company reiterated a “hold” rating and set a $107.50 price target on shares of Time Warner in a report on Thursday, October 12th. Wells Fargo & Company reiterated a “market perform” rating and set a $84.00 price target (down previously from $100.00) on shares of Time Warner in a report on Tuesday. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target for the company. in a report on Monday, September 18th. Jefferies Group LLC downgraded Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a report on Thursday, August 3rd. Finally, B. Riley reiterated a “neutral” rating and set a $101.00 price target (down previously from $105.00) on shares of Time Warner in a report on Friday, November 3rd. Twenty-three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Time Warner presently has a consensus 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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