Capital One National Association Raises Stake in Time Warner Inc. (TWX)
Capital One National Association raised its position in Time Warner Inc. (NYSE:TWX) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 8,426 shares of the media conglomerate’s stock after buying an additional 488 shares during the period. Capital One National Association’s holdings in Time Warner were worth $846,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its stake in Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock worth $122,000 after buying an additional 33 shares during the last quarter. TNB Financial acquired a new stake in Time Warner during the first quarter worth approximately $446,000. Atria Investments LLC increased its stake in Time Warner by 3.1% in the first quarter. Atria Investments LLC now owns 14,517 shares of the media conglomerate’s stock worth $1,418,000 after buying an additional 436 shares during the last quarter. Integrated Wealth Management increased its stake in Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock worth $209,000 after buying an additional 17 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Time Warner by 177.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,225 shares of the media conglomerate’s stock worth $2,082,000 after buying an additional 13,569 shares during the last quarter. Institutional investors and hedge funds own 80.02% of the company’s stock.
Shares of Time Warner Inc. (TWX) traded down 0.04% during mid-day trading on Friday, hitting $101.90. 2,326,218 shares of the stock were exchanged. Time Warner Inc. has a 12-month low of $74.27 and a 12-month high of $103.34. The company has a market capitalization of $79.26 billion, a PE ratio of 18.91 and a beta of 1.05. The firm has a 50-day moving average price of $100.86 and a 200 day moving average price of $98.86.
Time Warner (NYSE:TWX) last released its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the 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 analysts’ expectations of $7.29 billion. During the same period last year, the business earned $1.29 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Time Warner Inc. will post $6.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.4025 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.58%. Time Warner’s dividend payout ratio is presently 29.98%.
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A number of analysts recently commented on TWX shares. BMO Capital Markets reiterated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Monday, April 17th. Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and lifted their target price for the stock from $100.00 to $107.50 in a research report on Thursday, April 20th. MKM Partners reissued a “neutral” rating and issued a $107.50 target price (up from $90.00) on shares of Time Warner in a research report on Monday, May 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $105.00 target price on shares of Time Warner in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $105.00 target price on shares of Time Warner in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently 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 the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average cost of $99.67 per share, with a total value of $25,415.85. Following the completion of the purchase, the chief financial officer now owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.
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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