Conservest Capital Advisors Inc. Purchases 31 Shares of Time Warner Inc. (TWX)
Conservest Capital Advisors Inc. boosted its stake in shares of Time Warner Inc. (NYSE:TWX) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 7,857 shares of the media conglomerate’s stock after buying an additional 31 shares during the period. Conservest Capital Advisors Inc.’s holdings in Time Warner were worth $789,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the stock. Bellwether Investment Group LLC increased its stake in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares in the last quarter. 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 valued at $122,000 after buying an additional 33 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Time Warner during the first quarter valued at approximately $138,000. Finally, Archford Capital Strategies LLC increased its stake in Time Warner by 43.5% in the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock valued at $155,000 after buying an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 80.02% of the company’s stock.
Time Warner Inc. (TWX) traded down 0.04% during mid-day trading on Friday, hitting $101.90. The company had a trading volume of 2,326,218 shares. The firm’s 50 day moving average is $100.86 and its 200 day moving average is $98.86. The company has a market capitalization of $79.26 billion, a price-to-earnings ratio of 18.91 and a beta of 1.05. Time Warner Inc. has a 52 week low of $74.27 and a 52 week high of $103.34.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Time Warner Inc. will post $6.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.
Several brokerages recently issued reports on TWX. BMO Capital Markets reiterated a “hold” rating and set a $108.00 price target on shares of Time Warner in a report on Monday, April 17th. Royal Bank Of Canada set a $108.00 price target on Time Warner and gave the stock a “hold” rating in a report on Monday, June 12th. MKM Partners reiterated a “neutral” rating and set a $107.50 price target (up previously from $90.00) on shares of Time Warner in a report on Monday, May 1st. 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, Rosenblatt Securities reiterated a “neutral” rating and set a $105.00 price target on shares of Time Warner in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $102.25.
In related news, CFO Howard M. Averill acquired 255 shares of Time Warner stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $99.67 per share, with a total value of $25,415.85. Following the transaction, the chief financial officer now directly owns 63,399 shares in the company, valued at $6,318,978.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is 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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