GSA Capital Partners LLP Acquires Shares of 2,352 Time Warner Inc (TWX)
GSA Capital Partners LLP acquired a new position in Time Warner Inc (NYSE:TWX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,352 shares of the media conglomerate’s stock, valued at approximately $241,000.
Several other large investors have also recently made changes to their positions in TWX. Jacobi Capital Management LLC raised its stake 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 worth $100,000 after purchasing an additional 20 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in shares of Time Warner in the third quarter worth about $102,000. Americafirst Capital Management LLC purchased a new position in shares of Time Warner in the third quarter worth about $106,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Time Warner by 4.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after purchasing an additional 44 shares during the last quarter. Finally, Zions Bancorporation grew its holdings in Time Warner by 698.6% during the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock worth $117,000 after acquiring an additional 999 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.
Shares of Time Warner Inc (NYSE TWX) opened at $91.89 on Friday. 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 1-year low of $85.88 and a 1-year high of $103.90. The company has a market capitalization of $71,540.00, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS 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 company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same period last year, the company earned $1.83 earnings per share. Time Warner’s quarterly revenue was up 6.0% compared to the same quarter last year. equities research analysts anticipate that Time Warner Inc will post 6.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, January 9th. Time Warner’s payout ratio is currently 30.61%.
Several analysts recently commented on the company. Cowen reaffirmed a “hold” rating and set a $107.50 target price on shares of Time Warner in a report on Thursday, October 12th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $98.00 target price (up from $84.00) on shares of Time Warner in a report on Thursday, January 4th. Credit Suisse Group lowered Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price on the stock. in a report on Monday, September 18th. B. Riley reaffirmed a “neutral” rating and set a $101.00 target price (down from $105.00) on shares of Time Warner in a report on Friday, November 3rd. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $99.00 target price on shares of Time Warner in a report on Friday, November 10th. Twenty analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $105.13.
In other news, insider Olaf Olafsson sold 23,450 shares of Time Warner stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of Time Warner stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the sale, the chief executive officer now directly owns 855,925 shares in the company, valued at $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.
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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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