HL Financial Services LLC Purchases New Position in Time Warner Inc. (TWX)
HL Financial Services LLC bought a new stake in shares of Time Warner Inc. (NYSE:TWX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,654 shares of the media conglomerate’s stock, valued at approximately $357,000.
A number of other institutional investors have also recently bought and sold shares of TWX. Archford Capital Strategies LLC purchased a new position in Time Warner during the fourth quarter valued at $106,000. Patriot Financial Group Insurance Agency LLC raised its position 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 during the last quarter. Carroll Financial Associates Inc. raised its position 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 during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Time Warner during the fourth quarter valued at $126,000. Finally, Thompson Siegel & Walmsley LLC raised its position in Time Warner by 0.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,415 shares of the media conglomerate’s stock valued at $137,000 after buying an additional 7 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.
Time Warner Inc. (NYSE:TWX) opened at 99.20 on Friday. The stock has a market capitalization of $76.93 billion, a P/E ratio of 18.92 and a beta of 1.09. Time Warner Inc. has a 52-week low of $68.97 and a 52-week high of $100.60. The company has a 50 day moving average of $98.79 and a 200-day moving average of $97.29.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. The business had revenue of $7.74 billion during the quarter, compared to analyst estimates of $7.66 billion. Time Warner had a net margin of 13.90% and a return on equity of 19.45%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 earnings per share. Equities research analysts anticipate that Time Warner Inc. will post $6.05 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a $0.4025 dividend. The ex-dividend date was Friday, May 26th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.62%. Time Warner’s dividend payout ratio (DPR) is presently 30.78%.
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Several equities analysts have recently commented on TWX shares. FBR & Co restated a “buy” rating and issued a $107.50 price objective on shares of Time Warner in a report on Friday, April 7th. MKM Partners restated a “neutral” rating and issued a $107.50 price objective (up from $90.00) on shares of Time Warner in a report on Monday, May 1st. Rosenblatt Securities started coverage on shares of Time Warner in a report on Tuesday, April 4th. They issued a “neutral” rating and a $105.00 price objective on the stock. BMO Capital Markets restated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a report on Monday, April 17th. Finally, Pivotal Research lowered shares of Time Warner from a “buy” rating to a “hold” rating and upped their price objective for the stock from $100.00 to $107.50 in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $100.50.
About Time Warner
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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