Pacer Advisors Inc. boosted its position in shares of Time Warner Inc. (NYSE:TWX) by 12.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,260 shares of the media conglomerate’s stock after purchasing an additional 2,164 shares during the quarter. Pacer Advisors Inc.’s holdings in Time Warner were worth $2,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Time Warner by 2.3% during the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after purchasing an additional 1,116,818 shares during the period. BlackRock Inc. grew its holdings in Time Warner by 4.0% during the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after purchasing an additional 1,696,681 shares during the period. State Street Corp grew its holdings in Time Warner by 2.1% during the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock valued at $3,199,990,000 after purchasing an additional 688,860 shares during the period. Franklin Resources Inc. grew its holdings in Time Warner by 0.4% during the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after purchasing an additional 51,596 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Time Warner by 8.3% during the first quarter. Geode Capital Management LLC now owns 7,281,041 shares of the media conglomerate’s stock valued at $710,380,000 after purchasing an additional 556,674 shares during the period. Hedge funds and other institutional investors own 77.15% of the company’s stock.

Time Warner Inc. (NYSE:TWX) traded up $0.71 during mid-day trading on Monday, hitting $88.72. 8,439,600 shares of the stock were exchanged, compared to its average volume of 4,655,102. The company has a market capitalization of $69,080.00, a PE ratio of 14.64, a P/E/G ratio of 1.40 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 52-week low of $85.88 and a 52-week high of $103.90.

Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 earnings per share. sell-side analysts forecast that Time Warner Inc. will post 6.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a $0.4025 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.81%. Time Warner’s dividend payout ratio (DPR) is currently 30.61%.

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Several research analysts have recently weighed in on TWX shares. BidaskClub upgraded shares of Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. Jefferies Group LLC cut shares of 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. Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Tuesday, August 15th. Finally, Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Twenty-two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $103.73.

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.

Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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