Segall Bryant & Hamill LLC Grows Holdings in Time Warner Inc (TWX)
Segall Bryant & Hamill LLC boosted its holdings in Time Warner Inc (NYSE:TWX) by 29.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,707 shares of the media conglomerate’s stock after purchasing an additional 1,065 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Time Warner were worth $482,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its holdings in shares of Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after acquiring an additional 20 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Time Warner by 4.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after acquiring an additional 44 shares during the period. Harfst & Associates Inc. boosted its holdings in shares of Time Warner by 31.6% during the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after acquiring an additional 288 shares during the period. Captrust Financial Advisors acquired a new position in shares of Time Warner during the second quarter valued at $127,000. Finally, Motco acquired a new position in shares of Time Warner during the second quarter valued at $129,000. 78.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Time Warner Inc (NYSE:TWX) traded down $0.17 during trading on Wednesday, reaching $90.65. 6,198,000 shares of the company’s stock traded hands, compared to its average volume of 4,756,092. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The company has a market capitalization of $70,711.82, a PE ratio of 14.99, a PEG ratio of 1.43 and a beta of 0.95.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping the consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the previous year, the business earned $1.83 earnings per share. Time Warner’s revenue for the quarter 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 fiscal year.
In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $90.65, for a total value of $29,867,180.70. Following the sale, the chief executive officer now directly owns 855,925 shares in the company, valued at $77,589,601.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.
TWX has been the subject of several analyst reports. Royal Bank of Canada reissued a “hold” rating and set a $102.00 price target on shares of Time Warner in a report on Friday, October 27th. B. Riley reissued a “hold” rating and set a $101.00 price target on shares of Time Warner in a report on Tuesday, November 21st. BMO Capital Markets reissued a “hold” rating and set a $108.00 price target on shares of Time Warner in a report on Wednesday, September 13th. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th. Finally, raised shares of Time Warner from a “hold” rating to a “buy” rating and upped their price objective for the stock from $102.00 to $103.00 in a report on Wednesday, November 15th. Twenty-three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $103.00.
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.
Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc (NYSE:TWX).
Receive News & Ratings for Time Warner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner and related companies with Analyst Ratings Network's FREE daily email newsletter.