South Dakota Investment Council Has $3.83 Million Position in Time Warner Inc. (TWX)
South Dakota Investment Council decreased its stake in shares of Time Warner Inc. (NYSE:TWX) by 34.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,400 shares of the media conglomerate’s stock after selling 20,035 shares during the quarter. South Dakota Investment Council’s holdings in Time Warner were worth $3,832,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in TWX. Jacobi Capital Management LLC increased its stake in Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in 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 worth $116,000 after acquiring an additional 44 shares during the last quarter. Harfst & Associates Inc. increased its stake in Time Warner by 31.6% during the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after acquiring an additional 288 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Time Warner during the second quarter worth $127,000. Finally, Motco acquired a new stake in Time Warner during the second quarter worth $129,000. Hedge funds and other institutional investors own 77.15% of the company’s stock.
Shares of Time Warner Inc. (TWX) traded down $0.51 during midday trading on Friday, hitting $89.50. The stock had a trading volume of 1,768,431 shares, compared to its average volume of 14,836,568. Time Warner Inc. has a twelve month low of $85.88 and a twelve month high of $103.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. The firm has a market capitalization of $70,081.16, a PE ratio of 14.85, a PEG ratio of 1.42 and a beta of 0.98.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. analysts expect that Time Warner Inc. will post 6.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.4025 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.80%. Time Warner’s payout ratio is presently 30.73%.
TWX has been the subject of several recent analyst reports. Deutsche Bank AG reissued a “buy” rating and set a $99.00 target price on shares of Time Warner in a research note on Friday, November 10th. Cowen Inc reissued a “hold” rating and set a $102.00 target price on shares of Time Warner in a research note on Friday, October 27th. ValuEngine cut Time Warner from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Loop Capital cut their target price on Time Warner from $107.50 to $102.00 and set a “hold” rating for the company in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised Time Warner from a “sell” rating to a “hold” rating and set a $110.00 target price for the company in a research note on Monday, October 30th. Twenty-three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $102.87.
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Time Warner 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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