Time Warner Inc. (NYSE:TWX) Shares Bought by Stillwater Investment Management LLC
Stillwater Investment Management LLC increased its stake in Time Warner Inc. (NYSE:TWX) by 0.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,388 shares of the media conglomerate’s stock after buying an additional 9 shares during the period. Stillwater Investment Management LLC’s holdings in Time Warner were worth $240,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. First Bank & Trust boosted its position in shares of Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock valued at $332,000 after buying an additional 9 shares during the last quarter. Park National Corp OH boosted its position in shares of Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares during the last quarter. Integrated Wealth Management boosted its position in shares of Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock valued at $209,000 after buying an additional 17 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of 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. Finally, Connecticut Wealth Management LLC boosted its position in shares of Time Warner by 0.8% in the first quarter. Connecticut Wealth Management LLC now owns 4,199 shares of the media conglomerate’s stock valued at $413,000 after buying an additional 33 shares during the last quarter. 80.02% of the stock is currently owned by institutional investors and hedge funds.
Time Warner Inc. (NYSE TWX) traded down 0.21% on Thursday, hitting $102.07. 791,462 shares of the company were exchanged. The firm has a market cap of $79.39 billion, a price-to-earnings ratio of 18.94 and a beta of 1.05. The stock has a 50 day moving average price of $100.71 and a 200 day moving average price of $98.80. Time Warner Inc. has a one year low of $74.27 and a one year high of $103.34.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the business earned $1.29 earnings per share. Time Warner’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Time Warner Inc. will post $6.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.57%. Time Warner’s payout ratio is 29.98%.
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Several brokerages have recently commented on TWX. BidaskClub cut shares of Time Warner from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Barclays PLC cut shares of Time Warner from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $95.00 to $107.00 in a research report on Friday, August 4th. MKM Partners reaffirmed a “neutral” rating and set a $107.50 price target (up previously from $90.00) on shares of Time Warner in a research report on Monday, May 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Friday, July 14th. Finally, Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target on the stock. in a research report on Monday. One analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $102.25.
In related news, CFO Howard M. Averill bought 255 shares of Time Warner stock in a transaction dated Thursday, June 15th. The shares were bought at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the transaction, the chief financial officer now owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.
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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