Time Warner Inc. (TWX) is MUFG Securities EMEA plc’s 10th Largest Position
MUFG Securities EMEA plc boosted its stake in Time Warner Inc. (NYSE:TWX) by 600.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 455,000 shares of the media conglomerate’s stock after buying an additional 390,000 shares during the period. Time Warner makes up approximately 1.7% of MUFG Securities EMEA plc’s portfolio, making the stock its 10th biggest position. MUFG Securities EMEA plc owned about 0.06% of Time Warner worth $46,615,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of Time Warner by 2.6% during the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock worth $397,891,000 after buying an additional 99,059 shares in the last quarter. Segantii Capital Management Ltd acquired a new position in shares of Time Warner during the second quarter worth about $33,886,000. Blair William & Co. IL grew its position in shares of Time Warner by 27.9% during the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock worth $3,728,000 after buying an additional 8,096 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in Time Warner by 1.3% in the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock valued at $90,137,000 after purchasing an additional 11,740 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in Time Warner by 3.2% in the third quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock valued at $5,038,000 after purchasing an additional 1,513 shares in the last quarter. Hedge funds and other institutional investors own 77.15% of the company’s stock.
A number of equities analysts recently issued reports on TWX shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $105.00 price target (up from $102.42) on shares of Time Warner in a report on Sunday, July 30th. BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and issued a $107.50 price target on shares of Time Warner in a report on Thursday, August 3rd. Barclays PLC downgraded Time Warner from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $95.00 to $107.00 in a report on Friday, August 4th. Finally, Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a report on Monday, August 7th. Twenty-three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $102.87.
Shares of Time Warner Inc. (NYSE:TWX) traded up $0.45 during midday trading on Thursday, reaching $90.01. The company’s stock had a trading volume of 5,497,900 shares, compared to its average volume of 4,738,021. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. Time Warner Inc. has a one year low of $85.88 and a one year high of $103.90. The stock has a market capitalization of $70,430.00, a PE ratio of 14.78, a P/E/G ratio of 1.41 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 company had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same quarter in the previous year, the business earned $1.83 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. equities analysts predict that Time Warner Inc. will post 6.2 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is presently 30.61%.
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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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