State of Wisconsin Investment Board increased its holdings in shares of Time Warner Inc. (NYSE:TWX) by 28.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,155,401 shares of the media conglomerate’s stock after buying an additional 257,709 shares during the quarter. State of Wisconsin Investment Board owned 0.15% of Time Warner worth $118,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. IHT Wealth Management LLC grew its stake in Time Warner by 98.0% during the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after purchasing an additional 400 shares during the last quarter. Jacobi Capital Management LLC grew its stake in Time Warner by 2.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after purchasing an additional 20 shares during the last quarter. Bellwether Investment Group LLC grew its stake in Time Warner by 15.6% during the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after purchasing an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Time Warner by 4.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after purchasing an additional 44 shares during the last quarter. Finally, Harfst & Associates Inc. grew its stake in Time Warner by 31.6% during the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 79.11% of the company’s stock.

Shares of Time Warner Inc. (NYSE TWX) traded up $0.19 during trading on Monday, hitting $93.47. The company’s stock had a trading volume of 1,171,592 shares, compared to its average volume of 7,679,691. Time Warner Inc. has a fifty-two week low of $85.22 and a fifty-two week high of $103.90. The firm has a market capitalization of $72,627.16, a PE ratio of 15.39, a P/E/G ratio of 1.47 and a beta of 0.98. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.

Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $1.83 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. equities analysts forecast that Time Warner Inc. will post 6.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.4025 per share. 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 1.72%. Time Warner’s payout ratio is currently 30.73%.

Several analysts have weighed in on the company. Cowen and Company reiterated a “hold” rating and set a $107.50 price target on shares of Time Warner in a research note on Thursday, October 12th. Jefferies Group LLC downgraded Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, August 3rd. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a research note on Monday, September 18th. Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 price target on shares of Time Warner in a research note on Wednesday, October 18th. Finally, FBR & Co downgraded Time Warner from a “buy” rating to a “neutral” rating and boosted their price target for the company from $105.00 to $107.50 in a research note on Monday, October 16th. Twenty-three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $104.74.

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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.

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

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