Time Warner Inc. (TWX) Stake Increased by IndexIQ Advisors LLC
IndexIQ Advisors LLC grew its holdings in Time Warner Inc. (NYSE:TWX) by 19.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 228,617 shares of the media conglomerate’s stock after buying an additional 37,630 shares during the quarter. Time Warner accounts for 1.0% of IndexIQ Advisors LLC’s investment portfolio, making the stock its 20th largest position. IndexIQ Advisors LLC’s holdings in Time Warner were worth $23,422,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of TWX. IHT Wealth Management LLC increased its position in shares of Time Warner by 98.0% during the second quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock worth $335,000 after purchasing an additional 400 shares in the last quarter. Jacobi Capital Management LLC increased its position 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 worth $100,000 after purchasing an additional 20 shares in the last quarter. Bellwether Investment Group LLC increased its position in shares of Time Warner by 15.6% during the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after purchasing an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position 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 worth $116,000 after purchasing an additional 44 shares in the last quarter. Finally, Harfst & Associates Inc. increased its position 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 worth $120,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 79.11% of the company’s stock.
Time Warner Inc. (NYSE TWX) traded up $1.18 on Tuesday, hitting $94.46. The stock had a trading volume of 6,607,444 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 stock has a market cap of $72,627.16, a P/E ratio of 15.39, a P/E/G ratio of 1.47 and a beta of 0.98. 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 (NYSE:TWX) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the prior year, the business posted $1.83 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. analysts forecast that Time Warner Inc. will post 6.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a $0.4025 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.70%. Time Warner’s payout ratio is currently 30.73%.
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Several analysts recently commented on the company. Barclays PLC cut Time Warner from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $95.00 to $107.00 in a research report on Friday, August 4th. BidaskClub cut Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. B. Riley restated a “neutral” rating on shares of Time Warner in a report on Friday. Evercore ISI cut Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price for the company. in a report on Monday, August 7th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Friday, July 14th. Twenty-four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $104.74.
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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