Time Warner Inc. (TWX) Stake Lifted by SG Americas Securities LLC
SG Americas Securities LLC lifted its position in shares of Time Warner Inc. (NYSE:TWX) by 685.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,271 shares of the media conglomerate’s stock after acquiring an additional 223,641 shares during the quarter. SG Americas Securities LLC’s holdings in Time Warner were worth $26,255,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Fragasso Group Inc. increased its stake in shares of Time Warner by 4.5% during the third quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock worth $1,363,000 after acquiring an additional 573 shares during the period. British Airways Pensions Investment Management Ltd increased its stake in shares of Time Warner by 5.6% during the third quarter. British Airways Pensions Investment Management Ltd now owns 125,809 shares of the media conglomerate’s stock worth $12,886,000 after acquiring an additional 6,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Time Warner by 3.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 185,660 shares of the media conglomerate’s stock worth $19,021,000 after acquiring an additional 5,887 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Time Warner by 0.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 956,151 shares of the media conglomerate’s stock worth $97,754,000 after acquiring an additional 3,885 shares during the period. Finally, NTV Asset Management LLC acquired a new position in shares of Time Warner during the third quarter worth about $202,000. Institutional investors and hedge funds own 78.46% of the company’s stock.
A number of research analysts have recently issued reports on TWX shares. Zacks Investment Research lowered shares of Time Warner from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Rosenblatt Securities upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Monday. Credit Suisse Group lowered shares of 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. Cowen and Company restated a “hold” rating and set a $102.00 target price on shares of Time Warner in a research report on Friday, October 27th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Time Warner in a research report on Tuesday, September 12th. Twenty-two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $103.68.
Shares of Time Warner Inc. (TWX) traded down $0.14 on Thursday, hitting $87.37. 13,526,100 shares of the company traded hands, compared to its average volume of 4,597,704. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $68,850.00, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. Time Warner Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $103.90.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. 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 firm posted $1.83 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. equities research analysts expect that Time Warner Inc. will post 6.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.84%. The ex-dividend date was Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is 30.61%.
About Time Warner
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.
Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc. (NYSE:TWX).
Receive News & Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.