US Bancorp DE lowered its holdings in Time Warner Inc (NYSE:TWX) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 99,267 shares of the media conglomerate’s stock after selling 3,152 shares during the period. US Bancorp DE’s holdings in Time Warner were worth $9,079,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Independent Franchise Partners LLP increased its holdings in shares of Time Warner by 2.8% in the 3rd quarter. Independent Franchise Partners LLP now owns 6,765,645 shares of the media conglomerate’s stock valued at $693,140,000 after acquiring an additional 186,323 shares during the last quarter. Canyon Capital Advisors LLC boosted its position in shares of Time Warner by 3.7% in the 2nd quarter. Canyon Capital Advisors LLC now owns 5,906,054 shares of the media conglomerate’s stock valued at $593,027,000 after purchasing an additional 210,206 shares during the period. Boston Partners boosted its position in shares of Time Warner by 0.9% in the 4th quarter. Boston Partners now owns 5,140,335 shares of the media conglomerate’s stock valued at $470,187,000 after purchasing an additional 46,309 shares during the period. Empyrean Capital Partners LP boosted its position in shares of Time Warner by 93.1% in the 2nd quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock valued at $427,539,000 after purchasing an additional 2,052,932 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Time Warner by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 4,044,883 shares of the media conglomerate’s stock valued at $414,386,000 after purchasing an additional 82,127 shares during the period. Institutional investors and hedge funds own 77.55% of the company’s stock.

In other news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William P. Barr sold 4,019 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $97.20, for a total value of $390,646.80. Following the transaction, the director now directly owns 44,959 shares of the company’s stock, valued at $4,370,014.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 356,947 shares of company stock valued at $32,369,031. Company insiders own 0.16% of the company’s stock.

TWX has been the subject of a number of research analyst reports. ValuEngine cut Time Warner from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $102.00 target price on shares of Time Warner in a research report on Friday, October 27th. Zacks Investment Research raised Time Warner from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. B. Riley reissued a “hold” rating and issued a $101.00 target price on shares of Time Warner in a research report on Tuesday, November 21st. Finally, KeyCorp reissued a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. Seventeen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Time Warner has an average rating of “Hold” and a consensus price target of $104.36.

Time Warner Inc (TWX) opened at $93.02 on Friday. The stock has a market capitalization of $74,185.80, a P/E ratio of 14.84, a PEG ratio of 1.23 and a beta of 0.94. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.

Time Warner (NYSE:TWX) last issued its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.16. The business had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.41 billion. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 EPS. research analysts anticipate that Time Warner Inc will post 7.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is 24.32%.

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

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