Mint Tower Capital Management B.V. grew its holdings in shares of Time Warner (NYSE:TWX) by 50.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,500 shares of the media conglomerate’s stock after buying an additional 2,500 shares during the period. Mint Tower Capital Management B.V.’s holdings in Time Warner were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Time Warner by 1.3% in the 4th quarter. BlackRock Inc. now owns 45,517,104 shares of the media conglomerate’s stock valued at $4,163,450,000 after purchasing an additional 564,977 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Time Warner by 13.9% in the 4th quarter. Franklin Resources Inc. now owns 13,882,043 shares of the media conglomerate’s stock valued at $1,269,791,000 after purchasing an additional 1,695,787 shares during the last quarter. Canyon Capital Advisors LLC lifted its holdings in shares of Time Warner by 60.1% in the 4th quarter. Canyon Capital Advisors LLC now owns 9,053,982 shares of the media conglomerate’s stock valued at $828,168,000 after purchasing an additional 3,398,928 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Time Warner by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 8,137,119 shares of the media conglomerate’s stock valued at $742,723,000 after purchasing an additional 260,054 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its stake in Time Warner by 1.7% during the 4th quarter. Independent Franchise Partners LLP now owns 6,878,075 shares of the media conglomerate’s stock valued at $629,137,000 after acquiring an additional 112,430 shares during the last quarter. 80.12% of the stock is owned by institutional investors.

Several research firms have commented on TWX. Barclays reaffirmed a “hold” rating and set a $98.00 price objective on shares of Time Warner in a research note on Monday, April 30th. Pivotal Research reduced their price objective on Time Warner from $105.00 to $101.00 and set a “hold” rating for the company in a research note on Friday, April 27th. Zacks Investment Research downgraded Time Warner from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Barrington Research reaffirmed a “buy” rating and set a $110.00 price objective on shares of Time Warner in a research note on Wednesday, May 2nd. Finally, Loop Capital began coverage on Time Warner in a research note on Thursday, March 15th. They set a “buy” rating and a $107.50 price objective for the company. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $104.19.

NYSE TWX opened at $92.88 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.17. Time Warner has a 12-month low of $93.65 and a 12-month high of $94.50. The company has a market cap of $73.69 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87.

Time Warner (NYSE:TWX) last released its earnings results on Thursday, April 26th. The media conglomerate reported $2.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.54. The company had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.93 billion. Time Warner had a return on equity of 19.99% and a net margin of 17.33%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 EPS. equities research analysts forecast that Time Warner will post 8.09 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th were issued a $0.4025 dividend. The ex-dividend date of this dividend was Monday, April 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio is currently 25.08%.

Time Warner Profile

Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.

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

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