Montag A & Associates Inc. lowered its position in Time Warner Inc. (NYSE:TWX) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,669 shares of the media conglomerate’s stock after selling 3,045 shares during the period. Montag A & Associates Inc.’s holdings in Time Warner were worth $3,485,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of TWX. Archford Capital Strategies LLC acquired a new position in Time Warner during the fourth quarter valued at $106,000. Carroll Financial Associates Inc. raised its position in Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in Time Warner during the third quarter valued at $123,000. Harvest Fund Management Co. Ltd acquired a new position in Time Warner during the fourth quarter valued at $126,000. Finally, Thompson Siegel & Walmsley LLC raised its position in Time Warner by 0.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,415 shares of the media conglomerate’s stock valued at $137,000 after buying an additional 7 shares during the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.
Time Warner Inc. (TWX) traded up 0.08% during mid-day trading on Friday, reaching $99.20. 2,882,461 shares of the company were exchanged. The stock has a 50-day moving average of $98.79 and a 200 day moving average of $97.29. Time Warner Inc. has a 1-year low of $68.97 and a 1-year high of $100.60. The firm has a market capitalization of $76.93 billion, a P/E ratio of 18.92 and a beta of 1.09.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.22. The business had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.66 billion. Time Warner had a return on equity of 19.45% and a net margin of 13.90%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share. Equities research analysts forecast that Time Warner Inc. will post $6.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, May 26th. Time Warner’s dividend payout ratio (DPR) is presently 30.78%.
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A number of brokerages have commented on TWX. MKM Partners restated a “neutral” rating and issued a $107.50 target price (up previously from $90.00) on shares of Time Warner in a research note on Monday, May 1st. Royal Bank Of Canada set a $108.00 price objective on Time Warner and gave the stock a “hold” rating in a research report on Monday, June 12th. BMO Capital Markets reissued a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Monday, April 17th. Jefferies Group LLC reissued a “buy” rating and issued a $105.00 target price on shares of Time Warner in a report on Monday, May 22nd. Finally, Rosenblatt Securities restated a “neutral” rating and set a $105.00 price target on shares of Time Warner in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $100.50.
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.
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