Time Warner Inc. (TWX) Position Decreased by Marshall Wace LLP

Marshall Wace LLP lowered its stake in shares of Time Warner Inc. (NYSE:TWX) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,457 shares of the media conglomerate’s stock after selling 11,641 shares during the period. Time Warner makes up 1.4% of Marshall Wace LLP’s holdings, making the stock its 10th largest position. Marshall Wace LLP’s holdings in Time Warner were worth $29,347,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TWX. Bellwether Investment Group LLC increased its position in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares during the period. Vanguard Group Inc. raised its stake in shares of Time Warner by 3.7% in the first quarter. Vanguard Group Inc. now owns 48,726,247 shares of the media conglomerate’s stock worth $4,761,042,000 after buying an additional 1,740,936 shares in the last quarter. Roosevelt Investment Group Inc. purchased a new stake in shares of Time Warner during the first quarter worth approximately $2,877,000. Yakira Capital Management Inc. raised its stake in shares of Time Warner by 312.8% in the first quarter. Yakira Capital Management Inc. now owns 165,100 shares of the media conglomerate’s stock worth $16,132,000 after buying an additional 125,100 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Time Warner during the first quarter worth approximately $23,041,000. Hedge funds and other institutional investors own 79.86% of the company’s stock.

Time Warner Inc. (NYSE:TWX) opened at 99.47 on Friday. The firm has a market capitalization of $77.14 billion, a P/E ratio of 18.98 and a beta of 1.05. Time Warner Inc. has a 1-year low of $74.27 and a 1-year high of $102.45. The company has a 50-day moving average price of $99.73 and a 200 day moving average price of $98.12.

Time Warner (NYSE:TWX) last posted its earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.22. The company had revenue of $7.74 billion for 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%. Time Warner’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. Analysts expect that Time Warner Inc. will post $6.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be given a dividend of $0.4025 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.62%. Time Warner’s payout ratio is 30.78%.

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A number of equities research analysts recently commented on TWX shares. Rosenblatt Securities started coverage on Time Warner in a research report on Tuesday, April 4th. They issued a “neutral” rating and a $105.00 target price on the stock. FBR & Co reiterated a “buy” rating and issued a $107.50 target price on shares of Time Warner in a research report on Friday, April 7th. BMO Capital Markets reiterated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research report on Monday, April 17th. Pivotal Research lowered Time Warner from a “buy” rating to a “hold” rating and upped their target price for the company from $100.00 to $107.50 in a research report on Thursday, April 20th. Finally, MKM Partners reiterated a “neutral” rating and issued a $107.50 target price (up previously from $90.00) on shares of Time Warner in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $100.95.

In other news, CFO Howard M. Averill bought 255 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the transaction, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

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.

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

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