DekaBank Deutsche Girozentrale lifted its position in shares of Time Warner Inc. (NYSE:TWX) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 956,151 shares of the media conglomerate’s stock after purchasing an additional 3,885 shares during the quarter. Time Warner accounts for approximately 0.8% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 25th largest holding. DekaBank Deutsche Girozentrale owned 0.12% of Time Warner worth $97,754,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. IHT Wealth Management LLC grew its stake in shares of Time Warner by 98.0% during the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock worth $335,000 after purchasing an additional 400 shares during the period. Jacobi Capital Management LLC grew its stake in shares of Time Warner by 2.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after purchasing an additional 20 shares during the period. Bellwether Investment Group LLC grew its stake in shares of Time Warner by 15.6% during the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after purchasing an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake in Time Warner by 4.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after acquiring an additional 44 shares during the period. Finally, Harfst & Associates Inc. grew its stake in Time Warner by 31.6% in the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after acquiring an additional 288 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Time Warner Inc. (NYSE:TWX) traded down $2.11 during trading hours on Tuesday, hitting $88.49. The company had a trading volume of 12,820,500 shares, compared to its average volume of 4,523,078. 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 firm has a market cap of $68,900.00, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. Time Warner Inc. has a 1 year low of $86.38 and a 1 year high of $103.90.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.83 EPS. sell-side analysts expect that Time Warner Inc. will post 6.2 EPS for the current year.
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, October 6th. Time Warner’s payout ratio is 30.61%.
A number of research firms recently issued reports on TWX. BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. B. Riley reissued a “neutral” rating and issued a $101.00 price target (down previously from $105.00) on shares of Time Warner in a research note on Friday, November 3rd. Jefferies Group LLC cut shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research note on Tuesday, August 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Twenty-two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $103.71.
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.
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