Edgemoor Investment Advisors Inc. trimmed its holdings in Time Warner Inc. (NYSE:TWX) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,376 shares of the media conglomerate’s stock after selling 1,460 shares during the period. Time Warner comprises approximately 1.6% of Edgemoor Investment Advisors Inc.’s holdings, making the stock its 21st largest holding. Edgemoor Investment Advisors Inc.’s holdings in Time Warner were worth $11,513,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Time Warner by 1.7% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 338,464 shares of the media conglomerate’s stock valued at $34,676,000 after purchasing an additional 5,639 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Time Warner in the 3rd quarter valued at approximately $691,000. Achmea Investment Management B.V. raised its position in shares of Time Warner by 21.5% in the 3rd quarter. Achmea Investment Management B.V. now owns 97,793 shares of the media conglomerate’s stock valued at $10,014,000 after purchasing an additional 17,308 shares in the last quarter. Legal & General Group Plc raised 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 in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Time Warner by 5.2% in the 3rd quarter. Nordea Investment Management AB now owns 464,753 shares of the media conglomerate’s stock valued at $47,614,000 after purchasing an additional 22,935 shares in the last quarter. 77.15% of the stock is currently owned by institutional investors.
A number of equities analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $105.00 target price on shares of Time Warner in a research report on Wednesday, October 11th. Cowen Inc reiterated a “hold” rating and issued a $107.50 price target on shares of Time Warner in a report on Thursday, October 12th. Needham & Company LLC reiterated a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. Zacks Investment Research downgraded Time Warner from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a report on Monday, August 7th. Twenty-three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Time Warner presently has a consensus rating of “Hold” and an average target price of $102.87.
Time Warner Inc. (TWX) traded down $0.51 during trading hours on Monday, hitting $89.50. The stock had a trading volume of 1,768,400 shares, compared to its average volume of 4,724,939. Time Warner Inc. has a 12 month low of $85.88 and a 12 month high of $103.90. The company has a market capitalization of $69,680.00, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts expect that Time Warner Inc. will post 6.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.4025 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.80%. Time Warner’s payout ratio is 30.61%.
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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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