Klingenstein Fields & Co. LLC Lowers Position in Time Warner Inc (TWX)

Klingenstein Fields & Co. LLC reduced its stake in shares of Time Warner Inc (NYSE:TWX) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 366,251 shares of the media conglomerate’s stock after selling 41 shares during the period. Time Warner makes up about 1.5% of Klingenstein Fields & Co. LLC’s portfolio, making the stock its 16th largest position. Klingenstein Fields & Co. LLC’s holdings in Time Warner were worth $35,786,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Dodge & Cox acquired a new position in Time Warner during the fourth quarter valued at about $3,124,831,000. Capital World Investors increased its position in Time Warner by 15.8% in the third quarter. Capital World Investors now owns 15,411,067 shares of the media conglomerate’s stock valued at $1,226,875,000 after buying an additional 2,102,473 shares during the last quarter. Franklin Resources Inc. increased its position in Time Warner by 106.8% in the fourth quarter. Franklin Resources Inc. now owns 12,389,546 shares of the media conglomerate’s stock valued at $1,195,963,000 after buying an additional 6,398,328 shares during the last quarter. FMR LLC increased its position in Time Warner by 14.9% in the fourth quarter. FMR LLC now owns 11,863,677 shares of the media conglomerate’s stock valued at $1,145,200,000 after buying an additional 1,540,311 shares during the last quarter. Finally, Norges Bank acquired a new position in Time Warner during the fourth quarter valued at about $591,981,000. 79.34% of the stock is owned by institutional investors and hedge funds.

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

Time Warner Inc (NYSE:TWX) opened at 97.63 on Friday. The stock’s 50 day moving average is $98.75 and its 200-day moving average is $95.91. Time Warner Inc has a one year low of $68.97 and a one year high of $100.60. The firm has a market capitalization of $75.72 billion, a PE ratio of 18.62 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 EPS for the quarter, topping the consensus estimate of $1.44 by $0.22. The company had revenue of $7.74 billion during the quarter, compared to analyst estimates of $7.66 billion. Time Warner had a net margin of 13.39% and a return on equity of 19.29%. 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 firm earned $1.49 earnings per share. On average, analysts anticipate that Time Warner Inc will post $6.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, May 26th. Time Warner’s payout ratio is 32.59%.

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TWX has been the subject of several analyst reports. Moffett Nathanson downgraded shares of Time Warner from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 1st. Loop Capital downgraded shares of Time Warner from a “buy” rating to a “hold” rating and set a $107.50 price target for the company. in a research note on Thursday, March 2nd. Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, February 13th. Drexel Hamilton downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Thursday, February 9th. They noted that the move was a valuation call. Finally, Wunderlich reaffirmed a “buy” rating and set a $107.50 price target on shares of Time Warner in a research note on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $99.87.

In other Time Warner news, Chairman Jeffrey L. Bewkes sold 172,932 shares of Time Warner stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $96.39, for a total transaction of $16,668,915.48. Following the completion of the transaction, the chairman now directly owns 699,379 shares of the company’s stock, valued at $67,413,141.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is 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.

12 Month Chart for NYSE:TWX

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